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:

Restaurant Business Turnover Fell by 30-90%
The State Duma Adopted a Law on Tax Maneuver for IT Companies
The Russian Government will Support Catering Business and Hotels
Forbes Named 15 Best Banks for Russian Millionaires
Elementaree Delivery Service Raises $ 5 Million Investment

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian exhibitions  Russian parties  Science  the Rostov Kremlin  Russian Toys  Russian visa  Far Eastern Federal University  train tickets  Russian business  Maison SAS   The Romanov Family  Photo Exhibitions  Exhibitions in Moscow  tax  travel to Russia  Alfred Eberling  Russian Nature  Irkutsk  Russian banks  Bele Lake  Russian tourists  Kirov  agritourism  Orthodox Church  Michael McFaul  Baskunchak  St. Petersburg  Wild Nature of Russia  Oscar Strok  invest  Russian airlines  odd news  holidays in Russia  Mercedes-Benz Fashion Week Russia  Russian regions  Tragedy  Moscow  Festivals in Moscow  Russian Cinema  Karelia   gay rights  Alexander Nevsky  Russian tourism  Events in Sochi  Gazprom  Kirov Architecture  Vostok  Jazz  Russian models  Mariinsky theatre 

Travel Blogs
Top Traveling Sites