Yesterday, the mobile dating service Clover announced that it has closed $7 million in equity and convertible debenture financing.
The round was led by Jackson Investment Group LLC, a private investment firm with over $1.5 billion of assets under management.
Clover has begun to grow rapidly and is now one of America’s most highly rated, top-grossing dating apps.
The company will use the funds to launch new features, expand its team and increase its user acquisition.
Isaac Raichyk, CEO of Clover said: “We have fine-tuned a highly efficient business model. With this financing, we’re able to scale rapidly. In the dating space, higher user density translates into greater value for each individual user. This is great news for the entire Clover community.”
Isaac is the founder of five successful startups including the world’s first voice user interface, Kolvox, and mobile video social network, Keek.
Rick Jackson, President of Jackson Investment Group LLC added: “Clover has demonstrated an ability to scale efficiently and compete for market share. Isaac and his team have built a beautiful, high-quality product and are committed to delivering value to their customers.”
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