Yandex, via its Yandex.Factory (Яндекс.Фабрика) startup funding initiative, has invested in Citrea, online text editing tool, according to Yandex blog. The investment should be in the range of $50,000.
Based in Yekaterinburg, Citrea develops online service where text can be crowd-edited by several persons. The Citrea team first met Yandex at Yandex.Start (Яндекс.Старт) event in Yekaterinburg last December. Citrea is in “stealth” mode.
Yandex.Factory previously invested in Timebooker, Refine.io, Zenmoney.ru, and few other startups.
See a list of top 10 Russian venture capital investments in 2012.