Oktogo.ru Raises $11 Million of Seed Funding
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St. Petersburg, Russia – Oktogo, a leading Russian online hotel reservations agency has raised $11 million of seed funding from VTB Capital, Mangrove Capital Partners, Ventech and Victor Sazhin Group.
“For the past year, Oktogo.ru has grown into the Russian market leader in online hotel booking. Our growth comes from converting travelers from offline to online,” says Marina Kolesnik, founder and CEO of Oktogo.ru. “We strive to build Oktogo.ru into the leading Russian online travel brand by innovating and investing in human capital.”
The new capital will be used in building a stronger brand and for marketing Russia.
Funding Total: $11,000,000
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|Investors: VTB Capital Investment Management, Mangrove Capital Partners, Ventech|