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