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Files under: News
Posted by: Yakov @ 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
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1 Vid-Biz: Video Arrest, Tvigle, Fallon « NewTeeVee Yakov @ 14:03 [8. 12. 08]
[...] Moscow Venture Fund Puts $5M into Tvigle; venture capital fund managed by Allianz Rosno will take a 24-percent stake in the content company. (Quintura Blog) [...]
2 Vid-Biz: Video Arrest, Tvigle, Fallon | Real Big Firm Yakov @ 14:03 [8. 12. 08]
[...] Moscow Venture Fund Puts $5M into Tvigle; venture capital fund managed by Allianz Rosno will take a 24-percent stake in the content company. (Quintura Blog) [...]
3 HipMojo.com » Web Video Content Funding News Yakov @ 14:03 [8. 12. 08]
[...] Read more. With estimates for user generated content driven social networks being scaled back fast and furious, it’s a matter of time before you see more and money going into premium video… it’s called a flight to quality. Interesting to see this happening in Russia though, where the country has faced tremendous economic pressures to falling oil and gas prices. But, then again, it makes even more sense to see some diversification away from traditional sectors into new media, what with Russia being the fastest growing Web market in Europe. [...]