Alexander Shulgin

Founder and Owner

5 past transactions

Mamba

Series A in 2005
Mamba is the number one Russian online dating service, which cooperates with major portals including Mail.Ru, Rambler and MSN.com and over 30,000 others. The company’s database holds over 18.6 million registered users, over 40% of which are active. Mamba primarily targets customers in Russia and the CIS and is also going to launch dating services abroad. The business model is centered on the “pay as you go” principle: the users are more inclined to pay for additional instant low cost services, rather than bigger monthly subscription. Company’s billing system is one of the largest in the world with more than 40 possible ways to pay for Mamba’s services. According to various estimates, Mamba controls about 85% of the market.

BUKA

Series B in 2005
BUKA is a Moscow-based video game developer and publisher known for its work on both local and international titles. The company has published well-known games such as the Far Cry series, the Half-Life series, and Warhammer 40,000: Dawn of War, collaborating with major Western publishers like Ubisoft and Valve. Additionally, BUKA has developed its own titles, including the Hard Truck series and Pacific Storm, along with an upcoming release titled "Collapse." Acquired by 1C Company in July 2008, BUKA focuses on providing a diverse range of video games, offering editing, licensing, and sales services that cater to competitive pricing for consumers.

iMusic TV

Venture Round in 2004
iMusic TV GmbH is a company based in Germany that operates a music television channel. It specializes in providing music television broadcasting services, delivering cable music programming to its audience. The channel focuses on a diverse range of music content, catering to various musical tastes and preferences. Through its broadcasting services, iMusic TV aims to engage viewers with a rich selection of music videos, artist features, and related entertainment, positioning itself as a notable player in the music television sector.

ZAO Begun

Series A in 2003
ZAO Begun is an advertising services company based in Moscow, Russia, founded in 2002. It specializes in various forms of advertising, including contextual, commodity, banner, and mobile advertising. The company operates as an advertising network within the Russian internet sector, providing services to advertisers, websites, and advertising agencies. In addition to its core advertising products, ZAO Begun offers media planning services to assist clients in budget calculations. The company is a subsidiary of Rambler Media Ltd. Notably, in July 2008, ZAO Begun was approached with a significant acquisition bid by Google, which was ultimately blocked by Russian anti-monopoly authorities.
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