The Mitula Group has launched the Mitula Group Investment Fund, an ecosystem built around its high-quality assets. The company will invest into new and early-stage businesses that can accelerate their own growth by having access to Mitula’s assets including the 75 million visits each month, its large database of listings, its historic search data, and the knowledge and skills of its team.
Gonzalo del Pozo, CEO and Managing Director of the Mitula Group, commented: “As we continue to drive our Closer to the Transaction Strategy, we have identified a wide range of opportunities that we could literally develop. We believe the most effective path to monetising these opportunities is in partnerships with entrepreneurs aligned to rapid and sustainable growth and operating with the Mitula Group ecosystem. Mitula is well placed to leverage our market leading assets, along with our experienced management team, to acquire stakes in valuable, high potential businesses and accelerate their growth and development.”
The company has seeded the fund with AUD 4.0 million and will use these funds to invest in innovative start-ups that are aligned to Mitula’s ‘Closer to the Transaction Strategy’. The fund aims to take stakes of 20-30% in the companies it invests in and will hold a portfolio of 5 to 10 investments at any given moment.
The fund will report to the Board and will be overseen by Mitula Group Non-Executive Director, Gonzalo Ortiz, who has extensive experience in early-stage digital company acceleration and is a Director of the Spanish based Onza Investment Fund (a venture capital firm focused on key platforms online).
Simon Baker, the Chairman of the Mitula Group, observed that “as you get closer to the transaction, the business opportunities dramatically increase. Instead of just focusing on a few of these opportunities internally, the Company has decided to also work with a wide range of partners around the world to get the most from its assets. We believe that this portfolio approach will be the best way to identify the high-value business opportunities we can build around our platform.”
The Mitula Group Investment Fund is currently open for applications, and the Group is gearing up for a global awareness campaign in the near future, to attract potential partners. Interested companies can send applications to [email protected]
