Knopka Zhizni (“Life Button”) has raised 45 million rubles (approximately $1.3 million) from FRII, a government-backed $200 million seed and early-stage fund, IKS Media reported yesterday.

Founded in November 2010 by MBA students of the Skolkovo Management School, the startup has developed a mobile medical alert system for the elderly and the disabled.

Knopka Zhizni turned heads in 2011 at BIT and HSE’s Startup of the Year, two major Russian tech competitions.

In July 2012, it raised $1 million from Rintech.ru, a subsidiary of the diversified high tech group IT Co.

 

 

 

 

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  1. […] Meanwhile, state-owned funds are likely to remain a stable anchor to support Russian innovation. Among other institutions, FRII, a $200 million seed-stage Internet fund launched last year, and Skolkovo, the international tech hub under construction on the outskirts of Moscow, remain active in the market. […]

  2. […] startup Knopka Zhizni (“Life Button”) has raised $1.3 million from FRII, a government-backed $200 million seed and early-stage […]