News
Xevin Investments recently sold shares in an interactive agency, Autentika
Venture capital fund Xevin Investments specializing in new technologies has exited from one of its investments.
– The fund supported for nearly 2 years the company in strategic operations, including investments in internet projects, establishing long-lasting relationships with clients and acquiring European funding – says Marek Rusiecki, one of joint owners of Xevin Investments. – Because of consequent realization of guidelines, in very short time frame we achieved all of our expected objectives. We are satisfied with return on investment.
Autentika achieved a great success on the market. Firstly it extended its business profile. Secondly it made advanced preparation to launch admatic.pl – a tool specifically designed for the automatic publication of ads on the internet, allowing users to choose partners directly. Last but not least it gained financing from the European Union funds.
– Cooperation with Xevin Investments allowed us to make safer investments in agencies, but above all provided quality advisory based on fund founders experience – says Michał Samojlik founder of Autentika. – the agency is in good condition, it is planning new ventures and has good growth opportunities. After Xevin Investments’ exit from the investment, I can say with certainty that cooperating with the fund was very successful.
The decision to exit the investment was a natural consequence of an agreement made 2 years ago. Both parties decided that the best solution for further growth of Autentika’s projects would be management buyout with appropriate return for the fund. Now the company is in 100% managed by founder Michał Samojlik, who takes full responsibility for the company’s growth and future strategy.
– Autentika is our first exit from an investment. We achieved effects that satisfying both parties. While investing in projects in early stage we engage both intellectual and financial capital, to build and develop good operating companies, that are able to operate on the polish market themselves, and also provide services globally – says Krzysztof Golonka, President of the Management Board, about Xevin Investments goals.
One of Xevin’s newest investments is confirmation that Xevin Investments continues to operate very successfully within its guidelines. In November 2009 the fund bought shares in Red Sky.