Travelmenu, an online provider of travel services to Russian and Ukrainian consumers, has raised $1.6m in funding.
Investors include Almaz Capital Partners, manager Almaz Capital Russia Fund I and Runa Capital.
The company intends to use the funds to conduct a direct-to-consumer marketing campaign and expande its sales efforts.
Founded by CEO Nina Pogossova, CFO Katrin Buckenmaier, Mikhail Pogossov and Oleg Kopachevts, Travelmenu offers consumers a comprehensive suite of travel products, including over 277,000 hotels, flights (500 airlines globally) and package holidays from 70 tour operators including TezTour, Mostravel and Coraltour.
FinSMEs
13/06/2011