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.
Quadriga reinvests in the business and retains a minority stake, alongside the company's management team
Entrepreneur Franvisco Fernandez, the founder of banking platform Avaloq, leads the round
It plans to back 20 companies, offering equity cheques of up to €40m across the life of an investment
This is the second investment made by Nobel Capital via its recently raised €40m fund