Baring Vostok

Tim Bradshaw

Investment continues to pour into the soaring Russian internet market, which recently overtook Germany as Europe’s largest by users.

The latest mega-deal sees Avito.ru, a Russian online classified site along the lines of Craigslist, raising $75m from local private equity firm Baring Vostok and global venture capitalists Accel Partners, alongside existing investors Kinnevik and Northzone.