Innovion Exit

Turn Inc.

Acquired by Amobee - April 2017

We made our initial investment in advertising technology company Turn in 2013. In February the company announced it was being acquired by Amobee, a subsidary of Singtel, one of the largest mobile network operators in Singapore. In late May 2017, the Fund received approximately $13.5 million in cash proceeds from the sale and may receive additional consideration at a later date if certain conditions are met.

Exit History

  • Year founded: 2004
  • SVVC initial investment: 2013
  • Acquisition date: 4/10/17
  • SVVC exit: May 2017
  • Realized loss: $2.1M*
  • Return on investment: -13.40%*

*The Fund may receive additional consideration, which could effect these figures.