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December 19, 2006
Baltic e-purchasing Startup Financed For Growth By ex-Skypers
Ambient Sound Investments, the Estonian investment vehicle established by the four of Skype's founding engineers, is having no trouble finding fast growing technology ventures to invest in. Its latest deal is a €2M investment in MarkIT, an Estonian online purchasing application developer, which raised the capital to finance further product development and to expand into five new Central and Eastern European markets over the next year and a half.
MarkIT claims 10,000 large and medium sized companies in the Baltic region. Its turnover this year is on track for €18M, up more than three times last year's sales, the firm said in a statement.
Read - Press Release
Posted on December 19, 2006 01:00 PM | Posted to News And Updates | Permalink
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