- Global influencer marketing company Crowd Media (CM8) has raised $4 million to accelerate growth and pay down its debt
- Subject to shareholder approval, the company will also issue $2.8 million in options, exercisable at 7 cents within two years of issue
- The company will issue 80 million shares all up
- Crowd Media plans to spend the money on a few different growth initiatives
- The company will accelerate research and development of its ‘Talking Head’ technology and boost inventory for its Crowd Direct eCommerce division
- CM8 also plans to “drive opportunities in fintech and insuretech” to expand its commercial offering
