365Scores

The Leta Capital venture fund together with partners invested $5.5 million in development of the Israeli sports mobile application of 365Scores based by the former developers of the Israeli antimissile system of the notification.

About investment of Leta Capital into the 365Scores application wrote in September, 2014 Kommersant with reference to words the managing partner of Leta Capital Alexander Chachava. Also took part in the transaction Cedar Fund which already invested in 365Scores in January, 2013 $1.2 million, Titanium Investments fund and group of private investors. The managing partner of Titanium Investments Alexander Ayvazov confirmed the participation in the transaction. Money will be aimed at the development of a mobile social platform for fans of sport, investors reported.

365Scores it will be monetized at the expense of targeted contextual advertizing, the commission for purchase of broadcasting or the ticket for a match, mister Chachava calculates. Financial indicators of a startup and its assessment do not reveal. Investors received minority stakes in the company. The application is more than 5 has some active users from around the world, and service is supported in 20 languages. In Russia at 365Scores about 70 thousand users, and the main audience is concentrated in countries of Western Europe, Latin America and the Arab countries.