MXP Ventures Announces $ 10 Million Venture Capital Fund to Power Next Generation of Start-Up Agencies
Posted: October 4, 2021 at 9:00 a.m. MDT|Update: 10 hours ago
SAN FRANCISCO and BERLIN, October 4, 2021 / PRNewswire / – MXP Ventures today announced the creation of a 10 million dollars venture capital funds to invest in new agency startups on a global scale. The fund will focus on the creation and rapid development of new agencies across the spectrum of marketing services.
MXP Ventures is a joint venture between agency entrepreneurs Tilo Bonow, founder and CEO of Berlinbased on PIABO, and young michael, founder of Millwright Holdings. MXP Ventures to Provide Seed Investments and Growth Capital to Founders at the Intersection of Data Driven Technology and Public Relations, Marketing, Social Media, Content, Digital, Paid Media and Communications influence.
“We are the first to adopt the incubator and enterprise model and apply it to the agency sector,” said Tilo Bonow, general partner of MXP Ventures. “We are agency founders who invest in other agency founders. We want to help those who are trying to change the world through innovative thinking. We are ideally placed to help grow their business quickly with our experienced team. “
“The past 18 months have ushered in a new golden age for independent agencies and the incubator / business model aligns with our belief that the future belongs to fiercely independent agencies,” said young michael, general partner of MXP Ventures. “There are a lot of high profile people who want to set up an agency but just need the right kind of support. MXP will arm the rebels to start a revolution.”
MXP Ventures provides:
- Funding to set up agency concepts
- A global management team and a network of agencies
- Turnkey staffing and new business opportunities
- Full back office support for HR, finance, IT
- Transfer of expertise / knowledge and mentoring
- Immediate salary, bonus, incentive and participation in the capital
About MXP Ventures
MXP is the global incubator, venture capital fund and investor in public relations and marketing agencies. We work with agency founders looking to start and grow their own PR / marketing / digital agency. We invite agency professionals from all over the world to present their agency concepts. For more information, please visit mxp.ventures.
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SOURCE Millwright Holdings
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