Intel et al. invest $12m in Eruditor Group

The fresh capital will allow Eruditor to further develop existing projects, as well as increase its market presence in Russia, Ukraine and Kazakhstan across all areas of professional services in which the group is currently active.

Previous funding
Eruditor raised $4m last October from Intel and Runa, with Intel providing the majority of the round. Prior to that, the company raised $600,000 in seed funding from Altair Capital founder Igor Ryabenkiy in 2011.

Company
Founded in 2006, Eruditor is headquartered in Moscow and employs 380 staff. The company operates a group of websites that allow freelancers to showcase their skills and be found by customers across a range of professional services, including medicine, construction, art, music, hairdressing and sports coaching.

The company claims its group of sites holds more than 150,000 professionals. Websites under the Eruditor group brand include Infodoctor.ru, Krace.ru, Treda, Tuturion and MasterDel.

People
Yegor Rudy is the CEO of Eruditor. Maxim Krasnykh is the investment director of Intel Capital in Russia, while Marcin Hejka is the managing director of Intel Capital in Eastern Europe, Middle East, Africa and Russia. Dmitry Alimov is the founder and a managing partner of Frontier Ventures, while Ilya Zubarev is a senior partner at Runa.

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• Topics
• CEE
• Expansion
• Technology
• Intel Capital
• Russia