Flixel Photos Raises $770K; Follows Investment by Fierce Capital
Toronto-based startup Flixel Photos Inc., a developer of software that allows users to combine features of video and photos, has secured $770,000 in financing from the Canadian Media Fund and high net wealth investors. The transaction, which was arranged by Cranson Capital Securities Inc., follows an undisclosed investment made in Flixel Photos earlier in August by Fierce Capital, the venture capital investment arm of U.S. fashion company The Tyra Banks Co. Funding will be used to enhance the company's software application and increase marketing initiatives.
14 August 2013•3 mins read
