Monday, March 12, 2007

Ygnition Gets $20M In Credit Facility

Seattle-based Ygnition Networks, a provider of video, Internet, and voice services to multi-family real estate, said Monday night that it has raised $20M in a senior secured revolving credit facility. The funding came from Full Circle Capital and First Capital. The firm said it will use the funding for subscriber acquisitions and organic growth. Ygnition provides broadband Internet services to apartments.