CCF

Creative Capital Fund

CCF completes its eighth investment

10/09/2007

The Creative Capital Fund (CCF) is delighted to announce the completion of its investment in Passionato.com.


The business


Passionato.com is an online service provider for listeners of classical and jazz music.


 The CEO and Founder of Passionato is James Glicker, a senior executive with 13 years of experience in the classical music business. In recordings, he was Senior VP of worldwide Marketing for BMG Classics (trading as RCA Victor); in live performance, he was the President/CEO of the Baltimore Symphony Orchestra; and in the digital arena, he was President of FullAudio (now AOL MusicNow), one of the first digital music distribution services, and VP of Marketing of GeoCities, the original social networking site.


The funding


CCF has invested £112,500 out of a total of £275,000 in new funding for the business. The balance of the funding has come from Saffron Hill Ventures (SHV) and a business angel. Further investment has been agreed by all investors in six months subject to the business achieving pre-agreed milestones.

AXM Venture Capital Limited is authorised and regulated by the FSA.

The Creative Capital Fund acts for the funds it is contracted to manage or advise and not for any other client. It will not act for or be responsible for providing investor protection to any other party. Entrepreneurs, co-investors and others working with the CCF should be aware of this and should not expect to be treated as clients of the CCF.

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