Runa Capital Backs Dnevnik.ru Global Expansion

Runa Capital has invested $5 million into the global expansion of Dnevnik.ru, an online educational platform. Dnevnik.ru was launched in 2009 with over 21,000 schools and 4 million users using the service in Russia and almost 10,000 schools and 1 million users in the Ukraine.

PRESS RELEASE

Runa Capital international venture fund reported that it invested $5 million into Dnevnik.ru, a company specializing in the development of a unified educational platform which would form a unique electronic media for teachers, school students and their parents. The investments shall be aimed at the global expansion of the platform and development of a unique system of cataloging and distribution of certain educational content.

Dnevnik.ru was launched in 2009 and after three years has become the most widely used educational platform in Russia and the Ukraine. By now, over 21,000 schools and 4 million users have joined the project in Russia, with almost 10,000 schools and 1 million users in the Ukraine. The key factor for the success of Dnevnik.ru is its multiple functions. It combines three modules at a time: a learning management system, school document flow management and a social network. The basic functions of Dnevnik.ru are free for all the participants of the educational process. The users can get access to the electronic class-book, electronic grade books of students, hybrid library, educational literature library and on-line training of the unified state exam, as well as get the possibility to pass entrance exams to the major higher educational institutions of Russia.

“Dnevnik.ru will use Runa Capital investments to develop a number of additional services, mobile applications and a version for higher educational institutions and work out a unique system of cataloging and distribution of educational content. The project has been already localized in the Ukraine and in 2012-2013 we plan to launch local versions in Israel, Hungary, Poland, China and the US and hope for the support of a highly professional team of Runa Capital in our expansion to the global market” – said Gavriil Levi, CEO of Dnevnik.ru.

“Dnevnik.ru solves a significant problem – automation interaction between teachers, students and parents, and has potential to become the leading platform for the educational system of a new generation. We have invested in the company because we believe that Dnevnik.ru has created the world’s best educational solution and became the first in Russia connected tens of thousands of schools and achieved millions of users in a short time. Led by Gabriel Levy Dnevnik.ru has managed to build a strong management team that has a chance to make the project to be a global leader in this segment, – Serguei Beloussov, senior partner of Runa Capital. – “Now we have a target as soon as possible to achieve 100 million users around the world, and we deploy all the resources of our fund’s ecosystem and our partners’ expertise to help Dnevnik.ru to succeed internationally”

In 2010, Dnevnik.ru got a Runet award as the best “Teachers internet-project”. In April 2012, Dnevnik.ru got a World Summit Award as the winner in E-Learning & Education category. In August 2012, the company became a resident of the Skolkovo Foundation.

The project is implemented under the auspices of the Russian Ministry of Education and Science and regional educational departments and committees. Dnevnik.ru has its headquarters in St. Petersburg and representative offices in Moscow, Kiev, Bashkortostan, Volgograd, Astrakhan, Nizhny Novgorod, Chelyabinsk and Yekaterinburg regions, Khabarovsk Territory and Dagestan.

In 2011, Dnevnik.ru attracted $1.7 mln from Prostor Capital fund. The total investments into the project amounted to $6.7 mln.

About Runa Capital
Runa Capital is $135 mln international technology-focused venture capital firm whose investments have created or incubated companies with more than US$10 billion in assets. It was established to seek growth opportunities in the rapidly growing areas of the tech sector, with specific focus on cloud computing and other hosted services, virtualization and mobile applications. The key execution point is to select promising teams and drive and support them in the global marketplace, turning them into international champions. Runa Capital’s investments announced to date include: Nginx, Talkbits, Jelastic, Metabar, Travelmenu, BigTime® Software, Ecwid, StopTheHacker, Capptain, B2B-Center, Infratel and LinguaLeo. Runa’s first exit -from the UK company Thinkgrid- was on the August 2012.

About Dnevnik.ru

Dnevnik.ru is a free closed document exchange system for educational institutions which comprises educational and communication functions (including electronic grade books of students, electronic class-books, schedules and reports). Dnevnik.ru was launched in 2009 by Gavriil Levi. By September 2012, over 21,000 schools and 4 million users have joined the project in Russia with over 10,000 schools and 1 million users in the Ukraine. Dnevnik.ru is implemented under the auspices of the Russian Ministry of Education and Science and regional educational departments and committees.