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November 27, 2007
Hedgies Invest in Baltic and E European Job Seekers Site
The jobs market in Eastern Europe is booming we read in eetimes Europe (Disclosure: the title is now one your alarm:clock euro reporter freelances for). So it is interesting to note a deal that one of our readers, Jüri Kaljundi in Tallinn, drew to our attention this morning.
Startup CV Market, which serves jobseekers and selected recruiters in the Baltic and Eastern European countries, has sold a majority stake to a consortium of investors at a valuation of about €9M (consortium is paying 75 percent paid now with 25% in three years).
The investors are Digital Sky Technologies, Bexley International Investments Limited, and one of the Tiger Global Management funds, according to Kaljundi, who is a small shareholder in a rival online recruitment venture.
He points out that the largest share of sales come from Estonia, and also listed several other investments made by Tiger Global in the region.
A quick search of news sources reveals that both Digital Sky Technologies and Tiger have been active as a team in the past year in buying and selling shares in privately owned tech startups on this side of the Atlantic. For example, an exit here and here and a recent investment here.
Read - Jüri Kaljundi blog
Posted on November 27, 2007 06:19 AM | Posted to News And Updates | Permalink
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