Venture capital firm MMC has invested £1.8 million in the finance media company Interactive Investor, acquiring a significant minority stake in the business.

Venture capital firm MMC has invested £1.8 million in the finance media company Interactive Investor, acquiring a significant minority stake in the business.

Tomas Carruthers, CEO of Interactive Investor comments: ‘We are now well positioned to up the pace of our development, to ensure we can continue to respond to private investor requirements by offering enhanced web services and an increased range of mobile applications to further grow our customer base.’

Investment firm GP Bullhound advised Interactive Investor on the transaction and also committed an undisclosed sum to the company from its GP Bullhound Sidecar fund.

Founded in 1995, London-based Interactive Investor provides financial services and investment advice through its websites Interactive Investor and Share Price, and its magazine titles Moneywise and Money Observer. The company employs 81 staff and has a turnover of around £14 million.

London-based MMC Ventures was founded in 2000 and invests in fast-growing UK companies. The firm currently has £78 million in funds under management.