Abstract:
On 21st February 2008, FamilyBuilder announced it's most recent business deal. This announcement revealed that FamilyBuilder has received significant investment from DN Capital, a London Based Venture Capital Firm.
FamilyBuilder Business Deals refer to the business deals made by FamilyBuilder. Here, by business deals we mean all kinds of deals including merger deals, acquisition deals, IPO (Initial Public Offering) deals and huge investment deals.
In this respect, we can say, that the most recent business deal of FamilyBuilder was announced on 21st February 2008. Through this announcement, it has been informed that, FamilyBuilder has received huge investment from DN Capital.
Profile of DN Capital
DN Capital is a venture capital firm based in London.
This venture capital organization invests in digital media companies, which target wireless sectors and Internet.DN Capital has brought many US companies in Europe through their investment deals and has also helped many European companies to expand their operations in USA.
Details of the Deal
Through this business deal, London based DN Capital, invested huge sum in New York based FamilyBuilder. It has been decided, that after completion of the deal, Steve Schlenker, partner of DN capital will join the Board of Directors of FamilyBuilder.
The funding received through this investment deal will be used for creating more social networking sites and for offering value added services to the registered customers. In this respect, Ilya Nikolayev, CEO of FamilyBuilder opined that, the company would utilize the funds in offering new exciting services to the customers so that they can clearly differentiate FamilyBuilder from the other leading companies of the genealogy sector. On the other hand, Steve Schlenker, partner of DN Capital stated that, before this investment deal, DN Capital has made similar investments in the social networking companies like Tickle and PlanetAll. He hoped that, after this investment deal, FamilyBuilder would introduce some new range of services, which will change the industry significantly.