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Citelighter Secures Venture Capital Debt

Friday, May 27, 2016 5:02:00 AM PDT | VentureDeal



Baltimore, Maryland  --  Internet education technology company Citelighter has raised $478,000 in new venture capital debt funding, according to an SEC regulatory filing.

Citelighter has created a platform that "helps students perform more effective research and writing assignments."

The system teaches them to "think critically and salt 21st-century problems."

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of 22 investors participated in the offering.

Citelighter is still seeking $122,000 in additional debt investment, according to the filing.

CEO Saad Alam founded the firm in September 2011.

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