Amount Raised
$8.5 Million
Round Type
Debt Financing
MadisonManufacturingInformation TechnologyHardwareSoftwareMedia And EntertainmentDescription
Sonic Foundry, Inc. (“Sonic Foundry” or the “Company”) (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that it has secured $9.7 million in financing with three separate transactions. It entered into a Loan and Security Agreement with Neltjeberg Bay Enterprises, LLC (“NBE”) for a $5.5 million loan at an annual rate of 12% interest. In addition, the Company closed a Security Agreement and Promissory Note with Mark Burish, Chairman of the Sonic Foundry Board, for $3 million at the same interest rate as the NBE note
Quick answer
Sonic Foundry raised $8.5 Million in a Debt Financing round, dated November 21, 2022. Sonic Foundry is based in Madison, New Jersey, United States.
- How much did Sonic Foundry raise?
- Sonic Foundry raised $8.5 Million in a Debt Financing round on November 21, 2022.
- What does Sonic Foundry do?
- Founded in 1991 and headquartered in Madison, Wis., Sonic Foundry (NASDAQ: SOFO) is dedicated to transforming how the world works and learns through innovative and scalable technology solutions.
- Where is Sonic Foundry based and how big is it?
- Sonic Foundry is based in Madison, New Jersey, United States.
Source: Fundz verified event record.
Who else raised in Hardware and Media And Entertainment around the same time
Companies in the same sectors as Sonic Foundry that raised within 45 days of this round, from Fundz verified event records.
- B2Digital, Inc. raised $335K (Seed) on January 3, 2023.
- Motion G raised $15M (Funding Round) on January 3, 2023.
- MasterControl raised $150M (Series A) on December 15, 2022.
- myTVS raised $25M (Funding Round) on December 15, 2022.
- Rocket Lab Corporation raised $21M (Funding Round) on December 13, 2022.
- Tempest raised an undisclosed amount (Funding Round) on December 13, 2022.
Who to call at Sonic Foundry, and when
A new round usually means Sonic Foundry is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Sonic Foundry raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Sonic Foundry, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Sonic Foundry. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Sonic Foundry raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Sonic Foundry raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.