Online Marketer avVenta Secures $20M Backing For Digital Production, Acquisitions


imageDigital production and online marketing company avVenta Worldwide has received a large $20 million strategic investment by an affiliate of PE firm TZP Group. The three-year-old Charleston, S.C. company says the investment, its first funding, will be used for general expansion efforts, such as building new production centers in the U.S. and Europe. And aside from helping it through an uncertain economy, avVenta also plans to use the proceeds to acquire related digital marketing companies over the next few months as well. Gridley & Company served as avVenta

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