3one4 Capital Partially Exits Kuku FM With 90% IRR

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SUMMARY

VC firm 3one4 Capital has announced that it has partially exited audio OTT soonicorn Kuku FM about a month after the startup closed its Series C funding round at $85 Mn

The partial exit generated an internal rate of return (IRR) of about 90% and also delivered a significant distributions to paid-in capital (DPI)

This marks the third exit for the VC firm this year. Prior to this, it completely exited ToneTag with 5-7X returns in June as well as raking in 58X returns from its complete…



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3one4 Capital Partially Exits Kuku FM With 90% IRR


SUMMARY

VC firm 3one4 Capital has announced that it has partially exited audio OTT soonicorn Kuku FM about a month after the startup closed its Series C funding round at $85 Mn

The partial exit generated an internal rate of return (IRR) of about 90% and also delivered a significant distributions to paid-in capital (DPI)

This marks the third exit for the VC firm this year. Prior to this, it completely exited ToneTag with 5-7X returns in June as well as raking in 58X returns from its complete…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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