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Finam Puts $30 Million in Social Network Badoo

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 14:22 [21. 01. 08]

The Russian financial group Finam has invested some $30 million for a 10% stake in global social network Badoo to help it grow in Russia. The Russian social networking market reached over 10 million users in January 2008.

Badoo is a social networking site with photo and video sharing features. It has 12.7 million registered accounts, mostly in Latin America and Continental Europe. Badoo was launched from London in November 2006. Badoo is advertising-free, which should be why it has grown so quickly. Badoo was number 2 fastest rising search term on Google Zeitgeist list for 2007 published by TechCrunch last December.

Finam made an investment in Badoo out of its fund Finam – Information Technologies. Back in 2005, Finam bought-out a 68.5% stake in Mamba, a leading online dating community in Russia with over 9 million registered accounts, which is rumored to share the same technical founders with Badoo.

Our Q-blog recently named 2007 as the Year of Social Networks in Russia where Odnoklassniki.ru and Vkontakte are the leaders with more than 7 million and 4 million registered accounts, respectively.

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14 Responses to «Finam Puts $30 Million in Social Network Badoo»

  1. 1 Finam Invests $30 Million in Social Network Badoo Quintura @ 14:22 [21. 01. 08]

    [...] network popular in Latin America and Continental Europe with 12.7 million registered accounts. The folks at Quintura have news that the Russian financial group Finam invested $30 million for a 10% stake in ownership, hoping to [...]

  2. 2 TechCrunch UK » Blog Archive » Uk’s Badoo pulls $30m for Russian launch, ahead of a home push Quintura @ 14:22 [21. 01. 08]

    [...] to Quintura, in 2005, Finam bought-out a 68.5% stake in Mamba, a leading online dating community in Russia with [...]

  3. 3 Russians Invest $30 Million in Social Networking Site Badoo Quintura @ 14:22 [21. 01. 08]

    [...] (Quintura CEO Yakov Sadchikov has more here). [...]

  4. 4 TechCrunch Japanese ????? » ??????????Finam????SNS?Badoo??$30M?? Quintura @ 14:22 [21. 01. 08]

    [...] ????Quintura CEO Yakov Sadchikov????????????? [...]

  5. 5 Badoo l?ve 30 millions de $ Quintura @ 14:22 [21. 01. 08]

    [...] Quintura le groupe financier Russe Finam serait devenu actionnaire du site ? hauteur de 10% en y [...]

  6. 6 Open Community Social Network, Badoo Raises $30 Million Quintura @ 14:22 [21. 01. 08]

    [...] Source: Quintura Blog / TechCrunch] SPHERE IT! Categories: Finam, Badoo Leave a [...]

  7. 7 Russians Invest $30m in Social Network Badoo | RussianMarketer Quintura @ 14:22 [21. 01. 08]

    [...] Sadchikov, CEO of Quintura, reports that the Russian group Finam has invested $30m US for a 10% share in social site [...]

  8. 8 Weekly Digest of the Social Networking Space: Jan 22, 2008 Quintura @ 14:22 [21. 01. 08]

    [...] Russian Social Network gets $30million Badoo, a russian social network with heavy video and image sharing features has received funding, and is expected to grow in [...]

  9. 9 M?s negocios en Internet en Rusia – Finam invierte en Badoo Quintura @ 14:22 [21. 01. 08]

    [...] m?s clara, ahora que Finam, uno de los grupos financieros m?s importantes del pais ha invertido 30 millones de dolares por un 10% de Badoo. Una de las redes sociales con m?s crecimiento en el 2007 (12,7 millones de usuarios, sobre todo [...]

  10. 10 David Quintura @ 14:22 [21. 01. 08]

    you are so lovely (in a non gay way) naive when you say:

    ‘Badoo was launched from London in November 2006. Badoo is advertising-free, which should be why it has grown so quickly’

    trust me , latin americans don’t care about advertising, It grow that quickly because they spammed a lot using people email contact lists. besides they It’s pretty cool free dating service with plenty of people from your country :)

  11. 11 Yakov Quintura @ 14:22 [21. 01. 08]

    sure, it’s more a dating service than anything else because it’s created by the guys who did one before :)

  12. 12 Dating Watch » Badoo valoris? ? 300 millions de dollars Quintura @ 14:22 [21. 01. 08]

    [...] Source : Mashable, Quintura Blog [...]

  13. 13 Jacob Madison » Blog Archive » Finam Invests $30 Million in Social Network Badoo Quintura @ 14:22 [21. 01. 08]

    [...] network popular in Latin America and Continental Europe with 12.7 million registered accounts. The folks at Quintura have news that the Russian financial group Finam invested $30 million for a 10% stake in ownership, hoping to [...]

  14. 14 Q-blog » Blog Archive » Coral SISTEMA Strategic Fund приведёт в Россию FON Quintura @ 14:22 [21. 01. 08]

    [...] последовала за недавними инвестициями Финама в Badoo и Playfon в Wappy.to с целью привести западные веб-сервисы на [...]

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