Avenso Receives Investment from EQT
Summary
Burda Digital Ventures, the existing minority shareholder, will be bought out by Swedish investor EQT.In conjunction with the transaction, Dr. Rolf Hagemann, EQT Industrial Advisor will join the company’s Board of Directors.More than 1,400 works are available as original photographs in editions of 75 to 150 signed by the artist with 24 galleries worldwide (16 in Germany, the others located in international cities such as Vienna, Zurich, London, New York and Paris).The funds from the investment will be used to continue to develop the international presence of Avenso (which is already present in the US, UK, Switzerland, Austria, Spain, Italy, France and the Netherlands) as well as to expand its growing online activities.The company also plans to open new galleries and further strengthen the LUMAS and WhiteWall brands.