What Company is Offering:
Cooking.com operates six uniquely branded websites: Cooking.com, FoodNetworkStore.com, StarbucksStore.com, KitchenEtc.com, PillsburyStore.com, and BettyCrockerStore.com. Cooking.com offers its customers over 90,000 products for the kitchen as well as recipes, menus, articles and a growing library of user-generated cooking content and online tools. Cooking.com is committed to providing customers with an exceptional experience and is the recipient of the 2006 i.Merchant Gold award for overall excellence as an online retailer.
How much they got From VCs:
Cooking.com, a privately-held internet marketplace and community for the kitchen, announced that it has entered into a $7 million loan agreement with ORIX Venture Finance.
What's Purpose Of Raising Fund:
The venture debt credit facilities will be used by Cooking.com to expand operations, enhance its community content, and support continued acceleration of its private label online programs.
About VCs:
1.The DiBari Group is a financial advisory and consulting firm dedicated to procuring debt capital for both public and private companies in various stages of development. The firm has supported high growth companies for over 10 years with an emphasis in media, communication, software, technology, healthcare and life sciences. http://www.dibarigroup.com.
2.ORIX Venture Finance provides enterprise financing to mid- and late-stage venture-capital-backed companies via acquisition financing, expansion capital, working-capital term loans and credit lines, and equity co-investments.
http://www.orixventurefinance.com.
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