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Austin Firms Round Up Aggregate $12.5 Mil

AUSTIN-Prosoft Training and Netbotz raise $12.5 million total in funding rounds. Netbotz counts as its investor Hill Partners Inc., an Austin-based real estate investment company while Prosoft has Dallas-based Hunt Capital Group.

By Tim Green | Updated on September 25, 2001

AUSTIN-Two Austin companies bulked up their corporate treasuries with new investment from previous investors. Prosoft Training has issued $2.5 million in convertible securities and Netbotz Inc. raised $10 million in its second round of venture capital.

Prosoft, which develops and sells educational certification for information technology, has agreed to issue $2.5 million of convertible subordinated notes to Dallas-based Hunt Capital Group. The five-year notes carry a 10% coupon, will not require cash debt service until maturity and will be convertible at 120% of the market price of Prosoft stock on closing.

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