Active gives Oooferton €500,000 cash boost
Active Venture Partners has invested €500,000 in online sales website Oooferton in exchange for a minority stake in the business.
Investing via its Active Venture II fund, the venture capital firm retains the option to increase its stake to up to 33%.
Oooferton was founded in 2009 by Luis Krug, ex-operations director of BuyVip, the online sales club recently sold to Amazon.com by its private equity backers.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
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