Invest in a series of compatibility applications for Russian social networksThe Business
A major Russian media group with a history of success in the launch of media projects, is developing a series of applications for use by social networks on Internet and mobile devices such as Facebook, Moi Mir, V Kontakte and Odnoklassniki. The applications are based upon a set of tools and software for measuring compatibility using personal psychological criteria, socio-demographic characteristics and compatibility of interests. Based upon work to date, the first set of applications for Facebook has begun.
Market
Approximately $1.8 million has been invested in project development to date. The Company expects that the business can become profitable in 2012. The Company is seeking an additional $2.25 million, to be provided in tranches, in exchange for a minority stake in the business.
Sector: InternetSegment: Social NetworkRegion: RussiaFinancing Size: $1m to $5mContact: Inna Yumasheva
Company: Meridian CapitalTelephone: +7 495 937 5933Email: [email protected]
