Frontier Digital Ventures completed the acquisition of Avito, Tayara and Fincaraíz from Adevinta.

Frontier Digital Ventures, a venture capital firm, completed the acquisition of Avito in Morocco, Tayara in Tunisia and Fincaraíz in Colombia, three digital marketplaces, from Adevinta, a global online classifieds specialist, operating digital marketplaces. Financial terms were not disclosed. “These divestments represent another important milestone in the optimisation of our portfolio. We are proud of how our teams in Morocco, Tunisia and Colombia have developed leading market positions by providing quality products and services to their users and customers," Rolv Erik Ryssdal, Adevinta CEO.