Financial details of the transaction weren't disclosed but Troika said it had made more than 10 times the cash it put into its original investment. A person familiar with the situation said Troika invested $4.5 million in 2009.
Troika was Evernote's first institutional investor since when the company has attracted multiple investment rounds from international and U.S. venture funds including Docomo Capital, Morgenthaler Ventures as well as Sequoia Capital.
"Evernote was one of the first companies that we invested in," said Artyom Yukhin, the head of Troika Ventures, the venture unit of financial services firm Troika Dialog, itself a subsidiary of Sberbank Rossia (SBER.RS).
"In addition to financing, we provided expertize and assistance at an early stage to bring the company to the forefront of consumer Internet and mobile services," he added.
Founded as a startup by Russian entrepreneur Stepan Pachikov, Evernote now has over 20 million users, operations in 21 cities across Russia and offices in New York, London, Nicosia, Kyiv and Almaty.
-By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241;
marietta.cauchi@dowjones.com
RESILIENTMEDIA ENTERTAINMENTSharing News/Information 25/8 About: #PRIVATEEQUITY #VENTURECAPITAL
#HEDGEFUNDS #INVESTMENTBANKING & a few fun things as well.
Check US OUT:
http://on.fb.me/vch6FQ
http://linkd.in/oiB29l
http://on.fb.me/sdaWqc
http://bit.ly/uhH9hQ
http://bit.ly/trKLuj
#PrivateEquity, #HedgeFunds, #VentureCapital, #InvestmentBanking, #CapitalMarkets, #MergersAndAcquisitions, #WallStreet, #IPO #ResilientMediaEntertainment, #IPO, @Resilient_Ent, #Film, #Music, #VideoGaming, #Media, #Fashion, #TV, #Technology
No comments:
Post a Comment
WHAT SAY YOU?