- TMT Investments said its portfolio company Depositphotos Inc has completed a USD5m equity financing round, led by the venture capital arm of the European Bank for Reconstruction and Development (EBRD).

As part of the transaction, TMT invested an additional USD1m in Depositphotos.

The transaction represents an approximately USD8.12m (or 163%) uplift in the fair value of TMT's investment in Depositphotos, compared to the latest announced amount as of 30 June 2015, and is equivalent to 29 cents in additional net asset value per TMT share.

At 9:46am: [LON:TMT] TMT Investments share price was +0.12p at 1.89p

Story provided by