Mango Telecom, a Russian-based provider of business communication services, has raised $10m in funding from Intel Capital.

Providing software as a service (SaaS) for business communication purposes Mango Telecom is said to have more than 30,000 clients with over 200,000 active users.

Mango Telecom received the $10m investment from Intel Capital and plans to use the funds to expand its cloud-based business services in Russia and enter the European market.

Maxim Krasnykh, Intel Capital’s investment director said, “Mango Telecom has become one of the most important Russian companies in the SaaS sector and it has great…