Brief: Digital Magics, Tinexta Sign JV Agreement For Investments In Startups

Tinexta SpA

19/07/2023 17:06

July 19 (Reuters) - Digital Magics SpA  DMG.MI :
    * SIGNS 50/50 JOINT VENTURE AGREEMENT WITH TINEXTA FOR
INVESTMENTS
IN STARTUPS
    * FUNDING REQUIRED FOR INITIATIVE WILL BE PROVIDED BY
TINEXTA
THROUGH EQUITY FINANCIAL INSTRUMENTS
    * JV TO HAVE DURATION OF 10 YEARS, WITH INVESTMENT PERIOD OF
5
YEARS
    * JV WILL MAKE AROUND 10 EQUITY INVESTMENTS, WITH AVERAGE
TICKET
SIZE OF EUR 250,000
    * POSSIBILITY OF FOLLOW-ON INVESTMENTS FOR TOTAL OF EUR 5
MILLION

Further company coverage:  DMG.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;; +48587720920; ;))