Running out of cash, Trusera may close next month |
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Running out of cash, Trusera may close next month
Trusera may be forced to close down its online health community next month if it can't raise more cash, said founder and CEO Keith Schorsch in an email today. The company -- which raised $3.2 million from angel investors and Benaroya Capital -- attracted several hundred thousand visitors. But Schorsch said they didn't have the opportunity to "scale into our monetization model."
"We have been seeking funding or partnerships to enable us to continue operations, but no deal has emerged that would allow us to continue to fund our business operations," Schorsch said. "Unless we can raise additional funds for the company by the end of April, we will close Trusera to the public on April 30."
More info in the company's blog post. Trusera operated an online community for people coping with disease, with the company started after Schorsch dealt with the struggles of finding information regarding his bout with Lyme disease.
Angel investors included Chris Ackerley, Erik Blachford, Phil Nudelman, Geoff Entress and Kim Rachmeler.
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