Russia’s Oktogo.ru website, an online portal for booking hotel reservations, has received an additional USD 5 million in its latest round of fundraising. Leading the round was European VC firm Mangrove Capital Partners, making it the fifth Russian investment from the firm. ABRT Fund and Ventech joined Mangrove for this round. Last year Oktogo.ru was [...]
Tag Archives: ABRT Venture Fund
KupiBonus.ru Receives Funding From ABRT, Mangrove, & Others
With the Russian e-commerce market expected to reach the USD $6 billion mark later this year, investors are looking for ways to get in on the high-growth opportunities. ABRT Fund and Mangrove Capital are no exceptions, having just invested in group purchasing site KupiBonus.ru in a deal that has been suggested could be worth as much as USD [...]
Drimmi Secures Funding While Still in Stealth Mode
Luxembourg’s Mangrove Capital and Russia’s ABRT Fund have recently made an investment in Drimmi, a Russian social gaming company. The investment is estimated at several million dollars in exchange for a 20% stake. Drimmi apparently intends to use the new funding for the development and launch of its inaugural products. Drimmi (www.drimmi.com) Drimmi is a [...]
Second Round Nets Another USD 8 Million for KupiVip
Russia’s KupiVip.ru, an online shopping club specializing in discounted fashions and accessories, has raised USD 8 million in financing from investors Mangrove Capital Partners, Arlan, and ABRT Fund. The transaction increases the total investment the three companies have made in KupiVip.ru, adding to the USD 3 million deal put together last year. KupiVIP (www.kupivip.ru) KupiVip.ru, [...]
KupiVIP Receives USD 18 million from Mangrove Capital & ABRT
European investment group, Mangrove Capital Partners, along with Moscow-based ABRT Venture Fund and Arlan Investment Group have invested USD 18 million into online shopping club KupiVIP, operated by Privat Trade Ltd. The funds will assist the KupiVIP to establish itself in the untapped Russian market. KupiVIP (www.kupivip.ru) KupiVIP is a private shopping club that allows [...]
Entermedia Receives Investment from Mangrove Capital & ABRT
European early stage investor, Mangrove Capital Partners, along with ABRT Venture Fund have announced a USD $1 million investment into Entermedia. The funding is aimed at helping support Entermedia’s expansion into other language markets. Entermedia (www.entermedia.ru) Entermedia is a Russian firm that places advertisements in flash-based games. Using the company’s proprietary technology, it has become [...]
