Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Far Eastern High Technology Fund, Created in 2018, has Decided on its First Investments
11.06.2019 20:05
The Far Eastern High Technology Fund, Created in 2018, has Decided on its First Investments

The Far Eastern High Technology Fund (FEHTF), created in 2018, has decided on its first investments: the fund will invest 75 million roubles in the cloud telephony service for Hotlead business.

      The startup will receive the funds in the form of a convertible loan. In return, FEHTF will receive a 5% share of the company; by 2023, it will grow to 40-49.9%, depending on the financial performance of Hotlead. Besides, SkolkovoVentures that consults Hotlead, will receive 5% of the company.

      The service combines IP telephony, a CRM system, a virtual PBX and marketing analytics. FEHTF plans that by 2023 the company will occupy up to 20-30% of the cloud telephony market in the Far Eastern Federal District and up to 1.5-2% of market throughout Russia. The services of Hotlead are already used by the enterprises of the Far East, the government of the Khabarovsk Territory and the hospitals of South Korea.

      Read More Articles about Russian Economy and Business

Author: Anna Dorozhkina

Tags: Russian business Russian companies Russian startups   

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Exhibitions in Moscow  Moscow  Boris Kornilov  Ethnomusic Festival MIRA  Andrey Zvyagintsev  Russian Fortresses  Russian scientists  international events  physics  Sports Facilities  Russian Copper Company  Russian business  Tyumen  Russian parliament  NOVATEK  Syria  Lipetsk   Wedding in Russia  Russian Rock  Catherine I of Russia  Pskov Region  Mercedes-Benz Fashion Week Russia  Art Exhibitions  Russian science  Russian Monuments  Russian economy  Tula Region  incident  Concerts in Moscow  Mineral Waters  Kislovodsk  the Sun  Moscow Region  Russian tourism  St. Petersburg  Russian Internet  Electromobiles  Security Council  Easter Eggs  AvtoVAZ   Russian sportsmen  Artplay Design Centre  Arno Rafael Minkkinen  Russian Cinema  litvinov  Gorodets  Travel Application  Russian courts  medicine  FIFA World Cup  

Travel Blogs
Top Traveling Sites