ModelKarma GmbH
ModelKarma GmbH : Social Network ModelKarma.com with successful fundraising
ModelKarma GmbH / Key word(s): Capital Increase Social Network ModelKarma.com with successful fundraising
1st of August, New York/ Frankfurt – ModelKarma.com ('ModelKarma'), the world's largest online community and a virtual agency for both aspiring and established models, successfully accomplished a fundraising in the amount of EUR 500,000 with Business Angels and the Frankfurt based VC Investor Impera Total Return AG. ModelKarma (www.modelkarma.com) got founded in 2010 and since then gathered globally more than 15,000 registered models in the USA, Europa and Asia. Additionally, a joint venture with Jinti (http://mk.jinti.com), one of the largest Chinese social networks with more than 35 million users could be agreed on to successfully cover the fast growing Chinese market as first-mover. Focusing on models, model management and fashion, ModelKarma is positioned in a globally highly demanded niche. With Thomas Zeumer as Co-Founder and CEO of ModelKarma, a true industry titan, previous founder of Metropolitan New York and top model manager with a two decade long track record of amongst others Heidi Klum, Eva Herzigova, Claudia Schiffer and many more top models, is in charge of the operational development of the company. Combining the classical agency business and the interactive social network approach as a freemium platform, long-term recurring revenues are the sound financial target of the company. End of the third quarter, ModelKarma is expected to already launch its premium platform under www.modelkarma.com which is going to replace the current beta version.
About ModelKarma ModelKarma is the first integrated online and offline provider of modeling agency services. Founded in 2010 by Thomas Zeumer, the agency's headquarters are in New York. Launched in beta in August 2010, ModelKarma is a new concept to help both novice and professional female models start or advance their careers. Zeumer himself became frustrated, knowing that many women outside New York, Paris and fashion capitals could become models-but they often lacked the knowledge, connections and opportunity to be discovered. ModelKarma.com allows models and aspiring models to sign up for an account. Basic membership is free and lets members upload photos in order to promote and expose themselves to industry professionals and clients on a global base, and be discovered by Thomas Zeumer himself. For more information, visit http://www.modelkarma.com.
Contact: Kay Seibert, CFO, E-Mail: investor-relations@modelkarma.com, Internet: www.modelkarma.com End of Corporate News 01.08.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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