Russian firm Mobile Direct has raised several million dollars in investment from Ru-Net II. The funds will be used to expand the startup’s market base. Exact figures for the transaction have not been released.
Mobile Direct (www.mobiledirect.ru)
Mobile Direct is one of the fastest-growing companies in Russia. Started in 2008, the company has expanded quickly to become a significant player in mobile Internet advertising. The company offers a large package of solutions geared towards individuals and companies that are interested in online advertising.
Ru-Net Holdings (www.ru-net.ru)
Ru-Net was established in 1999 by Russian investment professionals and a U.S. venture capital firm. The objective of the firm is to invest in information technology and Internet companies within the Russian market. Ru-Net’s strategy is to build a group of technology companies through the process of acquisitions and mergers. Its investee companies include online retailer Ozon.ru and search engine company Yandex.
Ru-Net II was established in 2007. Ru-Net II focuses on companies that feature context advertising and Internet advertising, helping automate their systems. The firm is the leader in Russian mobile Internet marketing systems and one of the worldwide leaders in online gaming and file-hosting.
23/12/2008
Central & Eastern Europe, Internet, E-Commerce & E-Services, Investment, Private Equity News, Russia, Telecoms & Media