Which science field has the most promising future?

Computer science
Nanotechnology
Biotechnology
Aerospace engineering
Ecology, resource saving
Cleantech
Other

What is the mankind's most dangerous invention?

Atomic bomb
Drugs
Automobile
Money
Television
Fast food
Internet

Target Ventures acquires Afisha-Rambler Group’s stake in TimePad

January 21 Moscow-based venture fund Target Ventures announced it has acquired the Afisha-Rambler Group’s 49% stake in TimePad, a startup that offers online tools for event organizers. The amount of the transaction has not been disclosed.

The new shareholder may provide the startup with a capital injection in the near future, the fund’s Mikhail Lobanov told.

Founded in 2008 with the help of HSE Inc., the business incubator of Moscow’s Higher School of Economics, TimePad is an equivalent of Eventbrite or Armiando. Its functions include event publication and promotion through existing contacts and social networks, as well as online registration, ticket sales, and attendee management.

The Afisha-Rambler group, an important player on the Russian Internet scene, had acquired this stake in the startup in early 2012; important synergies had been expected.

Target Ventures was launched in 2013 to invest in the “digital consumer space.” Among its portfolio companies are Babadu.ru, an online children’s goods retailer, and MixVille.ru, an online confectionary shop. 

2014-01-29, East West Digital News.


Keywords: startups, services, Target Ventures

29.01.2014
Target Ventures acquires Afisha-Rambler Group’s stake in TimePad
23.01.2014
Russian fund helps US startup “spark modernization of the global pet industry”
21.01.2014
Europe's hottest startup capitals: Moscow
21.01.2014
DisplAir ditches airborne display production idea, opts for technology licensing
21.01.2014
Government-sponsored startup tour to bring innovation expertise to 26 Russian cities
21.01.2014
Russian navigation helmet vs. Google Glass
23.10.2013
Startup Funding in Russia: Nginx raises $10 million
23.10.2013
Russia’s angel investing market grows but problems with start-ups and law persist – IIDF
16.10.2013
New $30 million fund expects 45% IRR; makes first investment in task outsourcing service Youdo.com
16.10.2013
Startup offers Russians affordable genome testing
08.10.2013
Russian VoIP Startup Zingaya Announces Cloud Platform for Real-Time Communications
08.10.2013
4 Selling Essentials Every Startup Should Know
03.10.2013
Cashing in on the corporate ‘green’ agenda
03.10.2013
Task-outsourcing site YouDo raises $1 mln from Flint Capital
03.10.2013
7 fast tips for early-stage startups searching for angel funding

Leave your comment
Sign up
Enter verification codeEnter verification code

Second Moscow International Foreign Investment Forum
Most popular news
Annual Investment Meeting 2013

Welcome to Investment. Innovation. Business Web Portal – a community-driven platform for all the participants of the investment process both in Russia and abroad!

We work to provide online information exchange between Russian and global investors and innovators, business owners and developers.