Tuesday, October 4, 2016

Digital Trends Gets $10M In Line Of Credit

Portland-based consumer technology publisher Digital Trends said this morning that it has raised $10M in a secured line of credit, from JPMorgan Chase. According to the company, the new funding will help provide it with additional capital for new market ventures. The line of credit replaces an earlier line of credit. Digital Trends is led by CEO Ian Bell, and publishes a wide range of publications about the consumer electronics industry. The company says it saw over 26 million unique visitors in August.