SGECR backs Media For Future
Gestión de Capital Riesgo del País Vasco has provided an equity and subordinated debt package worth €436,000 in exchange for a 20% stake in Basque online interactive content producer Media For Future.
The investment was made via Ekintzaile XXI, a €5m fund launched in 2002 to fund startup projects in the Basque region. The fund makes investments of between €100,000 and €500,000.
Company
Based in Bilbao, M4F produces and maintains multimedia through various online channels in multiple languages and across the principal content management systems. The company has developed a business area to encourage firms to develop creative innovation. M4F employs 90 members of staff and has a €2.8m turnover.
People
Jorge Aranzabe is finance director at Gestión de Capital Riesgo del País Vasco.
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