Quintura, a Russian hot search startup, has reported they have received funding from Mangrove Capital Partners of Luxembourg. Interestingly, Mangrove Capital Partners was also an early investor in Skype. I have highlighted Quintura a few times on Somewhat Frank but most recently due to the launch of Quintura as a web-based visual search engine application. The deal is the first Western VC investment made in an Internet company from Russia.
What does Quintura plan to do with the money? Yakov Sadchikov, co-founder and CEO of Quintura had this to say:
"We plan using the venture capital to take the Web by storm and reach millions of web users globally when launching the Quintura visual find engines for various user communities. We are also starting an affiliate program for most popular web-sites and blogs such as Digg, Netscape, and others where they can easily make their current tag clouds very interactive."
I cannot wait to see Quintura's unique interactive word cloud on these other social media communities. It should be rather intriguing. For other blogosphere perspectives check out Read/Write Web, Mashable and Go2Web2.