B2B Center, a Russia-based online procurement platform backed by Russia-based internet services provider Mail.ru, has raised venture funding.
The investment was led by venture firm Insight Venture Partners and private equity firm Da Vinci Capital Partners and also involved the backing of private equity firm Alpha Associates, and venture firm Runa Capital.
The firms invested $45m, according to news provider Business New Europe.
Daily trading volumes on the B2B-Center are between $70m to $300 million with average transaction sizes of about $700,000.