Numedeon Closing $1M Series B Round

In March, Numedeon, the makers of Whyville and now SportsBlox, said that it planned on raising $1-$2 million in a Series B round of financing led by its first institutional investor. In April, the company announced that Bankinter, which has had a presence in Whyville since October, had made the investment as part of the plan to open Whyworld in Spain. Though the round is still closing, COO Jay Goss explained that Bankinter was the lead investor, with the rest of the financing coming from new and existing angel investors. Also, the round will be closer to the $1 million than $2 million mark. "In the end, the amount we raised was suitable, and will fund our growth (remember, we are a 9 1/2 year old company that *is* generating revenue also) for the rest of 2008," Goss said via email.