In early May TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $200,000 investment in Israeli startup Drippler, in exchange for a 1.86% share.
Drippler is a mobile and web-based discovery service helping people adopt everyday technology in an easy and interactive way. Drippler provides users with daily tech tips and recommendations, ranging from new apps, products and features to how-to’s and various updates.
The startup, which claims to serve more than 5.5 million users, has drawn the attention of by such leading brands as Samsung, ASUS, Verizon and AT&T. In was selected by Google as one of the Best Apps of 2013.
TMT, which is listed on the London Stock Exchange, has raised $28 million since its inception in 2010. Its portfolio includesmore than 25 startups from the USA, Russia and other countries, including software publisher rollApp, self-service video network Virool, mobile advertising network Adinch, online service for publishers Graphicly, software publisher Pipedrive and farm management solution developer WeatherMe OÜ.
The fund’s latest investment, in March of this year, went to San Francisco-based startup KitApps, which has edeveloped an event planning mobile app platform.
