Kennet invests €6.5 million in GoViral

Copenhagen-based video advertising company GoViral has secured €6.5 million from technology growth investors Kennet Partners.

Copenhagen-based video advertising company GoViral has secured €6.5 million from technology growth investors Kennet Partners.

Jimmy Maymann, CEO of GoViral, says: ‘GoViral already has a strong position within the digital advertising space, and this investment positions us well to scale the business to respond to the opportunity.’

Kennet has over $500 million under management, its investment in the 50 person-strong advertising company is its fourth one so far this year. Michael Elias, managing director of Kennet, adds: ‘We are excited about the prospects for GoViral. It is an established business, fast-growing and profitable, with a global market opportunity.’

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary... More by Nick Britton