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TMT Investments to Invest in Creat Studio, rollApp, DepositPhotos and Ninua

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Posted by: admin @ 02:33 [30. 08. 11]

In December 2010, TMT Investments PLC raised $20 million and listed its shares on the Alternative Investment Market of the London Stock Exchange. Since then, London-based TMT Investments has backed four internet start-ups.

TMT Investments has just agreed to invest $1 million in exchange for a 20% stake in social games developer Berryman Capital Group with fully-controlled Russian subsidiary Creat Studio. Founded in 2010, Creat Studio developed social games Never Sky, Unsung Heroes and Maze that are distributed via Facebook, Vkontakte, StudiVZ, Nasza-klasa and other social networks.

In August 2011, TMT Investments made a $350,000 investment in exchange for a 10% stake in cloud-based software applications platform developer rollApp.

In 2011, TMT also invested $2.1 million in online photobank service DepositPhotos and $300,000 in news reading app developer Ninua.

TMT Investments is focused on investing in early-stage developers of mobile applications, online games, social and search platforms, personal and business productivity, cloud and geo services. TMT Investments‘ Executive Director is Alexander Selegenev. The Moscow-based investment professionals of TMT include Alexander Pak and Levan Kavtaradze.

Runa Capital and Yandex also actively invest in online start-ups in Russia.

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