|
Files under: News
Posted by: Quintura @ 14:03 [8. 12. 08]
 Moscow Venture Fund, a $30 million venture capital fund that is managed by Allianz Rosno Asset Management, has invested more than $5 million for an additional 24 percent stake in Tvigle (Tvigo Entertainment), a producer and distributor of content for Internet TV and mobile entertainment, reported business newspaper Kommersant. The consulting company ADJ Consulting acted as financial adviser to Tvigo.
In November 2007, the Allianz Rosno-managed fund invested over $2 million for an initial 25 percent stake in Tvigo. As a result, the fund invested $8 million in two tranches for just under 50% stake in the company.
Tvigle.ru, which hosts short TV series, has 1.7 million unique monthly visitors.
Tags: Allianz Rosno Tvigle, Moscow Venture Fund, Russian venture capital
|
Comments: