Cargo freight solutions startup raises $1 million from Runa Capital

Gruzobzor.ru, a provider of online solutions for cargo freight, has secured $1 million from Runa Capital, a Moscow-based international venture fund. The terms of the deal have not been disclosed, but Runa indicated it got a minority stake, Rusbase.com reported earlier this week.

Gruzobzor’s solutions enable shippers and freight forwarders to share electronic documents and communicate in real-time, sparing the hassle of using printers, faxes or phone calls while exchanging information. Also included are distance calculators, weather forecasts and other tools designed to reduce the number of trucks on the road and optimize their route.

“Market participants in the trucking sector often have no access to solutions to automate their activities or believe that products are always expensive and only for big corporations”, Gruzobzor’s CEO and co-founder Zagir Rashitov said in a statement.

Gruzobzor aims to “become exchange platform number one” in its field in Russia and the former Soviet Union. It already claims more than 36,000 clients across Russia and neighboring countries.

Runa Capital is a Moscow-based technology-focused venture capital firm whose portfolio companies represent more than $10 billion in assets. It has invested in a range of tech companies across the world, including ThinkGrid (acquired by Colt), Nginx, Talkbits, Jelastic, Metabar, Travelmenu, BigTime Software, Ecwid, StopTheHacker, Capptain, B2B-Center, Infratel, Domosite.ru, Eruditor Group, LinguaLeo and Cellrox.

Topics: Finance, News, Startups, Venture / Private equity
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