International fund with RVC participation invests in Shazam Entertainment

International fund with RVC participation invests in Shazam EntertainmentShazam Entertainment, the leader of global mobile search applications market, raises $32M from Institutional Venture Partners (IVP). IVP XIII together with Kleiner Perkins Caufield & Byers (KPCB) joined the company’s previous investor - DN Capital.

Russian Venture Company participates in the deal through its international fund Russian Venture Capital II LP (Great Britain), which joined IVP XIII venture fund in September 2010.