Lithium Raises $50M In Mezzanine Round For Online Community Development Platform

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http://techcrunch.com – Lithium has raised $50 million from a group of unnamed investors in what the company is calling pre-IPO mezzanine financing. Lithium will use the funding to further develop its technology platform and expand its sales and marketing. The company has raised a total of $142 million in funding. Lithium executives could not be reached for comment to discuss the funding round. Constellation Research Founder Ray Wang said to me in an interview today that Lithium technology is primarily designed for sites that are customer-facing, enabling companies to find better ways to engage with their customer (IT news)