Russian financial group Finam has increased its stake in social networking site Badoo.

FUND RAISING

Business: Badoo
Web: http://badoo.com
Location: United Kingdom/Russia
Region: Europe
Description: Social network community

Contacts: Alexey Andreev, Founder
Amount raised: Undisclosed

Story Link – Quintura Blog 

Russian financial group Finam has invested an undisclosed amount to exercise its option and increase its stake from 10% to 20% in global social networking site Badoo. In January 2008, Finam said it would make a $30 million investment in the site.
   
Database Fund Raising – November 2009

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