Wednesday, May 23, 2007

How's this for an exit - Zanox - without VC funding

From alarm:clock euro:

"Affiliate marketing startup Zanox, has been acquired by Swiss PubliGroupe and German media company Axel Springer for €214.9M plus an additional undisclosed performance related payment. It took less than a year for Zanox, which grew into a hundred million a year company within six years and without the aid of VC, although it did raise an undisclosed single digit million euro amount from unnamed Asian private investor in 2005, to be acquired after making sure the business press knew it was looking for a buyer."

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