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

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.