- TMT Investments, which invests in high-growth, internet-based companies across a variety of sectors, has completed an additional investment in Pipedrive.

Incorporated in Delaware and headquartered in California, Pipedrive has developed powerful online sales management software aimed at businesspeople who want to actively drive their sales process and spend less time on administration. TMT's original investment in Pipedrive was completed laat year and consisted of a $325,000 unsecured convertible promissory note.

Its new investment consists of a $450,000 unsecured convertible promissory note.

Alexander Selegenev, executive director of TMT Investments, commented: "In the past year, Pipedrive has demonstrated exciting growth, in terms of both operating and financial results. We believe the company and its team have all the potential to maintain these growth rates and therefore are pleased to participate in Pipedrive's latest financing round."

At 11:58am: [LON:TMT] TMT Group share price was +0.01p at 1.69p

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