RealTime IT News

Lot21 Gets $1.5 Million in Venture Capital

Lot21 reportedly has closed on $1.5 million in venture capital financing from The Walden Group of International Venture Funds and some existing private investors.

The completed investment will join additional moneys raised through existing private investors. Half the money was received during Lot21's initial round of funding in April, according to ChannelSeven.com.

Lot21, launched in February 1998 by Kate Everett-Thorp, is an interactive marketing, media and advertising agency specializing in integrated marketing solutions for advertisers.

Clients include BankAmerica, auction site ONSALE, Daewoo Motor America, Seagate and Looksmart. The Walden Group of International Venture Funds manages more than $1 billion in 11 offices worldwide.