Wednesday, October 10, 2012
Latest New World Ventures Firm On IPO Track
IO Data Centers, The newest portfolio company of New World Ventures, the venture investment arm of The Pritzker Group--which has been one of the most active local investors in Los Angeles in recent months--is already on track to an IPO, according to a report. FORTUNE said that IO Data Centers, which recently raised $90M (with $50M from New World Ventures) is hoping to be listed publicly by 2013, according to IO's CEO. The investment in IO is apparently the largest, ever investment by New World Ventures in a company.