Russian startup Hippflow attracts investment

Russian startup Hippflow attracts investmentHippflow service received seed investment from a Russian fund. The company head Cyril Chekanov told it, but refused to specify the amount of funding and investor’s name, referring to the agreement adopted.

We only know that the amount of investment ranges between $100K and $500K. The startup itself was evaluated at more than $1M.

As Chekanov says, they were in talks with several VCs from the U.S., a fund from Europe, but Russian Found offered the best terms.

Hippflow is a product, which allows startups to keep investors informed of what is happening in the project. To put it simply, it is a ‘Twitter for startups’ to systematize your posts in an easy to read, analyze, and monitor timeline.

Funds received from investor will be used for the development of the service platforms, namely: improving its functionality, expanding its presence on mobile platforms, introduction of automated reporting to investors, mentors and partners.

SUMIT international school for startup projects has already become the startup’s partner, a partnership agreement has been signed with Polish incubator BinkPlus, and a student startup programme has been launched together with the Arabian department of New York University.