Connect with us

Hi, what are you looking for?

Business

VentureKite Raises $30 Million Credit Facility

VentureKite

Miami-based digital media startup VentureKite, which buys and grows profitable websites, has officially announced that they have successfully closed a $30 million credit facility that was provided by CoVenture.

CoVenture is an asset management firm investing in tech-enabled companies, and with the facility VentureKite can now make more website purchases. VentureKite uses it’s own analytics to seek out and purchase digital brands that are profitable, but not enough to scale.

“With this latest round of financing, we are thrilled to continue providing founders with quick and easy exits that protect their team and their vision, enable them to scale, and bring brand transparency and ease of use to consumers,” Marcos Cordero, VentureKite’s founder and CEO, said in a statement.

It is likely that Miami SEO is critical to scaling of the websites that are acquired.

 

You May Also Like

Investments

AutoLeadStar, which is the Jerusalem based marketing and customer data startup for auto dealerships announced that they have raised a $40 million growth round,...

Investments

Miami based startup Grip has officially announced that they have raised $2 million in a pre-seed funding round that was backed by firms such...

Business

Miami fintech unicorn Pipe is undergoing some massive changes, as the three co-founders of the company are officially stepping down from their executive roles...

Investments

Fort Lauderdale based startup Assure Health has landed an $8.7 million seed investment as they strive to develop technology to keep patients healthy at...