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Digital media investment firm hires AOL exec

Velocity Interactive hires Jorge Espinel, most recently leader of AOL's corporate strategy, mergers, and acquisitions work.

Velocity Interactive Group, an investment firm that concentrates on the digital media sector, has hired Jorge Espinel as an investment partner for activities in digital publishing, digital video, social media, games, and online advertising.

Espinel most recently led AOL's corporate strategy, mergers, and acquisitions work, where he oversaw acquisition of companies including Tacoda, Third Screen Media, AdTech, Truveo, Userplane, and Advertising.com, Velocity said.