Aurora takes 25% stake in Russian travel social network

July 5, 2012 By 1 Comment

Russian venture capital firm Aurora has invested an undisclosed amount to acquire a stake in travel social network xLander.

A statement on the xLander website says Aurora has taken a 25% stake in the social network for travellers, which has 300,000 predominantly Russian users.

The statement adds that funds will be used to further develop the service for users as well as travel and tourism companies.

According to a local report the investment is worth between US$1.2 and $1.8 million.

Other Russia-based start-ups have been attracting investment lately notably Ostrovok in January and Oktogo with $10 million in March.

Moscow-based xLander was founded in 2009 to help travellers plan trips and share travel experiences.

NB: Hat-tip to Quintura blog

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Linda Fox About Linda Fox

Linda Fox is a reporter for Tnooz. For the past six years she has worked as a freelance journalist across a range of B2B titles including Travolution, ABTA Magazine, Travelmole and the Business Travel Magazine.

In this time she has also undertaken corporate projects for a number of high profile travel technology, travel management and research companies.

Prior to her freelance career she covered hotels and technology news for Travel Trade Gazette for seven years. Linda joined TTG from Caterer & Hotelkeeper where she worked on the features desk for more than five years.

Comments

  1. Alexander Maltsev says:
    July 6, 2012 at 3:59 am

    Excuse me, but I have never heard about xLander and I work in this industry :)

    Reply

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