Moscow Seed Fund, the venture arm of the Moscow city authorities, has invested 6 million rubles (approximately $210,000) in Mersibo, a developer of online educational games for children. The funds will be used to strengthen staff, develop mobile versions and create new games.
The startup is also considering international expansion. It plans to release a few games for speech development in other languages later this year.
Previously Mersibo – a resident company of Moscow’s API incubator – had secured a seed-stage capital injection from serial startup angel Igor Ryabenkiy.
Source: Rusbase
