ClipClock, a Russia-based service to mark time on an online video backed by seed money from software provider Microsoft, has raised $2.5m in its series A round.
Global TechInnovations incubated ClipClock and it raised $50,000 from Microsoft’s seed fund and $200,000 from angels. Venture capital firm Runa Capital funded the A round.
Maria Netaeva at TechInnovations said: “Our CEO, Artour Baganov, is a co-founder and was a managing director at Microsoft Seed Fund in Russia. And since he left at least three of our clients were funded [by the seed fund].”
Separately, TechInnovations said one of its accelerated companies, Car-Fin, raised $50,000 in grants separate “from the main investment of [$400,000] that we are about to secure in the next month”.
