Shamrock Capital buys stake in INgrooves

Shamrock Capital Growth Fund II, a California-based, media-focussed private equity firm, has invested significant growth capital in INgrooves, a digital media company in San Francisco. Shamrock now joins Universal Music Group as a minority shareholder in the company. INgrooves will use the money to expand into “ancillary media verticals” such as eBooks. The financial details were not disclosed.

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