Marco Polo ends its trip.(Spanish firm Marco Polo Investments shuts its doors)(Brief article)

From: Daily Variety | Date: August 11, 2006| Author: | Copyright information

Spanish venture capital firm Marco Polo Investments, launched six years ago to take equity stakes in media, telco or high-tech sectors, will shutter in September.

The closure was announced Wednesday in Spain's Commercial Registry, a state-backed record of corporate activity.

Marco Polo was launched at the height of the tech bubble with startup capital of 100 million [euro] ($129 million). The implosion of high-tech values is the main reason for its failure.

In 2001, Marco Polo Investment teamed with Universal Pictures and Santiago Pozo's marketing firm Arenas Group to ...

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