October 9, 2014 Cafrino announces new CEO, raises $100,000

Cafrino LLC, a 100% free-to-play and U.S. legal online poker site, has announced Michael Murphy as the company's new CEO and revealed a capital raise that values the poker site at $1 million.

Murphy has worked with some of the most recognizable brands in the country, including Sony Online, Sony Pictures, Lucas Arts, and Fox Interactive. Most recently, he held a position as the Senior Vice President of Creative Services at NYX Gaming Group.
In his three years working with NYX, Murphy was very "hands-on" with the online poker product the company had developed.

"I wanted to be involved in a product that catered to the players and made the user experience a top priority. I haven't found that with any of the free-to-play poker sites available to US players today," Murphy said.

Murphy has brought that dedication to the players with him to Cafrino, and the company says players can expect some major positive changes when the site re-launches this Fall. In the short time that he has been CEO, he has put in place major changes to the tournament structure, wallet, design, customer service team, and more.

In addition, Cafrino has secured $100,000 in additional capital investment, valuing the company at $1 million.

"Cafrino will be the poker experience I've always wanted as a player," Michael explains, "Whether it’s live poker, online, or free-to play, I know what poker players want: a fun, challenging, cheat-free environment where technical issues are handled promptly and prizes are paid out as promised. Cafrino is going to be a revolution in the world of online poker, and I hope you all will come along for the ride."

Cafrino is a KAYWEB Angels portfolio company, and the investment firm's CEO Haig Kayserian said they were delighted with these latest developments.

"Cafrino has had to go through some major changes in recent times, and we never gave up on the product, seeking a new CEO to lead it to the heights it deserves," Kayserian said. "In Michael Murphy, we have our guy and Cafrino has the guy it needs to fly."

Cafrino is currently open to BETA testers after recent development updates, and expects to launch its new product in coming months.

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