Charleston, South Carolina-based Alchemy Global recently closed a $4 million private placement for Infinity Creative Media.
Under the terms of the placement, Gate Ventures took a 20 percent stake in Infinity Creative Media. Infinity will use the proceeds from the offering to finance general operations and to increase shareholding size in the company's array of television productions.
Gate Ventures is helmed by Chairman Johnny Hon and CEO Geoffrey Morrow. Infinity's operations are led by founder Russ Lindsay and CEO Ross Westgate
"We were extremely pleased to be working with Alchemy on this capital raise; they delivered everything that they promised and more," Westgate said. "Infinity is incredibly excited to be partnering with Gate to take the company to the next level."