Audinate Group Limited (ASX:AD8) has been informed that venture capital funds that were early shareholders in the Company, managed by Starfish Ventures and Innovation Capital, successfully sold 21,502,174 shares (representing 34.7% of the Company’s ordinary share capital). These shares were primarily sold to a range of existing and new institutional investors overnight.
The funds managed by Starfish Ventures and Innovation Capital participated in a series of funding rounds in Audinate between 2007 - 2010 and have supported the Company extensively since this time including through the IPO process. Audinate would like to thank these shareholders for their valuable contribution to the Company’s development and welcomes several new shareholders to the register at what is an exciting stage of the Company’s growth.
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