GAP pulled funding

[Verona_82]

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.

 

[Route21]

Hi Verona

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

Best regards
R21

 

[Tdol]

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

 

[Verona_82]

Thank you!