Business
Wrike, Inc. - New equity financing
Wrike, Inc. - New equity financing.
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 4793P TMT Investments PLC 02 October 2013 \n\n2 October 2013\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nWrike, 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 its portfolio company Wrike, Inc. (\"Wrike\") has recently completed a new equity financing round led by Bain Capital Ventures.\n \nAs a result, TMT now holds approximately 4.5% of Wrike's fully-diluted equity capital. \n \nThe transaction represents an approximately US$990,000 uplift in the fair value of TMT's investment in Wrike, compared to the latest reported amount as of 30 June 2013.\n \nAlexander Selegenev, Executive Director of TMT, commented: \"We are delighted that Bain Capital Ventures has also identified Wrike's attractiveness and followed our initial investment of US$1m in June 2012. We look forward to continued growth at Wrike\".\n \nWrike (www.wrike.com) is a leading on-demand, online project management and collaboration software platform trusted by thousands of companies all over the globe. It provides teams with a powerful ability to collaborate on multiple projects in one workspace in real time. \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 26 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 STREAXEFEFSDFFF\...