Elbrus leads $10m round for YClients

Also participating in the round was one of the current shareholders, venture capital fund Guard Capital.

Elbrus is currently investing from Elbrus Capital Fund II, which held a final close in February 2014 on its $550m hard-cap and targets the mid-market segment in Russia, and the surrounding Commonwealth of Independent States.

The private equity house acquired a significant minority stake in the company. The founders of YClients will remain its largest shareholders.

The funding will be used to further develop existing and new products, scale the business and expand into new industry segments.

Previous funding
Undisclosed investors contributed $600,000 to the company in 2017, according to Crunchbase.

Company
Founded in 2015 and headquartered in Moscow, YClients is a business management software-as-a-service platform in Russia and the CIS region, focused on automation of small and medium-sized companies in service industries. YClients claims that it facilitates 8 million appointment bookings every month. It employs around 200 staff.

People
YClients – Yuri Petrov (CEO, co-founder).

Advisers
Equity – DLA Piper (legal).

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• Topics
• Expansion
• Technology
• CEE
• Venture
• Russia
• Elbrus Capital
• DLA Piper