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    #1

    GAP pulled funding

    Hello,

    I'd appreciate it if someone could tell me what the following phrase means:

    "Just before Christmas, each of the Entranet employees received a text message which read 'Bad news. GAP pulled funding 2nite. We have to stop trading as of now".

    I feel that 'pull funding' is the same as 'cut off, withdraw', but what is GAP? Government-something?

    Thank you.

  1. Route21's Avatar
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    #2

    Re: GAP pulled funding

    Hi Verona

    In what context (e.g. what were they selling and the country to which it relates)?

    Best regards
    R21

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    #3

    Re: GAP pulled funding

    According to this site, Entranet were backed by General Atlantic Partners (GAP), who decided not to fund them any longer:
    Entranet texts staff to inform of firm closure. (Agencies).(American backer General Atlantic Partners declines further funding) - New Media Age | HighBeam Research - FREE trial

    • Member Info
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    #4

    Re: GAP pulled funding

    Thank you!

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