July 25, 2008

Bambuser gets 15 MSEK at 62.5 MSEK post-money valuation

The VC part of Norwegian group Kistefors has invested (up to) 15 million SEK in Swedish video broadcasting service Bambuser at a healthy post-money valuation of 62.5 million SEK. Congrats to the Bambuser team!

Press release.

Note: My understanding is that the investment will give Kistefos 24 % of Bambuser, not about a third which among others Beta Alfa writes. The share of ownership should be calculated by dividing the investment with the post-money valuation (post-money valuation equals the pre-money valuation plus the invested capital) and not by dividing the investment with the pre-money valuation.

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