Prolific Russian PE investment firm Runa Capital has provisioned a USD 5 mln funding for domestic social education network company Dnevnik.ru. The news was disclosed at the May 29 DLD Moscow event. The funding will allow the online school service to continue to offer its suite of services for free to its vast network of educational professionals.
Dnevnik.ru was launched as a service in September 2009 in St. Petersburg, but the project was originally sanctioned as far back as 2007. Since then the company has won several accolades while gathering a huge pool of customers that form its extensive network. Currently holding fort with more than 19,000 schools and well over 2 million children across Russia, the platform allows a meeting point online for parents, school teachers and students, similar to a social network, but focused on all matters related to education. The site also features state-of-the-art security systems for its users’ data in compliance with K2-152 Russian federal standards. With full support from the government and educational authorities, Dnevnik is now Russia’s largest educational network. Previous investors for the project include Prostor Capital, which provided a USD 1.7 mln funding in 2011.