EXCLUSIVE: HeartRock Partners the management and entertainment company set up by former Gersh head of alternative Alec Shankman, has closed its first round of funding.
The company launched earlier this year and set up the company in Cleveland with outposts in LA and New York.
It has now secured a seven-figure investment round, largely from private individuals with backgrounds in retail, consumer products and manufacturing.
It will allow the company to grow its business in the creator and brand spaces and follows its first hires last month.
Investors include Wade Miquelon, who was formerly CFO at Walgreens, Dr. Will Kirby, CMO of med spa company LaserAway, Bassem Mansour, CEO of private equity company Resilience Capital, Entrepreneur Media, which owns Entrepreneur Magazine, Randy Markey, managing partner at Capital Acceleration Partners and serial entrepreneur Brett Kaufman.
Founder & CEO Alec Shankman said, “I am thrilled to announce the successful and very quick close of our fundraise, which includes many of the most forward-thinking and dynamic individuals that I could have ever hoped to get involved with what we’re doing at HeartRock. We’re building this company with intense purpose and intention at every turn and these remarkable and incredibly additive investors leaned in to support and enhance our firm not only with their financial resources, but as importantly their extensive experience, social currency and playbooks for success in consumer products and beyond.”
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