Ostrovok raises $12 million in latest round, brings total to $50 million
06/19/2014|2:21:57 PM|tnooz.com

The latest injection was led by Vaizra Capital Russia and sees the co-founder of Chinese metasearch engine Qunar and an early investor in Ostrovok, Fritz Demopoulos, join the Moscow-based company’s board of directors.

The Vaizra fund is supported by Vyacheslav Mirilashvili and Lev Leviev, co-founders of Vkontakte, Russia’s largest social network.

The $12 million comes 15 months after a massive $25 million financing in early-2013 led by General Catalyst Partners.

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