CarAdvice Closes Capital Raising Round

CarAdvice, one of Australia’s leading automotive editorial sites, has just closed a round of capital raising.  The company raised between $500k and $1m for the funding of aggressive sales and marketing growth.  This capital raising follows hot on the heals of the acquisition of CarBuddy in June.

CarAdvice has over 500,000 unique visitors each month and with CarBuddy, this number has now increased to nearly 700,000 UV’s each month.

Quickflix Successfully Completes Capital Raising

Quickflix Limited (ASX: QFX), Australia’s leading online movie subscription company, announced today that it had successfully completed a $2M capital raising through a combination of a private placement (completed in June) and a subsequent rights issue both priced at 5 cents. The rights issue received strong support with 64 per cent of entitlements taken up and the balance raised through underwriting by existing shareholders.
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