Russian investors back French online freight service Convargo

Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups.

Just months ago Inventure Partners invested $3 million in a similar Russian startup named Deliver (formerly iCanDeliver).

In their respective countries, Convargo and Deliver help companies find the closest shipping service provider and automates the process of ordering freight transport. Deliver claims to have the largest base of carriers in Russia with nearly 60,000 confirmed drivers. On its side Convargo has 2,000 partners, representing more than 120,000 trucks, reports TechCrunch, citing exchange with Convargo’s CEO Maxime Legardez.

Almost simultaneously Impulse VC, a fund affiliated to Russian billionaire Roman Abramovich, took part in a $3 million round for Guestready, a Swiss startup which presents itself as an Airbnb management tool. On its side, Runa Capital, a international venture fund with Russian roots, co-invested in Polish edtech startup Brainly and in American 3D medical imaging startup Echopixel.

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Topics: Digital services & Apps, Finance, International, Mobility, News, Startups, Venture / Private equity
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