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Russian startup ITMan obtains about 290,000 Euro in funding from Softline Venture Partners and the Moscow Seed Fund. ITMan is a cloud-based platform which will help small and medium-sized businesses (SMB) to manage their IT assets. We are told that the investors believe that this company will be delivering returns within approximately a year and a half.
Over the past couple of months, the Moscow Seed Fund has been on an investment spree and it continues with this latest bit of news. It is reported that approximately 192,000 euro comes from the Moscow Seed Fund and the remaining 97,000 comes from SVP. Within the past month and a half, we’ve had stories about about investments in SendMeBox, iVengo, and Hiconversion. We also covered news from back in December when SVP and the Moscow Seed Fund jointly invested in ContextBroker. Now, we are back with more news of collaboration between the two parties.
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