Zet Universe, Developer of Visual Collaboration and Sharing App Zet Universe, closes pre-seed round with 3 VC firms, led by Moscow State University (MSU) Business Incubator.

BOSTON, Aug. 14, 2013 /PRNewswire-iReach/ — Today at the Demo Showcase for Autodesk Executives, Zet Universe announced closing of pre-seed round of financing from 3 VC firms: MSU Business Incubator, LETA Capital and Altair.VC. The investment would help the company to complete its first visual collaborative and sharing app for Intel-powered ultrabooks and tablets running Windows 8.

Being the finalist of MassChallenge 2013, Zet Universe currently works on its first version of the product by tailoring the research prototype into the market-acceptable application. With experience from the leading high-technology companies, the team came together to create Zet Universe. Aspiration of the team is to change the way people use Intel-powered ultrabooks and Windows 8 touch devices (primarily slates).

The app will provide a new dimension for productivity on the touch devices. Zet Universe introduces a natural, touch-first, visual way to organize and share documents for the mobile information workers.

“A year ago, we came together as a group of creators from Microsoft, Google and Microsoft Research, and beyond because we needed better tools for visual information organization and sharing. Today we welcome MSU Business Incubator, LETA Capital, and Altair.VC teams to help us build an innovative suite of mobile productivity software”, said Daniel Kornev, CEO at Zet Universe, Inc.

Investors are optimistic about Zet Universe. “Zet Universe may open a new era of user interaction with the information contributing to the general trend of radical changes in human-computer interface. And there is no doubt that a skilled team of founders will be able to create a truly innovative product, so we are excited to support Zet Universe”, noted Sergey Toporov, Principal at Leta Capital.

“Zet Universe is like visual Dropbox and brings innovation into productivity software. We believe in the concept and are excited to support the team”, said Kirill Klokov, Partner at MSU Business Incubator.

“Altair.VC has been supporting and consulting Zet Universe during their participation in MSU Business Incubator program. They have made solid progress and have become one of the 4 Russian companies represented in the final of MassChallenge 2013. This proves the potential of the product and the team, so our decision to support Zet Universe came naturally”, emphasized Igor Ryabenkiy, CEO of Altair.VC.

A closed group of professionals from leading U.S. and Russian IT companies has already tried out the private alpha version of the product, and provided valuable input back to the product team. Following the initial test deployments, the company will invest the funds raised into accelerating the development of the next release to better address the business needs of the first customers.

About Zet Universe:

Founded in 2012, Zet Universe, Inc. (www.zetuniverse.com) focuses on visual file organization and sharing of information on mobile devices. Zet Universe offers new experience in processing of information designed to increase productivity of knowledge workers, primarily product managers and product designers.

About MSU Business Incubator:

Moscow State University (MSU) Business Incubator was founded in 2010 as part of university program to support innovative entrepreneurship. It is a subsidiary of Moscow State University named after M.V. Lomonosov and serves as business-accelerator for thoroughly selected startups (15 residents were selected from 323 applications). Alumni of MSU business Incubator have attracted over $3M of venture capital and created 129 jobs.

About LETA Capital:

LETA Capital – a corporate boutique venture fund founded by LETA Group, a Russian IT-holding Company with over $100 million dollars in revenue. Annually, LETA Capital makes investments ranging from $5 million to $7 million dollars. The deal size ranges from $400k to $2 million dollars. The fund is aimed at supporting innovative IT startup companies at their seed or early growth stage.

About Altair.VC:

Altair.VC is a seed fund investing to very early/seed stage startups, primarily in the areas of Internet and Mobile. The fund has extensive operational and investment experience in Russia, Europe, China, and the USA. Altair.VC takes a leading investor role, mentor startups and provide operational support when necessary, but is also comfortable with making investments as part of a syndicate.

For more information, please inquire:

Pavel Kuzmenko

Sales and Marketing Director

+7 9636107185

Pavel_Kuzmenko@zetuniverse.com

Media Contact: Pavel Kuzmenko, Zet Universe, +79636107185, Pavel_Kuzmenko@zetuniverse.com

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