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21 June
Friday

Russia

Far Eastern Fund is about to close the deal for $1 million with HOTLEAD

A resident of Russky Technopark will receive a loan for development and business scaling

Photo: HOTLEAD

/NOVOSTIVL/ The Far Eastern Hi-Tech Fund will invest about 75 million rubles in HOTLEAD, one of the first residents of Russky Technopark and a resident of Skolkovo. The loan is to foster the technological development and business scaling.

HOTLEAD is a cloud telephony service for business with built-in virtual PBX, CRM-system, marketing analytics and phone numbers in 115 cities of Russia and 75 countries. The company successfully took part in the Eastern Economic Forum 2018.

HOTLEAD will receive the funding in a form of a convertible loan. The Far Eastern Hi-Tech Fund will become an owner of 5% of the project immediately, and in 2023 its share will reach 40-49,9%. Another 5% will be received by the Skolkovo Ventures Foundation, one of developer’s consultants. The deal is to be agreed in the middle of june 2019.

"The mission of Russky Technopark is a creation of an effective ecosystem of technological entrepreneurship and a system for supporting start-ups and fulfilling a function of a platform for conducting a meeting between an investor and an entrepreneur. Investments in HOTLEAD is a landmark event for Russky Technopark and for FEFU, as well as for the entire business environment of the Far East” – told Russky Technopark CEO Dmitry Borovikov.

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