Witology Gets USD 5m Series A Funding from ONEXIM and Sputnik
Russia's Sputnik Group and ONEXIM have joined together to provide series A funding to Witology, a technology startup developing new ways of using social networking to solve problems. The two investors will provide USD 5 million which will allow Witology to continue research and development, carry the project through beta testing, and eventually launch their platform. As a result of the deal, Sputnik will control 8.94% while ONEXIM's share will be 41%. The remaining 50.06% will remain with Witology founders Alexander Oslon and Sergey Karelov.
Go to Invest IQ to read more. Invest IQ provides up-to-date private equity information and mergers & acquisitions news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.
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