Russia's Largest E-Commerce Site Purchases Sapato, Online Shoe Retailer
In a story with clear parallels to Amazon.com's purchase of Zappos, OZON, Russia's largest online retailer has purchased Sapato.ru, an online shoe and accessories retailer. Sapato.ru was the first company funded by Fast Lane Ventures, and has also become the first exit by Russia-focused venture firm. OZON was able to acquire the shoe retailer after it raised $100 million last September. The purchase price of Sapato.ru has been not been disclosed.
ASI Makes Its First Exit From Russia
Ambient Sound Investments, ASI, has made its first exit from Russia according to Quintura. ASI has sold its stake in SaaS-based inventory management software provider LogneX (Moy Sklad). Interestingly enough, LogneX was also ASI's first investment in Russia. ASI sold its stake to 1C, which is a Russian based ERP service provider.
Why Being Sold To The US Is A Big Deal
Nexit Ventures is one of the most prominent mobile and wireless investors around. They naturally do a lot of research to analyse their business and opportunities. We've managed to get our hands on some of their research material and we want to share it with you. One of the key issues in venture businesses is how you build your business towards an exit (and how you prepare for it). For entrepreneurs looking at the US market, this post is good news.Teemu Selänne, the unknown VC
Teemu Selänne, the NHL hockey player, has cashed in on the MySQL deal, where Sun Microsystems acquired MySQL for a billion dollars.
Teemu had invested about 330 000 euros seven years ago into Holtron Capital Fund I, which is managed by Inventure Oy, according to the Finnish Venture Capital Association. The exit value for Teemu's initial investment was worth just over 1 million euros, according to Ilta-Sanomat.
Congrats to Teemu!
