Remgro's Invenfin corporate venturing unit will help Ad Dynamo with its international expansion having previously provided the seed round, according to news provider Memeburn.
South Africa-based tobacco conglomerate Remgro has reportedly invested about R15m ($2.1m) in local online and mobile advertising network Ad Dynamo.
Remgro’s Invenfin corporate venturing unit will help Ad Dynamo with its international expansion having previously provided the seed round, according to news provider Memeburn.
The news provider said Remgro’s other investment company Reinet Fund stopped another South African start-up, FireID after it had received R48m.
