PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Sitoa Global receives investment from private equity firm Ingenium Capital

Sitoa Global, an e-commerce solutions and service provider, has secured an investment from Ingenium Capital, a European based private equity firm.



The funds will be used to continue the company’s expansion into the growing social e-commerce segment.

Ingenium Capital invested USD500,000 in a private placement at a price of USD0.15 per share and has an option to invest an additional USD300,000 at a price of USD0.30 per share.

"Given the recent public company offerings in social media and specialised Software as a Service, we believe that now is an appropriate time to raise expansion capital and we welcome this investment from Ingenium Capital," says George Yu, Sitoa’s president and chief executive.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured

Blackstone Private Equity