US-based venture capital firm Bain Capital Ventures has bought out the stake in Estonia-based Java software developer ZeroTurnaround held by Estonia-based software development company Webmedia Group, as well as holdings held by minority shareholders. Terms were undisclosed.

Founded in 2007 as a spin-off from a Webmedia development team, ZeroTurnaround became an independent company in 2009. The Estonian financial newspaper Äripäev reported the size of the stake obtained by Bain as 47.5%.

The move comes as ZeroTurnaround continues to grow, with…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?