Investments
8Portfolio Exits
2Funds
1Latest Oresa Ventures News
Dec 9, 2020
09 December 2020 Romania's Competition Council approved the transaction through which the marketplace operator OLX Group, owned by South-African giant Naspers, will take over Romanian loan broker Kiwi Finance from Swedish investment fund Oresa Ventures. OLX BV group owns in Romania the marketplace OLX, focusing on individuals so far, the leading car ad marketplace Autovit.ro, and the premium real estate ad platform Storia.ro. Kiwi Finance is the largest credit broker in Romania. The transaction was scheduled to be completed by the end of the year, Profit.ro reported. OLX Group becomes the sole shareholder of the company, and the credit broker's management will remain in office. Anca Bidian will maintain her CEO position at Kiwi Finance. The credit brokerage company Kiwi Finance was founded in 2003. It ended 2019 with a turnover of RON 21 million (EUR 4.5 mln), 27% higher than in the previous year, and a volume of intermediated loans amounting to RON 950 mln (EUR 195 mln), 30% higher than in 2018. OLX Group is the classifieds division of Naspers, with 17 global and local brands such as OLX, Storia, Autovit.ro, Otomoto, Dubizzle, Avito, Shedd, or Tradus. In total, OLX Group platforms generate over 54 million new ads a month, over 1.9 billion visits.
Oresa Ventures Investments
8 Investments
Oresa Ventures has made 8 investments. Their latest investment was in Medinsite as part of their Series B on June 6, 2002.
Oresa Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/1/2002 | Series B | Medinsite | No | Undisclosed Angel Investors, and Undisclosed Investors | 1 | |
6/26/2001 | Angel | |||||
8/25/2000 | Series A | |||||
5/2/1998 | Unattributed | |||||
Other Investors |
Date | 6/1/2002 | 6/26/2001 | 8/25/2000 | 5/2/1998 | |
|---|---|---|---|---|---|
Round | Series B | Angel | Series A | Unattributed | Other Investors |
Company | Medinsite | ||||
Amount | |||||
New? | No | ||||
Co-Investors | Undisclosed Angel Investors, and Undisclosed Investors | ||||
Sources | 1 |
Oresa Ventures Portfolio Exits
2 Portfolio Exits
Oresa Ventures has 2 portfolio exits. Their latest portfolio exit was Somaco on July 15, 2019.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/15/2019 | Shareholder Liquidity | Somaco | 1 | ||
Date | 7/15/2019 | |
|---|---|---|
Exit | Shareholder Liquidity | |
Companies | Somaco | |
Valuation | ||
Acquirer | ||
Sources | 1 |
Oresa Ventures Acquisitions
1 Acquisition
Oresa Ventures acquired 1 company. Their latest acquisition was Librus on April 11, 2011.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/11/2011 | Acq - Fin | 1 |
Date | 4/11/2011 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - Fin |
Sources | 1 |
Oresa Ventures Fund History
1 Fund History
Oresa Ventures has 1 fund, including Oresa Ventures I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/31/1997 | Oresa Ventures I | Early-Stage Venture Capital | Closed | $65M | 1 |
Closing Date | 12/31/1997 |
|---|---|
Fund | Oresa Ventures I |
Fund Type | Early-Stage Venture Capital |
Status | Closed |
Amount | $65M |
Sources | 1 |
Oresa Ventures Team
2 Team Members
Oresa Ventures has 2 team members, including current Chief Executive Officer, Erik Hallgren.
Name | Work History | Title | Status |
|---|---|---|---|
Erik Hallgren | Chief Executive Officer | Current | |
Name | Erik Hallgren | |
|---|---|---|
Work History | ||
Title | Chief Executive Officer | |
Status | Current |
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