You may have heard that one of Linden Lab partners has cashed out; selling their stake to a private equity firm Stratim Capital. Details are sketchy but it appears that it was from another private investor. Zach Abrams, the Stratim managing partner confirmed the information saying: “We bought almost the entire position of an existing shareholder… I don’t think this is a company that anyone will be able to put new money into, because it doesn’t look like it will need to raise another VC round.”

Linden Lab has yet to comment on the rumor and is not seeking any new funding over the initial $19 million in venture capital it acquired long ago.

Private Equity Hub reported the news