VentureBeat presents: AI Unleashed - An exclusive executive event for enterprise data leaders. Network and learn with industry peers. Learn More
Anews, an international global news-reading service with a built-in behavioral advertising network, has received $2.7 million from TMT Investments, Run Capital, 101 Startup, and several individual investors. As reported by Rusbase, TMT Investments and Run Capital each invested $1 million, in exchange for minority stakes in the company.
“With its strong team, with a wealth of relevant experience, and working in an exciting sector, Anews has every chance of becoming the undisputed industry leader,” Rusbase quoted Run Capital chief executive Andrey Romanenko as saying.
The company has developed a technological platform allowing news media companies to expand their reach, acquire new users for free, and increase digital ad revenues. The technology provides each reader with a consolidated, personalized view of news content from news agencies, newspapers, magazines, blogs, and social networks.
With more than 2 million downloads since launching in October 2013, the startup claims to be among the top three news apps on Google Play and App Store in 12 countries. The latest capital injection will fuel further international development.
Anews was originally backed by 101 Startup, a fund owned by TMT’s senior managers German Kaplun, Alexander Morgulchik, and Artyom Inyutin.
In August, the startup completed a $3 million round, including $1 million brought in by TMT and $2 million from other unnamed investors.
Founded by the executive management team previously behind RBC, a major Russian financial information holding, and traded on the AIM market of the London Stock Exchange, TMT has raised $30 million since its inception in 2010. With more than 35 Internet-based companies worldwide, the fund stands as one of the most active Russian-backed funds operating internationally.
Run Capital is a 1 billion-ruble fund (approximately $15 million at the current exchange rate) launched last year by executives from Qiwi, a major Russian payment company. In November, the fund’s injected $6 million in Californian mobile marketing startup AppInTop.
This story originally appeared on Www.ewdn.com. Copyright 2015
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.