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Russian tech entrepreneurship on the rise: Forbes identifies 10 “future unicorns”

February 3, 2022

Far from their native countries, Russian-speaking entrepreneurs are thriving in the world’s major tech hotspots — from Silicon Valley, to Western Europe, to South-East Asia. These entrepreneurs have colonized the world’s best accelerators, including such ones as Y Combinator, 500 Startups and Techstars. Russian-speaking entrepreneurs reportedly accounted for 40% of a recent Alchemist batch.  The …

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From diamond to unicorn: Aysen Nikolayev, Head of Yakutia, comments on IT developments in world’s coldest region

February 3, 2022

Geographers know Yakutia (also called Republic of Sakha) for its low temperatures, commonly dipping below −35 °C in winter, its capital Yakutsk being the world’s coldest large city. Economists and businessmen are aware of its considerable wealths in terms mineral exploitation, with a focus on diamond, gold, and tin ore mining industries. But Yakutia has also engaged on the road to technology development, with notable achievements in terms …

From diamond to unicorn: Aysen Nikolayev, Head of Yakutia, comments on IT developments in world’s coldest region Read More

VK acquires edtech businesses in Russia and Brazil

November 25, 2021

In the past few months, Russian Internet major VK (previously Mail.ru Group) demonstrated a strong appetite for online education — both in Russia and abroad.   In August the group, partnering with Alexander Galitsky, integrated its properties Skillbox and GeekBrains into a holding called Skillbox Limited. In October, VK completed the move by merging SkillFactory, …

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Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo

October 14, 2021

Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed.  Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its …

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The Untitled raises €100 million to relocate tech startups from Eastern Europe to Western jurisdictions

December 31, 2021

The Untitled, a Russian venture firm established in 2013, has raised €100 million for a new, London-based vehicle (‘The Untitled Ventures’) that will target startups relocating from countries of the former Soviet Union. This is twice as much as the initial target (€50 million) announced by the firm last year. “Russia and neighboring countries feature world-class programmers and high quality startups,” The …

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Leta Capital eyes “17,000 Russian-speaking tech entrepreneurs” based in the West

June 30, 2021

The Russian VC firm Leta Capital aims to invest in Russian-speaking tech entrepreneurs across the world. This is a huge pool of talents who left their home countries — including Russia, Ukraine, Belarus and some other former Soviet republics — to establish themselves in Western Europe, the USA and other geographies.  According to Leta Capital’s in-house research, “more …

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Love vs. AI, women in tech, American dream… Hot tech topics discussed at top regional conference (online event, May 12-14)

April 27, 2021

On May 12-14 EMERGE, a top tech conference covering Eastern Europe and Central Asia, will hold its third edition in an online format and in English language (more information and tickets here).  With participation from high-level speakers from the region and beyond, the program will cover a variety of topics such as: No planet B: how …

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The Untitled aims to raise €50 million to bridge Eastern European startups with Western Europe

July 14, 2021

The Untitled, a Russian venture firm established in 2013, is raising a new vehicle to invest across Eastern Europe with a focus on the former Soviet Union. With a €50 million target, the new fund will seek to invest at the seed and pre-Series A stages in such segments as B2B software, robotics, artificial intelligence, …

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Almaz Capital and Cabra VC lead $11.25 million round to support “world’s best personal gaming assistant”

July 27, 2020

Mobalytics, a California-headquartered startup with Ukrainian roots, raised a $11.25 million Series A round led by Almaz Capital and Cabra VC, two international funds with connections in Eastern Europe. The other investors include HP Tech Ventures, General Catalyst, GGV Capital, RRE Ventures, Axiomatic and T1 Esports.  Almaz Capital, Founders Fund, General Catalyst and GGV Capital …

Almaz Capital and Cabra VC lead $11.25 million round to support “world’s best personal gaming assistant” Read More

Almaz Capital leads $6.5 million for in-game item trading platform DMarket

June 18, 2020

DMarket, a Ukraine-born startup that uses blockchain to build “a user-owned gaming economy,” has just attracted $6.5 million in equity funding. The round was led by Almaz Capital with participation from video game company Xsolla. No details of the deal were disclosed.  Now headquartered in California, DMarket has developed a platform that “enables transparent and secure buying, selling, and …

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Runa Capital’s $157 million new fund will chase machine learning and quantum computing projects

May 12, 2020

Runa Capital, a Palo Alto-headquartered VC firm with Russian roots, has closed its $157 million third fund – above the initially considered $135 million target. “The fundraising started last year and went super fast, we were oversubscribed already months ago,” the firm’s managing partner Dmitry Chikhachev told East-West Digital news. Launched in 2011, Runa Capital’s first …

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Runa Capital raises $70 million to invest in ‘deep-tech’ startups

August 1, 2019

Runa Capital, a Palo Alto-headquartered venture investment firm with Russian roots, has closed $70 million for its third fund targeting early-stage “deep tech” startups. The firm started to market this fund a year and a half ago, seeking to raise some $135 million essentially from its existing LPs. Launched in 2011, Runa Capital’s first fund …

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