Euroventures Venture Capital Fund Manager is putting almost HUF 200 million into Live Info, an online video network, Live Info told MTI on Friday. Live Info has established a unified sales distribution network which provides licensed video content to news websites. At present, it is a partner with twelve publishers and 33 news portals. Its network generates 700,000 video views a month on average. Live Info managing director András Pásztor said the capital injection would support the company’s goal to become regional market leader in the segment in 3-5 years. The HUF 7.1 billion Euroventures IV Fund, which is supported by a contribution from the Swiss-Hungarian Cooperation Programme, invests in Hungarian SMEs. The ten-year fund matures at the end of 2013.
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