In this paper we will summarize the recent business deal in which Index Ventures announced they would invest USD 80 million in Adconian Media. Acdonian is an online advertisement provider based in London with several offices beyond the United Kingdom.
This deal will help Adconian to increase its global value. Adconian Media Group’s current business deal was disclosed in February 2008. Index Ventures, a premier venture capital company in Europe, invested USD 80 million in Adconian, joining previously-existing investor Wellington Partners.
The co-founder of Index Ventures, Mr Giuseppe Zocco, will join Adconion Media Group’s Board of Directors. This is the first investment by Index Ventures in which money will come out of the company’s growth fund. Adconian Media will use the capital to expand its business in Asia, Europe, and America.
This investment will be marked as the biggest online media venture ever in Europe. Index Ventures specializes in the area of technology venture investment. It has been a leading venture capital organization in Europe for many years. Index Ventures has branches in New Jersey, London, and Geneva.
Wellington Partners is one of the most respected venture capital companies in Europe. It has offices in Zürich, Munich, and London.
Adconian Media Group, previously known as EuroClick, is one of the fastest-growing online advertising networks in the world. It provides online advertisements designed to minimize the costs of the advertisers.
This deal will consolidate Adconian’s position as an independent online advertising network. Index Ventures’ experience as an investor will help Adconian to secure their global presence quickly.