The invest abroad trend among Russian financial institutions was demonstrated again last week by a capital injection of “several million euros” in Wine in Black, a German premium wine online retailer. The round was led by Russia’s Bright Capital Digital with existing investors – e.ventures (Hamburg), Passion Capital (London) and Project A (Berlin) – also participating “significantly.”
Wine in Black claims to be “founding a new generation of online wine retail, demonstrating how quality rather than quantity works online.” One year after launch, it serves “almost 200,000 members” with a growth of “about 10,000 new members per month.”
The startup will now push international roll-out, marketing, and m-commerce.
Bright Capital Digital operates both domestically and internationally. It is affiliated to Bright Capital, a management company that launched its first fund with the participation of Russian billionaire Mikhail Abyzov before he became minister of Open Government.
Source: Bright Capital