Growth capital investor 3TS Capital Partners has invested an undisclosed sum in InternetCorp, a Romanian-based independent online media company.
Established in 2005, InternetCorp has a 10% market share of the Romanian online advertising market. The company has a portfolio of 14 websites including wall-street.ro, kudika.ro and 9am.ro.
Partner at 3TS Capital Partners, József Kövér said: “InternetCorp is a great complement to the existing portfolio of the 3TS Cisco Growth Fund, given the fund’s focus on small and medium-sized technology, media and communications companies across the CEE region. Romania is the second largest CEE EU member country, where the development of internet usage shows a fast growing trend. We are confident that through our investment we can help InternetCorp continue on its growth trajectory.”
With offices in Budapest, Bucharest, Prague, Vienna and Warsaw, 3TS targets sectors including consumer services, media and marketing, technology and telecoms and energy and environment. Investors in 3TS inlcude 3i, Cisco, Sitra, EBRD and KfW.