InternetCorp, a Romanian independent online media company, has received a minority investment from 3TS Cisco Growth Fund, the venture capital vehicle managed by Central and Eastern Europe investor 3TS Capital Partners.
InternetCorp has a strong presence in the Business Publishing, Women’s Lifestyle and General News segments. Established in 2005, the company showed significant growth during the last three years.
According to an official statement, with more than 2m unique visitors per month to its websites, InternetCorp already has a market share of more than 10% of the Romanian online advertising market
Commenting on the deal, Mr. József Kövér, Partner of 3TS Capital Partners, said: “We are confident that through our investment we can help InternetCorp continue on its growth trajectory”.