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Files under: News
Posted by: admin @ 05:44 [2. 05. 12]
  The largest Russian free online classifieds site Avito.ru has raised $75 million from Baring Vostok and Accel Partners. The previous investors Investment AB Kinnevik and Northzone Partners also participated in the round. The investmenet banking firm GP Bullhound advised Avito.ru. The new investment will be used for marketing purposes.
Launched in 2007, raised $26 million from Kinnevik and Northzone in November 2010. Avito.ru, which has 30 million monthly visitors, reported revenues of $10 million last year. Avito.ru is headed by CEO Jonas Nordlander.
Naspers’ MIH Allegro acquired Slando, a leading free online classifieds site in Russia and Ukraine, for $29 million in 2011. Naspers owns the majority stake in free online classifieds site OLX, which has a strong position in Russia.
Baring Vostok Capital Partners (BVCP) previously invested in Yandex and OZON.ru. Baring Vostok is also an investor in 1C, Russia’s largest software vendor.
See a list of top 10 Russian venture capital investments in 2012.
Tags: Accel Partners Avito.ru, Avito BVCP Accel, Avito.ru 75m, Avito.ru Baring Vostok, Avito.ru CEO, Avito.ru funding, Baring Vostok Accell Avito.ru, Jonas Nordlander
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