Moscow Venture Investment Fund has invested $250K in i-Vengo project. i-Vengo’s tech platform offers a mobile advertising solution focused on global network advertising agencies and major advertisers.
The company entered the market last year, receiving its seed stage money from Altair Fund of Igor Ryaben'kii, ISH Capital Management Company and several private investors.
i-Vengo specializes in placing ads in mobile applications and focuses on cooperation with major network agencies. The basis of the company's product line is interactive fullscreen preloader for mass audience.
The company operates in a market, which is growing at an incredible pace, and its team has enough experience to implement a competitive strategy, - Alexey Kostrov, executive director of Moscow Seed Fund, comments on the deal.