StockMarketWire.com - TMT Investments, which invests in high-growth internet-based companies across a variety of sectors, has announced that its portfolio company, Wanelo, recently completed the initial closing of an equity financing round led by a number of prominent investors.
After the new equity financing is completed, TMT will hold approximately 4.71% of Wanelo's fully-diluted equity capital.
The transaction implies an approximately $5m uplift in the fair value of TMT's investment in Wanelo, compared to the latest reported amount at the end of last year.
At 12:27pm: [LON:TMT] TMT Group share price was +0.01p at 1.75p
Story provided by StockMarketWire.com
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