Media6Degrees, a social media analytics company raised a healthy $9.8 million to complete its first round that began almost a year ago. The round had been extended to accommodate $2.5 million funding from its latest investor, Venrock to add to the previously raised $7 million and $300,000 from USVP and other investors. The investment in the tech sector has taken quite a hit, falling by fifty percent of what it was prior recession, therefore raising funds is always a tough ask. Many companies, including the giants in the business have taken initiatives to cut short expenses.
