Peeks Social secures $10 mln commitment from GEM
Peeks Social Ltd (TSX-V: PEEK), a Toronto-based video streaming monetization platform, has secured a $10 million financing commitment. The commitment was made by a fund of Global Emerging Markets (GEM), a U.S. private equity firm. The deal entitles Peeks to issue GEM common shares over two years through one or more private placements. It agreed to an initial investment of $1.5 million. The company will use the proceeds for product marketing and advancement, working capital, and other priorities. Founded in 2011, Peeks was formerly known as Keek Inc.
26 July 2018•4 mins read
