Travelmenu Raises $1.6M

Travelmenu, an online provider of travel services to Russian and Ukrainian consumers, has raised $1.6m in funding.

Investors include Almaz Capital Partners, manager Almaz Capital Russia Fund I and Runa Capital.

The company intends to use the funds to conduct a direct-to-consumer marketing campaign and expande its sales efforts.

Founded by CEO Nina Pogossova, CFO Katrin Buckenmaier, Mikhail Pogossov and Oleg Kopachevts, Travelmenu offers consumers a comprehensive suite of travel products, including over 277,000 hotels, flights (500 airlines globally) and package holidays from 70 tour operators including TezTour, Mostravel and Coraltour.



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