Palo Alto, Calif. -- Hercules Technology Growth Capital, a Palo Alto-based specialty finance company, said on Friday that it has raised $32.5 million through a public offering. The firm, which provides debt and equity growth capital to technology and life science companies, sold 2.5 million shares in the offering, and will use the proceeds to reduce its credit borrowings and originate investments, as well as for general corporate purposes. Hercules also has office in the Boston; Boulder, Col.; and Chicago areas.
http://www.herculestech.com/hercules_news.asp?NewsType=1
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