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Files under: News, Tech, Web 2.0
Posted by: Quintura @ 00:35 [4. 06. 08]
 The leading Czech online retailer Internet Mall raised EUR 28 million ($45 million) from Intel Capital and 3TS Capital Partners. As a result of the investment, the founders of Internet Mall retained control of the company.
Internet Mall, which runs over 45 online shops, has more than 500 thousand registered customers and 100 thousand daily users. The company generated revenues of $90 million in the last fiscal year (ended March 31, 2008).
Internet Mall is active in Czech Republic, Slovakia, Poland, Hungary and Germany.
3TS Capital Partners made investment in Internet Mall out of 3TS Central European Fund II and 3TS Cisco Fund.
In April 2007, Index Ventures led a $18 million investment in the leading Russian online retailer Ozon.ru.
Holtzbrinck Ventures and Cisco Systems also participated in the investment round that was organized by the existing investor Baring Vostok Capital Partners (BVCP).
Tags: 3TS Capital Partners, 3TS Cisco Fund, Eastern Europe online commerce, Easternet Europe venture capital, Intel Capital, Internet Mall
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