Search Results for: bright capital

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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Russian mapping major 2GIS acquires Belarusian geo-marketing startup

April 28, 2021

2GIS, a leading mapping service owned by Sber, is in the process of acquiring RocketData, a successful geomarketing startup from Belarus. Founded in 2017, RocketData provides an “easy-to-use platform to manage your company’s business information and user reviews among more than 30 location-based services” — from maps, search engines and directories, to GPS devices, to social networks. RocketData …

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Two startup entrepreneurs from Russia aim to “revolutionize SME finance” in Germany

March 22, 2021

Earlier this month in Germany, a Russian-founded startup  launched a “4-in-1 finance platform” for SMBs — a solution that automates admin and accounting processes.  The startup, dubbed Monite, also announced the completion of a €1.1 million pre-seed funding round, which involved no less than 10 investors. Among them are Berlin-based signals Venture Capital, Zurich-based Tomahawk VC, Turkish fund InVentures …

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Lithuania, Europe’s new startup hotspot, welcomes globally-minded entrepreneurs

February 13, 2021

Did you know Lithuania ranks #4 in the world for its fintech ecosystem; #11 for ease of doing business; and #1 for the speed of its public Wi-Fi? No wonder why this country is attracting a growing number of startups from across the world, including Eastern Europe. Its high quality of life, low cost of living and …

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RVC head under house arrest: Russian investment world rocked by yet another criminal case

June 8, 2020

Late last week the head of Russian Venture Company (RVC), Alexander Povalko, was arrested then placed by a Moscow court under house arrest for 45 days. The FSB (Federal Security Service) and police officers ransacked his home.  It is the latest high-profile legal case to have rocked the Russian investment world — and market players have been …

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Saul Orbach: “One of the challenges of Eastern European startups is to create solutions that have more than a local appeal”

April 19, 2019

International venture partner Saul Orbach recently visited GoTech, a major startup event in Moscow. In this interview, Orbach analyzes the challenges faced by startups from emerging markets willing to go global, providing an interesting comparison between Eastern Europe and Latin America. You are a venture partner of Starta Ventures and BrightSky ventures. Starta Ventures works …

Saul Orbach: “One of the challenges of Eastern European startups is to create solutions that have more than a local appeal” Read More

Former minister and investor Mikhail Abyzov detained in criminal case in Moscow

April 2, 2019

Former Open Government minister Mikhail Abyzov was detained yesterday in Moscow. A figure of the Russian electricity market, Abyzov was also involved in the venture business in the early 2010s. He is now accused of having embezzled and hidden abroad 4 billion rubles (around $62 million). According to the investigation, Abyzov and his accomplices stole …

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500 Startups mentor Tristan Pollock: “What surprised me about Moscow winter and Russian startups”

December 11, 2020

In late 2018, the Russian state bank Sberbank and 500 Startups launched a joint acceleration program intended for Russian startups with a global potential. Thirty companies enjoyed the support of 25 American mentors and entrepreneurs-in-residence who made the trip to the Russian capital. Among these entrepreneurs-in-residence was Tristan Pollock, whom East-West Digital News met in …

500 Startups mentor Tristan Pollock: “What surprised me about Moscow winter and Russian startups” Read More

Rusnano exits US Wi-Fi chipset provider Quantenna with high return

February 18, 2019

Rusnano, the Russian state-controlled nanotechnology corporation, has exited Quantenna Communications, a US-based provider of high-performance Wi-Fi solutions, six years after an investment of around $20 million in the company. Revealed by SEC documents and confirmed by Rusnano, the exit transaction took place December 2018. The Russian firm received some $43 million in exchange for its …

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Leta Capital’s new $50 million fund helps software startups “eat up the world”

November 19, 2018

In early 2018 Leta Capital launched its second fund to invest in promising software technologies. As much as $50 million were contributed by Alexander Chachava, the founder and CEO of IT security solution provider Leta Group, and a few family offices, told us fund partner Sergey Toporov. Among the investors are also the founders of …

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Moscow-based “funtech incubator” invested in 20 companies in one year

August 29, 2018

The Moscow-based investment firm FunCubator has invested 35 million rubles ($550,000) in PlatformaVR, a Russian VR-oriented game publisher. The deal was closed in April and publicly announced earlier this month. The funding will be used to create new content as well as for PlatformaVR’s international expansion. The startup has “one of the strongest teams in …

Moscow-based “funtech incubator” invested in 20 companies in one year Read More

Oskar Hartmann: “Everything is the same in Russia, but just comes a little bit later”

March 14, 2018

Born in Soviet Kazakhstan, Oskar Hartmann emigrated to Germany as he was still a child. In 2008, at the age of 27, he moved to Russia with the aim to launch his first business. He founded KupiVIP, Russia’s first flash-sales fashion site. Supported by international investors, and taking advantage of the opportunities of the Russian …

Oskar Hartmann: “Everything is the same in Russia, but just comes a little bit later” Read More

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