Central regions | Technology & innovation

Russian startup Jetka raises $100,000 investment

4 Aug '11
Young Russian startup Jetka has successfully completed the second investment round, CNews reports.

According to the news source, JetVenture fund, realizing its own Internet-projects has announced raising a new round of finance by one of its projects.

One of the three startup-projects, financed last spring by JetVenture Jetka presents a new product at the CRM and project management market. According to JetVenture, Jetkas philosophy is based on attracting new clients, rather than simple registering of events. The fund believes that this approach is soon to become a dominating one at the market.

The 27% share in Jetka was estimated at $100,000, while total market capitalization of the company came in at over $360,000. The deal was closed on August 1, 2011. As a result of the deal, the founders of the firm still keep the control stake in the company.

Jetka is a young startup of less than ten months old. Today it already has about 1,000 users working in the B2B sector in the beta, and about 200,000 overall contacts of organizations in the system, JetVenture said. The raised finance is intended to be used to speed up the project development and marketing.

According to the fund, the buyer is a professional private investor. His name has yet to be disclosed.

A month ago Forbes.ru wrote, that the Jetka service authors called it the social viki-CRM. Besides its main CRM functions it has another bonus: Jetka can find new clients in a needed region, and that can significantly increase efficiency of sales operations. When entering the new region, the system gets the full client database gathered from specialized resources. The database is then corrected by the users during their work with the system.

JetVenture fund was organized by ex-employees of digital agency Promofront in Togliatti, Samara region.
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