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October 25, 2011 12:46 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yS9ieikMDbY/
Tradeshifts New $17m Russian Round Shows Valleys Power Waning
Tradeshift, the social invoicing startup we broke in 2009, has secured $17 million in funding, a move which values it at $137 million in a round led by Moscow based funds ru-Net and Kite Ventures. Existing investor, Notion Capital, also participated. CEO Christian Lanng says the fact the money was raised outside the Valley show's the power balance is shifting towards Europe. That might well be the case, and the wheels were possibly helped turn by existing investor Morten Lund - the first investor in Skype - and long time associate Edward Shenderovich of Kite Ventures. But it's highly significant that Russian investors are starting to flesh their muscles outside Russia, and not just DST for a change.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yS9ieikMDbY/
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