Addventure leads $3.2m series-A for Armut

Following the transaction, the total amount of capital raised by the company is $4.2m. According to press reports, the business will look to use the fresh capital to boost its marketing campaign and expand its team.

Previous funding
Hummingbird Ventures led a $1m seed funding round in January 2014.

Company
Established in 2011 and headquartered in Istanbul, Armut provides an online service marketplace. The company claims 1.5 million service requests were sent across its platform in 2015.

People
Addventure – Max Medvedev (founder, managing partner); Pavel Terentiev (partner).
Hummingbird Ventures – Firat Ileri (partner).
Armut – Basak Taspinar Degim (co-founder, CEO); Erol Degim (co-founder).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Technology
• CEE
• Turkey