LitRes Raises $5M in First Funding

According to VentureBeat, LitRes, a Russian e-book retailer, raised $5m in first funding.

The round was led by the Russian Internet Technology Fund.

The company intends to use the funds to consolidate its position in the Russian Market.

Founded in 2006, LitRes partners with over 100 publishing houses and offers over 380,000 e-books in Russian.



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