GSV Capital Corp. invested $6,587,500 into Facebook as it acquired 225,000 shares in the social networking company at an average price of $29.28 for each share. The investment represents about 15% of GSV Capital's total portfolio. The purchase was subject to closing conditions that include a 30-day Right of First Refusal expiration.
GSV is an investment fund that gives individual investors access to high growth, venture backed private companies. Acting as a business development company, GSV aims to identify and invest in the topmost venture capital backed private companies in the marketplace, and is currently in the final stages of other private company investments.