GP Bullhound advises Avito.ru on its $75m financing round led by new investors Accel Partners and Baring Vostok Capital Partners

GP Bullhound, the technology investment bank, today announces the completion of a $75m financing round for Avito.ru, Russia’s leading online classifieds site, led by the new investors Accel Partners and Baring Vostok Capital Partners together with existing investors Kinnevik and Northzone. The company has close to 30 million monthly unique visitors spending on average an hour per month on the site while viewing over two billion pages with items for sale. Of these visitors three million people add six million new items to the site per month. To date, over 10 million Russians have listed items for sale on AVITO.ru.

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maximum, GP Bullhound advises Avito.ru on its $75m financing round led by new investors Accel Partners and Baring Vostok Capital Partners