International family office invests in Russian sexual wellness startup

Earlier this month Tizzi, a Russian “sexual wellness” startup founded in 2019, announced the completion of its second investment round, attracting 80 million rubles (around $1.1 million).

The funding was provided by Mikhail Ryvkin — a business angel who already invested in such projects as ‘Gym-Gym’ and ‘Bright Kitchen’ — alongside an undisclosed “international family office.” 

Tizzi includes a sex shop and a sex education platform intended mainly for a female audience. The fresh funding will allow the startup to develop a separate SaaS solutions for influencers — in whom Tizzi sees a key marketing driver. 

Tizzi’s first round, in 2019, brought 15 million rubles (around $235,000 at that time) to the startup. 

Source: RB.RU

Topics: Digital services & Apps, E-Commerce, E-learning, Finance, International, News, Startups, Venture / Private equity
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