LX Ventures acquires venture-backed Strutta.com Media
LX Ventures (TSX Venture: LXV), a Vancouver-based accelerator that acquires, integrates and accelerates high-growth technology companies, has agreed to buy Strutta.com Media Inc, a social media platform that enables brands to create, launch and manage online campaigns. Under the terms of the agreement, LX Ventures will issue 4,687,500 common shares and pay around $525,000 to complete the deal. An additional 9,375,000 shares will be issued as certain revenue milestones are met. The Vancouver-based Strutta has been a portfolio company of Working Opportunity Fund, a venture capital fund managed by GrowthWorks, since 2007.
12 December 2013•3 mins read
