Adult online entertainment and dating services company 7 Star Entertainment has signed an investment agreement with New-York based Kodiak Capital Group for a $10 million equity facility, the funding of which will be contingent upon them achieving certain conditions.
The capital injection would be used for bolstering growth of the company’s flagship product AdultMatchClub.com and the build-out of its existing online portfolio, which includes sites like FriendMatchClub and .
According to the announcement, the strategy to achieve this growth will be through international online marketing but also the acquisition of similar online properties.
Update: as a commenter points out, looks like it concerns the same investment firm that plowed money into shady mobile payments company C$ cMoney. Hmmmm.
Kodiak Capital Group, LLC is engaged in assisting growth companies in all facets of their long term strategy by providing capital and progressive business solutions. Kodiak manages a portfolio of investments in public and private equities. Founded in 2009, Kodiak has transacted in excess of $300 million in financing for companies across a multitude of industries including biotechnology, business services, consumer products, defense, healthcare, Internet, manufacturing, medical devices, natural resources, oil and gas, renewable energy and wireless communications. Headquartered...
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