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.