GSV Capital Announces Series of Investments in Leading VC Backed Companies
November 28 2011 - 5:30AM
GSV Capital Corp., "GSV", (Nasdaq:GSVC) today announced additions
to the investments it has completed since September 30th. GSV has
recently increased its holdings in Facebook, Inc., adding 125,000
shares for a total of 350,000 shares or 14.3% of the Net Asset
Value of the fund. The Company also increased its holdings in
Twitter, Inc., adding 330,000 shares for a total of 735,600 shares
or 16.6% of the Net Asset Value of the fund. GSV has also
acquired shares in a group of venture capital backed private
companies, including ZocDoc, Inc., Grockit, Inc., The Echo System
Corp. and Control 4, Inc. Since going public in April 2011, GSV has
invested $62 million in a total of 18 VC backed private companies.
"We are particularly excited about the recent round of new
investments because they represent both high-profile and
sought-after social media companies as well as what we believe are
the up and coming venture-backed companies that are innovating in
their respective industries. The rate and pace of GSV's
investments reflect the power of our network to source deals at
attractive terms," said Michael T. Moe, GSV Capital's CEO and CIO.
"The GSV portfolio has honed in on megatrends that are transforming
how people communicate and connect all over the world and the fund
offers investors the unique ability to tap into the value-creation
of these private companies in a publicly traded, liquid
security."
Investment Details:
Since the end of the quarter ended September 30, 2011, GSV made
new investments in a number of companies, including:
- ZocDoc, Inc., a free online service for
patients to find and schedule doctor and dentist
appointments. ZocDoc's investors include Khosla Ventures,
Bezos Expeditions, DST Global, Founders Fund, Goldman Sachs, and
Marc Benioff, Chairman and CEO of Salesforce.com.
- Grockit, Inc., a leading social learning game
provider. Grockit's investors include Benchmark Capital, Atlas
Venture and Integral Capital Partners.
- The Echo Systems Corp., a social analytics and
engagement platform that enables brands to extract insights from
website visitors, reward their most influential customers and drive
more revenue per user.
- Control 4, Inc., a leading provider of the
operating system for the smart home. Control4 investors
include Foundation Capital and Cisco.
The investments completed since September 30th represent
approximately $21 million in investments and 30% of GSV Capital's
Net Asset Value.
About GSV Capital Corp.
GSV Capital Corp. (Nasdaq:GSVC) is a publicly traded investment
fund that seeks to invest in high-growth, venture-backed private
companies. Led by industry veteran Michael Moe, the fund's strategy
is to provide investors with access to the type of pre-IPO
investments that have historically only been available to angel
investors and venture capitalists. GSVC's current portfolio
provides access to leading, high-growth private companies such as
Twitter, Facebook, Chegg, GILT Groupe and Zynga. GSV Capital is
headquartered in Woodside, CA.
The GSV Capital Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9556
Forwarding-Looking Statements
Statements included herein may constitute "forward-looking
statements," which relate to future events or our future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our filings with the Securities and Exchange Commission. GSV
Capital Corp. undertakes no duty to update any forward-looking
statements made herein.
CONTACT: Media:
Kim Hughes
(415) 516-6187
kim@blueshirtgroup.com
Investors:
Alex Wellins
(415) 217-5861
alex@blueshirtgroup.com
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