TMT Investments PLC Wrike, Inc. - New equity financing (4793P)
October 02 2013 - 2:00AM
UK Regulatory
TIDMTMT
RNS Number : 4793P
TMT Investments PLC
02 October 2013
2 October 2013
TMT INVESTMENTS PLC
("TMT" or the "Company")
Wrike, Inc. - New equity financing
TMT 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.
As a result, TMT now holds approximately 4.5% of Wrike's
fully-diluted equity capital.
The 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.
Alexander 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".
Wrike (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.
For further information contact:
TMT Investments Plc +44 1534 281 843
Mr. Alexander Selegenev alexander.selegenev@tmtinvestments.com
www.tmtinvestments.com
ZAI Corporate Finance
Ltd.
NOMAD and Broker
Marc Cramsie/Irina Lomova +44 20 7060 2220
Kinlan Communications Tel. +44 20 7638 3435
David Hothersall davidh@kinlan.net
About TMT Investments
TMT 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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