YouDo.com, a Moscow, Russia-based service marketplace for consumers to search for and hire local contractors, completed a $6.2M Series C financing.
The round was led by Sistema Venture Capital, with participation from existing investors Sergey Solonin, Flint Capital and United Capital Partners.
The company will use the funds to strengthen its market leadership in Russia and expand its operations internationally, including to the US, Europe and Asia.
Founded in 2012 by Alexey Gidirim and Denis Kutergin, YouDo.com operates an online platform that allows users to search for and hire a contractor to complete a wide range of household tasks or single assignments.
Prior to this round, the company raised a $1M Series A from Flint Capital in 2013, and then completed a follow-on Series B round with Flint Capital, United Capital Partners and Sergey Solonin, the owner of Qiwi.