RentOnTheDot Secures Additional Funding

Vancouver, British Columbia-based RentOnTheDot closed a second round of financing, which is expected to fund the company through the end of the year. The round was led by Discovery Capital with a $750,000 investment. Other funders included Interactive Selling, Bradstone Equity Partners, members of the company's senior management and existing shareholders.

Officials say the company is planning to bolster its technology staff within the next six months and report that its monthly burn rate to be about $160,000.