report says founder of Rovio 42 million dollars in VC money

Source: Internet
Author: User
Keywords Investment founder reported pocketed
Tags beginning company development development company document financial financial position financial situation
At the beginning of May 2012, Finnish mobile gaming development company Rovio announced its financial position. May 21, the Dutch national Patent and Registration Board received the 2011 financial report submitted by Roivo. Some may think that the mobile gaming development company has already disclosed its financial situation before then, so the financial document should have no research value. However, according to the company's financing, there is a huge financial gap in the document.  At the beginning of March 2010, Rovio announced a 42 million dollar investment in Accel, Atomico Ventures and Felicis Ventures. 42 million dollars is about 32.85 million euros. Such a large sum of money did not appear in the Rovio2011 financial report.  This raises the question: Who moved the money? Why does Rovio think it is necessary to declare such an investment that does not actually exist? This huge investment has not appeared in the Rovio Ledger, and when new investors join, the money must be in the pockets of one or more Rovio owners. Atomico Ventures and Accel have acquired the right to take ownership of the $42 million trillion dollars announced. "This investment will be a development wing for Rovio," Niklas Zennström in a press release on the investment in March 2011. "According to the following February 2012 corporate ownership structure, this investment or acquired shares have been allocated to the company's new shareholders, each calculated: Kaj hed/trema analysys Holdings BV 69.7% Niklas Hed, 4.3% Peter Vesterbacka 3.1% Mikael Hed 0.6% Employees 1.3% Accel The calculated Atomico Invest calculated Felicis Ventures 1% Total: 100% There is a simple assumption: Kaj Hed, the owner of Trema Analysys Holdings Company, received some cash and sold 21% of its holdings to three venture capitalists, including Tomico Ventures, Accel and Felicis. Shares。  However, it is not yet known whether Kaj Hed sold his own shares or that other former owners were involved in selling shares. According to the financial documents submitted by Rovio, the company has only one € more than 700,000 financing in 2011 years. As a result, Rovio's annual financial report was released a few weeks ago to conceal a non-existent investment.  The money must have been hidden, but it's not in the Rovio's ledger. In response to this question, Rovio company did not respond positively, but through other channels to explain. Some people have explained that the investment did not appear in the documents submitted. Some say that this is an offshore company that can evade taxes when investors exit in the future, while another argument is that investors rarely call money to the companies they invest in at once.
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