BreakingViews, an Internet start-up that provides real-time commentary on financial news has raised £4 million through a private placement to investors including The Wall Street Journal, Downing Classic Venture Capital Trust and Pino Venture Partners through its fund Kiwi II.
This transaction will accelerate BreakingViews ability to become the most recognised name in the provision of online commentary for breaking financial news stories. It has also been announced that The Wall Street Journal Europe will include an exclusive daily column provided by BreakingViews, beginning in the summer
ARC Associates, a specialist investment banking and advisory firm to the TMT, financial services and property sectors, acted as a financial advisor to BreakingViews in this transaction.
BreakingViews was founded by Hugo Dixon and Jonathan Ford who both worked for the Financial Times' Lex column. Hugo Dixon was the Head of The Lex Column for five years and spent a total of 13 years at the publication. Jonathan Ford joined the FT in 1997 and since 1999 he was a Lex columnist.
Hugo Dixon, Founder of BreakingViews, comments, "The investment will help us to become a leading player in the dissemination of financial news to the capital markets. We are particularly excited to be providing a daily column to the Wall Street Journal Europe, which is a strong endorsement from an authoritative and renowned publication. The support and advice during this fundraising period provided by ARC Associates has been invaluable."
ARC Associates is a specialist investment banking and advisory firm to the telecommunications, media, technology, financial services and property sectors.
Contact:
John Allen, Chairman
ARC Associates
+ 44 (0) 20 7614 4000