Navigine Is Raising New Investment Round

Navigine is raising an investment round of USD 1 million from a syndicate of Finnish, US and Russian investors. The round is led by Innovestor, and subscriptions for the round will be opened today at Skolkovo #StartupVillage on Innovestor’s co-investment service. Navigine - Navigine Is Raising New Investment Round

The purpose of the round is to enhance Navigine leadership position on the indoor positioning market in Russia and boost expansion to European and US markets. Navigine has already collected investors' commitments for app. half of the round. The subscription for other interested investors will be open until June 30th.

Innovestor Ventures manages Innovestor Growth Fund I, the largest portfolio of venture backed companies in Finland. The highly diversified portfolio consists of almost one hundred companies in all fields of technology; cleantech, consumer, enterprise software, health, industrial technologies and life science. The portfolio has been built over a period of ten years by Innovestor ventures team within Finnvera Plc. Innovestor Ventures acquired the portfolio from Finnvera in December 2016.
Navigine - Published:
Oksana Bespalova