The Almaz Capital Russia I fund, along with Runa Capital, have invested in Travelmenu.ru. Pegged at USD 1 mln, this round of financing is yet to be closed. There have also been several changes in management of late, the key one being Nina Pogossova doffing the CEO garb for that of non-executive Chairman. Katrin Buckenmaier, the [...]

Travelmenu.ru has raised $1.6 million U.S. dollars to expand their company through investments from Almaz Capital Russia I Fund and Runa Capital. This is the first time the company has received any outside funding. Travelmenu.ru (www.travelmenu.ru) Travelmenu.ru was first launched in 2005. The company began as a b2b site, acting as a travel agency, and [...]