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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
(Source: https://punkt-a.info/upload/iblock/32b/32b05b7ff72684f9316cd81e885b45ee.jpg)

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.

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Author: Anna Dorozhkina

Tags: Russian business Russian companies Russian startups   

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