Toronto-based agency King Street Media has announced an investment in its company from venture capital firm Globalive.

The agency says the partnership with Globalive, a VC firm founded by Canadian businessman Anthony Lacavera (pictured), sets King Street Media up for further growth and expansion. It will also result in Lacavera joining the agency as a partner, in a move to further support the agency’s growth.

“The King Street Media leadership team believes that promoting entrepreneurial mindsets and frameworks within the company across all team members translates into a healthy workplace, camaraderie and a hyper-focus on driving results that our clients actually want,” King Street Media managing partner Anthony Chiaravalloti said in a news release announcing the investment.

King Street Media has not disclosed the amount of Globalive’s investment, but has said the investment is meant for rapid acceleration, and acquiring and incubating other companies.

King Street Media is a creative performance agency that formed in 2018. It offers services including digital strategy, performance-based marketing, social media and content.

The agency also introduced a brand refresh in the last year, along with the launch of CreatorClub, which streamlines content creation for brands.

Globalive has made investments into more than 200 companies for more than a quarter century. The firm says it invests in an builds companies that are committed to innovating and developing technology to improve and change industries.

“Joining forces with Globalive and having Anthony Lacavera on board is a game-changing opportunity,” Chiaravalloti said. “We are excited to leverage this partnership to innovate the agency model and accelerate our growth to help build more companies worth building.”