Dada Entertainment

About The Fund

Dada Entertainment, a subsidiary of Dada S.p.A. in the US, operates in the field of ubiquitous personalization and entertainment services. Since its formation in October 2007, the company has made a name for itself in the U.S. market as a provider of ringtones and DRM-free full-length MP3s for both mobile and PC platforms, with payment options through mobile phones. As a part of the digital solutions provider team.blue, Dada Entertainment focuses on Community and Entertainment services that are accessible via web and mobile. They also offer Domain, Hosting, and advanced online Advertising solutions. With more than 600 skilled professionals across offices in Florence, Milan, Bergamo, New York, Barcelona, Paris, London, Worcester, and Rio Janeiro, the firm leverages global expertise. Dada S.p.A. is an international leader in these domains and is publicly listed on the MTA market in the STAR segment of the Italian Stock Exchange as DA.MI. Its largest shareholder is RCS MediaGroup, holding about 49.5% of the capital. Dada is divided into two primary business areas: Dada.net, focusing on community and entertainment services with an emphasis on music, and Dada.pro, which provides professional services and advertising on the Internet. Noteworthy in their history is a strategic agreement signed on June 24, 2009, with Sony Music, which acquired a 13% stake in Dada.net. This move illustrates their commitment to forging significant partnerships within the industry. Their investment interest lies within a specific range, with a minimum and maximum investment size set at $24,000,000, indicating a focus on substantial Acquisition projects.