East-West Digital News 2 Mar 2012
TimePad, a startup offering a range of online tools for event organizers, announced on Wednesday that it had received an investment of undisclosed size from the Rambler-Afisha group.
TimePad’s functions can be compared to those of Eventbrite or Armiando. They include event publication and promotion, through existing contacts and social networks, as well as online registration, ticket sales, and attendee management.
“Our greatest competitor on the Russian market is Microsoft, with its Excel and Outlook,” co-founder Lyudmila Pavlova told East-West Digital News. “In other words, we compete with the old-style and inefficient approach to running events.”
Founded in 2008 with the help of HSE Inc, the business incubator of Moscow’s Higher School of Economics, TimePad quickly reached breakeven, Pavlova said. The startup was initially funded by angel investor money with a grant from the Bortnik Foundation.