Travelmenu raises $1.6 million in Series A financing to push position in Russia and the Ukraine

MOSCOW, 25 May 2011 – Travelmenu today announces that it has raised $1.6 million in growth capital from Almaz Capital Partners, general partner of the Almaz Capital Russia Fund I (also known as the Almaz Capital/Cisco Russia Fund I) and Runa Capital, two leading venture capital firms in Russia. Travelmenu will use the funds to invest in a direct-to-consumer marketing campaign and build additional sales infrastructure.