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Author Topic: EBRD invests $5 million into Depositphotos  (Read 1019 times)

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« on: December 17, 2015, 16:17 »
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"The New York-based but originally Ukrainian stock photo agency Depositphotos has gained a combined $5 million in funding from the European Bank for Reconstruction and Development and U.S. venture fund TMT Investments, the company announced on Dec. 17. EBRD, via its venture capital investment program, gave the company $4 million. This marks the London-based financial institutions first investment in Ukraines dynamic IT industry. TMT Investment, which invested $3 million in the company in 2011, had contributed $1 million in the round." More here.

Not that I'd earn a lot with DP, this latest marginal investment means that the company is not really dying (for now) and might even further improve (thinking from a perspective of an investor). Good luck to the company (and our sales there)!



 

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