InVenture Partners, a venture fund with Russian origins which invested in taxi booking app Gettaxi and in a range of Russian startups, has invested $5 million telemedicine startup American Well. This Boston, USA-based company uses mobile and web technology to “improve access to quality care, removing barriers such as distance, mobility, and time.”
The fund received a minority stake in the US company, a source close to the deal told Russian business daily Kommersant. No other details of the deal have been disclosed.
American Well’s service connects doctors with patients for live, on-demand video visits over the Internet and handles all the required administration, security, and record keeping.
InVenture Partners’ move comes as yet another illustration of the invest-abroad trend among Russian investors. The Russian market has lost much of its appeal for investors, InVenture believes, due to a lack of Series B funding and exit options combined with an unstable political and business environment.
