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Loopt Calls Down $2.25M of a $12M Series B Round of Funding
Loopt, the service that lets you geo-locate friends with mobile phones, has called down $2.25 million of a $12 million Series B round of financing. This means that while Loopt has raised $12 million, its requested access to $2.25 of this larger amount, possibly to increase its working capital costs.


Source: http://mashable.com/2007/07/19/loopt/

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