Receives $13.5m Growth Capital Financing, Inc., a Marina del Ray, Calif.-based operator of food and cooking web sites, has received a $13.5m growth capital financing.

The financing, which consists of subordinated debt and a new round of preferred equity, was led by BIA Digital Partners II LP, with participation from Azure Capital Partners.

The company intends to use the proceeds from the investment to grow its flagship site ( and to accelerate the build-out of its “Powered By” enterprise-level ecommerce solution.

Founded in 1998 by CEO Tracy Randall, operates several websites including Rachael Ray Store, Paula Deen Store, Calphalon Store, Betty Crocker Store, Pillsbury Store, Steamy Kitchen Store, Good Bite Store, and Marley Coffee, which offer customers access to over 60,000 products for the kitchen as well as recipes, menus, collections and a library of member-submitted cooking content.

In conjunction with the financing, Damien Dovi, Partner at BIA DP, has joined the company’s board of directors as an observer.



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