Intel Capital is joined bacing the Russia-based e-commerce company by Acton Capital Partners, the former corporate venturing unit of Hubert Burda Media, development agency the European Bank for Reconstruction and Development as well as venture firms Accel Partners and Balderton Capital.
Intel’s corporate venturing unit has led Russia-based ecommerce company KupiVIP in a $38m round on June 21.
Intel Capital was joined in the round by Acton Capital Partners, the former corporate venturing unit of Hubert Burda Media, development agency the European Bank for Reconstruction and Development as well as venture firms Accel Partners and Balderton Capital. It brings the total raised by KupiVIP to $124 million, news provider Reuters said.
Other previous backers of KupiVIP include Russia Partners.
Arvind Sodhani,…
