Online video service Ivi.ru has received investments from the fund
Buran Venture Capital . The fund has invested about $ 3.5 million in the project. Buran Venture Capital bought an insignificant part of the package in
Ivi.ru from one of the shareholders of the online cinema, a source told Vedomosti. Who sold a share, he does not speak. According to him, the service does not need investments. The deal was initiated by Buran Venture Capital.
Ivi.ru is doing well, it has shown a significant increase in revenues and profitability due to renting, buying video content and paid subscriptions, according to managing partner of Buran Venture Capital Alexander Konoplyasty.
The online cinema Ivi.ru earned in 2014 about 728 million rubles. The launch of the cinema took place on February 26, 2010. In February 2015, Ivi.ru, for the first time in five years, managed to reach the break-even point and show operating profit. 75% of revenues (546 million rubles), according to Dozhd, Ivi.ru receives through advertising. The remaining 25% (128 million rubles) of the online cinema earned on the premium service Ivi +. Subscribers buy access to movies and TV shows for a month, or get the opportunity to watch new items,
reported "Rain."
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The founders of the service - Oleg Tumanov and Dmitry Alimov own shares in Ivi.ru. In addition, Alimov is the managing partner of the
Frontier Ventures fund , which also owns shares in Ivi.ru. The co-owner of the service is also the Potanin
Interros charity foundation. Alimov
told Vedomosti that his foundation did not sell a stake in Ivi.ru. Whether the co-owner sold his share is unknown. A representative of the Interros Foundation claims that the fund did not sell the share.
In 2012, Ivi.ru raised $ 40 million in a round. The leader of the round was the foundation
Baring Vostok . His previous investors, the
ru-Net fund of Leonid Boguslavsky, the American
Tiger Global fund, the
Profmedia holding and the Frontier Ventures fund of Dmitry Alimov, also invested in the project. Until then, Ivi.ru raised $ 30 million from Tiger Global and ru-Net.
The source of "Vedomosti" in one of the media companies claims that the deal with Tiger Global took place at the service valuation of $ 100 million. And at the time of the deal with Baring Vostok, Ivi.ru's score was even higher. At the end of 2013, the owners of ivi.ru negotiated with Yandex about selling the service for $ 150 million.