Business
Wanelo, Inc. - New equity financing
Wanelo, Inc. - New equity financing.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 9033F TMT Investments PLC 30 May 2013 \n \n\n30 May 2013\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nWanelo, Inc. - New equity financing\n \nTMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, is pleased to announce that on 29 May 2013 its portfolio company Wanelo, Inc. (\"Wanelo\") confirmed that it had recently completed the initial closing of an equity financing round led by a number of prominent investors.\n \nAfter the new equity financing is completed, TMT will hold approximately 4.71% of Wanelo's fully-diluted equity capital. \n \nThe transaction implies an approximately US$5 million uplift in the fair value of TMT's investment in Wanelo, compared to the latest reported amount as of 31 December 2012.\n \n \nFor further information contact:\n \n\n\n\n\nTMT Investments Plc\nMr. Alexander Selegenev\nwww.tmtinvestments.com\n \n\n\n+44 1534 281 843\[email protected]\n \n\n\n\n\nZAI Corporate Finance Ltd.\nNOMAD and Broker\nMarc Cramsie/Irina Lomova\n \n\n\n+44 20 7060 2220\n\n\n\n\nKinlan Communications\nDavid Hothersall\n \n\n\nTel. +44 20 7638 3435\[email protected]\n\n\n\n\n \nAbout TMT Investments\n \nTMT Investments PLC invests in high-growth, internet-based companies across a variety of sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has raised USD28m and invested in 25 companies to date. The company's objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRAMMBTMBMJBLJ\n ","length":4385,"tagName":"div"}]