Oktogo Raises more than $5M in Funding

oktogoOktogo, a Russian online travel company, raised more than $5m in funding.

Backers included MCI Management and Mangrove Capital Partners.

The company, which had previously raised $30m in venture capital from Mangrove Capital Partners, Ventech, VTB Capital and others, intends to use the funds to increase its sales and marketing efforts in Russia and CIS countries.

Led by Marina Kolesnik, CEO, Oktogo is an online travel company that includes hotel booking service Oktogo.ru, which offers more than 8,000 hotels in Russia and 350,000 hotels worldwide, and online travel portal Travel.ru, which was purchased in 2013 to serve both editorial and user-generated travel content to Russian travelers.



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