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Allianz Rosno Invests $8 Million in Tvigle Online TV (Tvigo)

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.

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.

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