MCI and EBRD invest $7m in Travelata.ru

The series-B funding will be used to improve Travelata's online services. The company will also look at expanding across regions in Russia.

In June 2013, MCI provided online Czech tour and travel package provider Invia.cz with $5m for the company's acquisition of a stake in Travelata.

MCI has now invested more than $4.5m in Travelata overall. EBRD is a new backer of the business.

Company
Founded in 2012 and headquartered in Moscow, Travelata provides an online and over-the-phone service for purchasing package travel deals. The company currently offers tours from 120 Russian tour operators.

The company is now splitting from Invia following its brief stint operating with the Czech business.

People
Alex Zaretsky is the CEO of Travelata; he founded the company alongside COO Stanislav Satsuk. Sylwester Janik and Tomasz Danis are partners at MCI.

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• Topics
• CEE
• Expansion
• Consumer
• MCI Management
• EBRD
• Russia