Venture capital for media companies is being founded

12-05-2008, 16:48

Warsaw (Puls Biznesu) – Xevin Investments wants to invest in new media, internet, software and mobile technologies, IT  sector and e-commerce.

Krzysztof Golonka, Gwidon Humeniuk and Marek Rusiecki which so far have been connected with CR Media and Ad.Net, are founding their own venture capital fund. They want to focus on the sector of new media and technologies.

“We have PLN 10m (EUR 2.9m) of financing in the upcoming 12 months. These are private funds supported by credits. If additional attractive investment opportunities appear, we will consider increasing the funds”, Krzysztof Golonka, Xevin Investments cEO said.

The fund is about to conclude an acquisition of an interactive agency and an agency specializing in advertising in the searches. The transactions may be concluded within 2 months. The fund is analyzing six other ventures.

“We are looking for projects which need financing and projects slowed down because of the lack of funds”, Krzysztof Golonka said.

(PLN 1 = EUR 0.293)

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