Industry Newsroom

Russia’s Eruditor Group Raises US$12 Million from Intel Capital, Frontier Ventures and Runa Capital (CEE and CIS)

Venture capital firms Runa Capital and Frontier Ventures and Intel Capital, the venture capital and private equity arm of Intel Corporation, have invested US$12 million in Russia-based Eruditor Group, provider of an online platform that connects customers with private professionals such as doctors, tutors or beauticians. This is the company’s third round of funding, after having previously received USD$600,000 from angel investors in 2011 and US$2 million from Runa Capital and Intel Capital in 2012. Eruditor intends to use the new financing for expansion in Russia and CIS.