Iiko plans to raise $10M

According to RBC daily, Iiko (David Yan’s company that sells iikoRMS (iiko Restaurant Management System, designed for end-to-end management of all restaurant business processes, ensuring fast and quality service while reducing costs and increasing business profitability) is in talks with several major investment fund on the subject of raising $10M for global expansion.

This is going to be the company’s second round of financing. In 2007 it raised an undisclosed amount of financing from Troyka Dialog.