ATEL Ventures, Inc., a provider of secured financing to emerging growth companies, has committed $5.0 million in equipment lease financing to Sling Media, Inc..
Sling Media is supposed to use the $5m to broaden its existing product line, support its growing customer base and accelerate its already significant growth. It is not disclosed what Slingmedia is exactly doing with the equipment lease. Possibly developing a new line of Slingboxes or finally get their products in full to Europe.
Via this press-release. Shop for Slingboxes.
Don't Miss: Incredible Pokemon Gifts
Don't Miss: See the first leaked Black Friday 2016 Ad