Dan Connors states that the financing will be used to "aggressively launch" its announced high-profile franchises simultaneously on multiple release platforms, although one hopes that at least a few of the zeroes at the now seven year old company's disposal may go toward an original IP to keep Puzzle Agent company.
There's another Telltale-related bit of news worth mentioning. About a month ago, former Mojo staffer and present Telltale programmer Andrew Langley (aka telarium) Tweeted that he would be directing his first Telltale episode, and is thus now eligible for the distinction already attained by Jake, namely: One Prolific Bastard.
Source: Gamasutra