Cranson Capital Securities Inc. (Cranson Capital) is pleased to announce that it has closed a convertible debenture financing for Flixel Photos Inc. Cranson Capital raised $460,000 through a number of private, accredited investors in a convertible debenture offering for the expansion and development of the business.
Last year, Flixel partnered with Tyra Banks, where living photos were featured on her hit television show “America’s Next Top Model”. This strategic partnership created significant awareness and exposure that helped put Flixel on the map. Since then, the company has made significant progress.
Devon Cranson, President of Cranson Capital, commented, “We are excited with the continued growth and success of Flixel. When we were first engaged by the company to provide funding, they were only recognized as a start-up mobile app. Flixel continues to hit significant milestones and through strategic partnerships and software development, the company is evolving into a leading player in the photography industry.” He added, “Our ongoing financing efforts allow us to give our investors the continued opportunity to invest in Flixel’s success and achievements.”