Russian Search Ads Provider Quintura Gets Bridge Funding
This story was written by David Kaplan.
Search optimizer Quintura has raised an undisclosed bridge funding Mangrove Capital Partners as part of a larger round of financing. In a post on its official blog, Moscow-based Quintura hopes this latest capital infusion will attract additional investors. It also hopes to grow its audience reach from its current 8 million to 50 million by next year. Mangrove contributed an unspecified amount to Quintura's first round in June 2007. Quintura's search engine uses graphics to pinpoint tags, has raised "several million dollars" in a first round funding entirely from Mangrove Capital Partners.
In other Quintura activities, the company has brought on a CMO in the U.S. The company has tapped Dennis Szerszen for the role. Szerszen was SVP of Marketing and Corporate Development at security software vendor SecureWave (now Lumension Security).
By David Kaplan