Page 9 - bne_Tech_04_2019

Investment
April 2019 www.intellinews.com I Page 9
Two Moscow online reputation agencies secure $3mn for R&D and M&A purposes
EWDN in Moscow
Online reputation management agencies Sidorin Lab and Reputation Lab have attracted $3mn in equity funding from a pool of individual investors in exchange for a 30% stake in each company. Among these investors is Anton Alikov, a partner at Switzerland-based Blackfort Capital, reports East-West Digital News (EWDN).
The fresh funding will be used for business development and software development purposes. The companies is also considering the acquisition of social media monitoring agency IQ Buzz, perhaps with additional funding.
In 2018, Sidorin Lab and Reputation Lab combined
Ukrainian-Russian startup raises $1.5mn to teach English to Polish and Spanish kids
bne IntelliNews
AllRight.io, an e-learning startup with Ukrainian and Russian roots, has just secured $1.5mn in a funding round led by Buran Venture Capital, reports East-West Digital News (EWDN).
Online reputation management agencies Sidorin Lab and Reputation Lab have attracted $3mn in equity funding to be used for business development and software development purposes
generated 165mn rubles in revenues (nearly $2.5mn). Their EBITDA and net profit amounted to 61mn rubles (nearly $950,000) and 9mn rubles (nearly $140,000), respectively.
The Russian market of online reputation man- agement is embryonic. It has been estimated at some 16bn rubles (around $242mn at the current exchange rate) with the potential to reach 43bn rubles ($650mn) by 2023.
Ashmanov & Partners, Digital Guru and Kokoc Reputation are among other key players in this field.
AllRight provides children aged 4-12 with courses of English as a foreign language.
Founded in 2017, AllRight provides children aged 4-12 with courses of English as a foreign language. The startup claims to serve more than 1,700 active users monthly, essentially from