Mainstream Holdings, Inc. has entered into an agreement with private investors to receive $29.6 million of funding for the Company. The funding will be used to accelerate the international expansion and enrich membership development programs of its subsidiary MOLI.
The group of investors includes a number of experienced business executives and Wall Street entrepreneurs known for working with companies to build quality businesses. Three of the investors will join Mainstream’s Board of Directors: Bernard Marcus, founder of HomeDepot; Kenneth G. Langone, co-founder of HomeDepot; and Steven D. Holzman, Managing Member Vantis Capital Management, LLC
Mainstream focuses on four industry segments: e-commerce, behavioral marketing, high-definition video production, and software and infrastructure development. MOLI is its core operating subsidiary. The founder provided $20 million of early stage capital and a select group of private investors provided an additional $6 million in equity.
Originally posted on January 30, 2008 @ 9:29 pm