Central regions | Finance, business | Technology & innovation

Russian billionaire Mordashov invests in HR tech

6 Jul '17
Severgroup, a large-scale company owned by Russian billionaire Alexei Mordashov, has acquired a service for HR specialists called Potok, portal Firrma.ru reported.

Mr. Mordashov is said to have bought the HR platform from its founders and a group of financial investors in the project which included private high net worth individuals and United Business Angels, a closed consortium of angel investors from Russia and Europe. Now the Russian billionaire owns 100% of the HR service.

The deals value has yet to be announced. It has been made known, however, that one of the co-founders, Kirill Nikolaev, will keep the CEO position in the start-up, and the development team will be fully re-hired to continue work.

Set up in late 2016, Potok is an online platform that helps automate headhunting and recruiting. The service enables resume database storage, screening process control, hunt for possible candidates on specialized websites and social networks, etc. The platform currently serves more than 50 companies, operating on a subscription basis.

Severgroup already has a history of investing in technology start-ups. It earlier purchased a controlling 67.77% stake in Remontnik.ru, a Russian platform helping users look for handymen and repair teams. A spokesperson for Severgroup said the private investment corporation will continue to back HR tech and is closing several sizable deals in a near future.
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