Mikhail Dubakov’s Fibery startup raised $5.2 million in investments from Israeli fund Tal Ventures and Igor Ryabenky’s Altair Capital. This was reported to RB.RU by the businessman himself.
“We have found a product/market fit and now first of all we are planning to strengthen the marketing team. Our goal is to double our revenue this year and bring it to at least $1 million ARR (annual renewable revenue, ed.),” Dubakov said.
The entrepreneur did not specify the distribution of shares based on the results of the round and the evaluation of the start-up.
Fibery develops a flexible no-code platform for business management. The system can be used to create plans and roadmaps, track their implementation, write and store documents, manage HR processes, track vacations and blog posts. Mikhail Dubakov founded the startup in 2020.
According to Crunchbase, the current A round was completed in September 2022 and is the company’s second. The initial round took place in July 2021, when Fibery raised $3.1 million from Altair Capital. Thus, the total investment in the project reached $8.3 million.
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