Sports-watching app company OneTwoSee raised $1.2 million in a debt round, cofounder Chris Reynolds confirmed to us.
The raise comes 18 months after the Center City startup’s last round, a $1.3 million equity round.
This latest round was backed by previous investors, including lead investor MissionOG, based in Center City, and local angel group Robin Hood Ventures, Reynolds said. The company employs 15 and is looking to hire five more right now.
When asked why the company went with a debt round this time, Reynolds wrote, “We won’t get into the details, but everyone is very pleased with the way the financing turned out.”
The company had a big win earlier this summer when it launched its baseball app with Comcast’s X1 platform, reaching millions of subscribers.