Alven Capital has led a $16m series-B funding round for Milan-based Freeda Media, which produces content aimed at millennial women, distributed on social platforms such as Facebook and Instagram.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin