The Internet Initiatives Development Fund (IIDF) invests 5 million rubles (equivalent to $67 thousand) in Flomly, developer of a sales management service in unorganized retail for distributors and manufacturers . The startup will use the funds received to promote the service in the Russian regions.
Flomly was founded in 2019. The startup uses its own text analysis algorithm to work with big data and works on a subscription basis. Clients of the service, according to the company's own data, are 10 major manufacturers and distributors, including Unilever, Valio and Splat.
Alexey Grinenko, IIDF Investment Manager