Social Dating App Provider Snap Interactive Raises $8.5 million In Capital
Snap Interactive, the company behind the web site and mobile app for AreYouInterested.com, announced ambitious growth plans today with the purchase of $8.5 million in securities.
Snap Interactive, the company behind social dating website AreYouInterested.com and the respective mobile apps, announced today it has entered into agreement with investors to purchase $8.5 million of securities in a private placement transaction.
The additional infusion of capital is meant to continue efforts to accelerate the growth of the publicly traded company, according to CEO Cliff Lerner. “We believe that the capital raised from the private placement will enable us to accelerate our business plan by providing us with the ability to hire additional talent and expand our marketing efforts for the AreYouInterested.com
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