Index invests in Bestofmedia

Index Ventures has invested EUR22.5m in Bestofmedia, an online media publishing company based in Puteaux near Paris. The investment is technically a first round of financing, although the company previously received EUR2m in equity from Edmond de Rothschild Investment Partners (EdRIP) in an acquisition financing deal so that it could purchase competitor Tom's Hardware Guide.

The company, founded in 2000 by Alfred Vericel, now operates around 20 websites dedicated to providing information, advice and reviews to consumers about IT, video games and audio-visual equipment.

Expansion deals had a strong showing this month with Turenne Capital completing investments in Groupe SCM, Capsule Technology, Climadiff and Lucy Surf. (Page 31)

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