Russian geolocation service AlterGeo has reportedly raised $10m from Intel Capital and Almaz Capital – a 25% share increase – and values the company at around $20-25m.
Serial investor Esther Dyson, who has a track record in Russia, having previously invested in Russian search engine Yandex (a partner of AlterGeo‘s), is also said to have participated.
The company plans to use the new financing to expand its user base and develop new services.
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