Skype investors to bankroll a Russian visual search engine

The company Quintura, famous for its visual search system of the same name, will receive substantial investment from the venture funds Mangrove Capital Partners (Luxembourg), ABRT Venture Fund (St. Petersburg) and OpenView Venture Partners (Boston). Mangrove Capital Partners is one of the early Skype investors, and the upcoming investment in Quintura will be the first investment by Western venture funds in a Russian Internet company. In an interview with StartupSquad.com, Quintura CEO Yakov Sadchikov said: "We plan using the venture capital to take the Web by storm and reach millions of web users globally when launching the Quintura visual find engines for various user communities."