Cooking.com secures USD13m in funding

Online marketplace Cooking.com says it has received USD13m in funding from lead investor Azure Capital Partners and venture debt from ORIX Venture Finance.

The company also reports that Michael Kwatinetz, an Azure partner, has joined its board of directors. Cooking.com says the new funds will be used to support expanded business operations, including the opening of a second US distribution facility in Ohio.

The money will also be directed towards providing more efficient customer shipping and service, augmenting editorial content, expanding community and social networking capabilities and deepening its network of partner sites.Cooking.com operates five branded websites: Cooking.com, FoodNetworkStore.com, StarbucksStore.com, PillsburyStore.com, and BettyCrockerStore.com.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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