Search Results for: "invest abroad"

Eastern European edtech startup backed by Russian and South Korean investors to go global

February 19, 2020

In late January the Russian-born edtech startup Novakid closed a $1.5 million funding round involving South Korean VC BonAngels and Russian VC firm Leta Capital. The money will be used to develop Novakid’s technology further and to support its international expansion plans.  Founded in 2017 by Max Azarov, Novakid touts itself as “a next-generation early English learning …

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Local search and city navigation service 2GIS secures $40 million to expand in Russia and internationally

February 11, 2016

Bold enough to compete with the mapping services of Yandex and Google, 2GIS, a Novisibirsk, Siberia-based company, has raised $40 million from two major investment funds, Baring Vostok Capital Partners and Ru-Net. Launched in 1999 and now developing across three continents, 2GIS (pronounce “double giss”) is one of the least known but most remarkable Russian technological firms. The …

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New Russian high tech fund to invest up to $20 million in startups across the globe

March 18, 2013

In a new illustration of the vibrant activity of the Moscow venture scene, Maxim Shekhovtsov and Alexander Zhurba – founders of TexDrive, one of the city’s largest startup accelerators – announced last week the creation of a fund dedicated primarily to IT projects in Russia and around the world. Christened Genezis Capital, the fund actually …

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Russia’s Bright Capital leads investment round in German wine online retailer

March 12, 2013

The invest abroad trend among Russian financial institutions was demonstrated again last week by a capital injection of “several million euros” in Wine in Black, a German premium wine online retailer. The round was led by Russia’s Bright Capital Digital with existing investors – e.ventures (Hamburg), Passion Capital (London) and Project A (Berlin) – also participating “significantly.” Wine …

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US cloud computing firm gets $7.5 million from VTB Capital

February 21, 2012

The invest abroad trend among Russian financial institutions was demonstrated again yesterday by a $7.5 million capital injection in Eccentex, a California-based cloud computing solutions provider for dynamic case management. The round of financing was led by VTB Capital, the investment arm of VTB Group, a leading Russian state-controlled financial group. Neither the terms of the …

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Russian funds assert themselves on the international venture scene

November 24, 2011

Ru-Net, a major Moscow based venture fund, launched the American arm of its activity last month by establishing RTP Ventures, making its $700 million under management available to US Internet, SaaS and cloud computing companies. A few weeks earlier, the fund had participated in a $60 million round of financing – along with German based Rebate Networks …

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