TMCnet News
Elit Teknoloji Hizmetleri Internet (eCift.com) secures $4 million investmentDec 02, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- Elit Teknoloji Hizmetleri Internet A.S., a Turkey-based dating website, has secured EUR3 million investment from 3TS Capital Partners and Istanbul Venture Capital Initiative (iVCi). As a result of this investment, 3TS secured a minority stake in eCift.com, investing via the Technology in Central and Eastern Europe Fund S.C.A SICAR vehicle. Deal Value (US$ Million) 4 Deal Type Venture Finance Sub-Category None Deal Status Completed: 2011-12-01 Deal Participants Target (Company) Elit Teknoloji Hizmetleri Internet A.S. Deal Rationale Elit Teknoloji Hizmetleri Internet will use the funds to accelerate further business development and enable it to offer its services outside of Turkey. |