A leading player on Russia’s young but flourishing market of online accounting services, Moe Delo (pronounced ‘Moyo Dyelo’) announced last week it raised $4 million from Klever Internet Investments. The valuation of the company was not disclosed, but Moe Delo’s founders Sergey Panov and Maxim Yaremko kept a controlling stake, according to the press release.

Moe Delo claims to serve 170,000 registered users as of March 2012, made up of individual entrepreneurs and small businesses. Its software as a service accounting applications help them cope with tedious tasks and reduce the costs related to the Russian accounting system. Moe Delo’s fee plans range from 540 to 5,000 rubles per month, or about $18 to $166.

The startup had previously attracted $2.5 million since its foundation in 2009, the Russian busines daily Kommersant reported.

A branch of Klever Asset Management – which operates in real estate development – Klever Internet Investments seems to be a newcomer on the Russian innovation scene.

Moe Delo did not answer EWDN’s request for more precise information.

You may also like

Mobile phone retailer Svyaznoy is preparing to launch an IPTV offer by the end of the year, ComNews.ru, a Russian business news site covering telecom and IT issues, reported earlier this month. Svyaznoy intends to buy console decoders from a leading vendor and operate its over-the-top broadcasting project independently from any existing IPTV operators. Other […]
Read More
Leading Russian microelectronic device maker Sitronics signed a commercial agreement earlier this week with Tech Mahindra, a major provider of solutions and services to the telecom industry. Tech Mahindra will promote the OSS/BSS-solutions of Sitronics India on the local market and may participate in the Russian company’s R&D programs, Sitronics announced. Sitronics has also set up a […]
Read More
0 comments

Trackbacks

  1. […] investor. Since its inception in 2012, the fund has invested in remote working platform Workle, accounting software publisher Moe Delo, and online real estate listing […]