East-West Digital News 28 Mar 2012
Runa Capital, a Moscow-based fund that began investing outside Russia last fall, is providing $1.5 million in funding to Capptain, a French startup that has developed a SaaS platform for mobile analytics and marketing.
Capptain’s valuation has not been disclosed, but Runa is a minority shareholder, Laurent Lathieyre, the startups’ co-founder, told East-West Digital News.
Attracted by the fast-growing global market for mobile applications, which was estimated at $9 billion in 2011, Runa chose Capptain for its “highly competitive solution, as effective as the most popular solutions, which at the same time offers better visualization and more flexible report customization,” said Runa Capital Managing Partner Dmitry Chikhachev.