Russian startup Multikubik has received an investment of $2.5 million from the Foundation for Development of Internet initiatives (FRII).
Multikubik manufactures portable mini-projectors in China under the brand Cinemood. The gadget can project film strips and cartoons on walls, ceilings or other surfaces.
The new funding will be used for production of the devices, the creation of new products, and expansion in the global market - primarily in the United States.
Read more: Rusbase