Wednesday, February 18, 2015

Science Inc. Gets $20M In Debt Funding, Grows To 150 People

Los Angeles based startup incubator/studio Science--which is behind such local startups as Dollar Shave Club and DogVacay--has raised $20M in a debt financing round, according to the companies. According to Fortune, the funding came from private equity investor Silver Lake Waterman. Science said that it will use the new growth funding to enhance its technology platform. Science is led by former MySpace CEO Mike Jones; the company's latest companies include Re|Fame, Hiq, Playhaven, InLight, FameBit, Medium, and Delicious. Science says it now has more than 150 people on staff working on its startups. Science said it has now invested in, built, or acquire more than 37 early stage companies.

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