Tuesday, April 21, 2009

LoopNet Raises $50 Million Through PIPE Deal

Calera Capital led a $50 million investment along with Trinity Ventures and Rustic Canyon Partners into LoopNet. This was a PIPE (Private Investments in Public Equity) Deal that I believe was a good investment since I used LoopNet before and think during this downturn their revenues will increase.

Even on the consumer side, I'm pretty sure you'll see an increase in revenue for online apartment rental sites during this recession.

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