RVC Seed Fund and Softline Venture Partners invest in BubbleGab

BubbleGab, a SaaS platform for building next generation social websites, announces next funding round. The project was supported by RVC Seed Fund (SIF RVC) and venture capital fund Softline Venture Partners. The funds received allowed to announce the official launch of BubbleGab and start active development of the platform to enter the mass market.

The entire investment will be used to complete the project’s main functional components, implement the possibility of its functional integration into popular online portals, develop API to quickly transfer popular networks’ content to BubbleGab. Experts estimate that the project will become profitable in 2015, and will fully recoup the investment by 2016.

BubbleGab allows the user to create personal pages with content obtained from their profiles in social networks and blogs. Subsequently, the user pages will group in circles for mutual communication and form a significant media space.

BubbleGab has managed to get expert support at reputable Internet industry events: RIF+KIB 2013 and JavaOne Russia 2013 conferences.

Having believed in the idea and invested the money, our partners and we developed an attractive project that managed to raise $1M in the next funding round. This will allow us to accelerate the development and testing, and release the product in Q1 2014. - Roman Murazanov says, one of the BubbleGab founders, managing partner of Lineberger Advisers, investment management expert.

Softline Venture Partners has funded more than fifteen projects during its four-year operation in the venture capital market. We have partners among state agencies, software producers, and participants of the venture investment market - Elena Alexeeva says, the head of Softline Venture Partners. - BubbleGab project is a combination of the latest technologies and a professional team. Its founders have launched and implemented several successful joint projects. The potential of BubbleGab’s ideas also attracted the attention of RVC Seed Fund, therefore, we decided to invest jointly.