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Russian Search Ads Provider Quintura Gets Bridge Funding

Search optimizer Quintura has raised an undisclosed bridge funding from 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, and has raised “several million dollars” in a first round funding entirely from Mangrove Capital Partners.

In other activities, the company has brought on Dennis Szerszen as CMO in the U.S. Szerszen was previously SVP of marketing and corporate development at security software vendor SecureWave (now Lumension Security).

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Sep 5, 2008 12:30 PM ET

Posted In: Advertising, Marketing, Search, Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, Countries, Europe, Russia, mangrove capital partners, quintura

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