CÜR Media, Inc. announced that it has received $2 million in funding from Intuitive Venture Partners, LLC, Katalyst Securities LLC, Investment Arm, and another investor.

CÜR Media, Inc. (OTCBB:CURM) announced that it has entered into a securities purchase agreement for a private placement of 12% senior secured convertible promissory notes for gross proceeds of $2,060,000 on April 12, 2016. The transaction included participation from certain accredited investors including President, Chief Executive Officer and Chairman Thomas Brophy, Intuitive Venture Partners LLC, and Katalyst Securities. Intuitive Venture Partners LLC and Katalyst Securities led the transaction.

Thomas Brophy invested $255,060 in the transaction. The notes bear a fixed interest at a rate of 12% per annum, issued at par, and would mature on 6 months from the date of issuance. The note is convertible into units of the company at a conversion price $2 per unit.

Each unit will consist of one share and one five-year warrant. The company issued securities pursuant to exemption provided under Regulation D. The company incurred expenses of $23,519 for the transaction.