Oktogo attracts funding for local sales and marketing push
Online hotel service Oktogo has raised more than $5 million in funding from Poland-based MCI Management.
This latest round for the Russia-based company comes on top of about $30 million including $11 million raised in March 2013 and $10 million the year before.
Previous investors Mangrove Capital Partners, Ventech, VTB Capital and others also participated in the $5 million.
According to a statement the funds will go towards sales and marketing of Oktogo’s online travel services in Russia and the former Soviet Union countries.