What Company Is Offering:
The Generations Network of products and services provides the tools that enable people to discover who they are and where they come from.
The Generations Network operates eight ancestry Web sites, including www.ancestry.com and the family social networking site, www.myfamily.com.
The Generations Network has established a leading position in the genealogy Web site market, providing people with the content, community and technology to empower them to find the individuals most important to them,” said Tim Sullivan, president and chief executive officer of The Generations Network, Inc. “We will use the debt and equity capital from this transaction to support the next phase of the company’s growth.
How Much They Got From VCs:
Hercules Technology Growth Capital, the premier specialty finance company providing venture debt and equity to venture capital and private equity backed technology and life science companies at all stages of development, today announced that it provided a combination of $17.5 million in debt financing and $500,000 of equity capital as part of a larger leveraged recapitalization on December 5, 2007, to The Generations Network, Inc. – an online network of family history Web sites.
More at:http://www.tgn.com/
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