Adrien Henni

Hot Russian mobile advertising market attracts domestic and international investors

November 11, 2013 November 11, 2013

Russia’s vibrant mobile advertising scene has seen two major moves in the last few weeks with the launch of ad network AdCamp by Pult Group and IMHO Vi and the announcement of a $3 million investment in mobile RTB platform AdMoment by two venture funds. “As digital devices tend to converge, mobile increasingly dominates our …

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Ozon seeks to raise $100 million

October 29, 2013 October 29, 2013

Leading Russian online retailer Ozon is preparing for a new $100 million round of investment. Morgan Stanley has been mandated to conduct this next round of financing, as announced yesterday by Russian business daily Kommersant. “The funds will be used to expand our logistics system and consolidate the e-commerce market in the three areas where …

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Russian VCs and entrepreneurs discuss high tech globalization in Israel

October 25, 2013 October 25, 2013

Special attention was paid to the booming Russian innovation and venture scene and its globalization last week at Journey 2013, an event organized by Ernst & Young in Tel Aviv. A “Journey Into Russia” roundtable presented Russia’s high tech scene to several key representatives of the Israeli and global venture capital community in attendance. Professor …

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Automated navigation robot developer raises $500,000, launches warehouse equipment pilot system

October 22, 2013 October 22, 2013

Earlier this month, RoboCV, a Moscow-based startup developing autopilot solutions for vehicles and industrial equipment, raised $500,000 from LETA Capital, the venture branch of Russian IT security group LETA. RoboCV employs 15 people and is developing “a universal autonomous navigation robotic unit,” which it describes as “a compact device with a built-in associated navigation system …

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International study sheds full light on Russia’s online video market

October 18, 2013 October 18, 2013

In partnership with comScore, Ernst and Young and The Next Web, East-West Digital News is releasing a 100-page study on the Russian online video market, a fast-growing segment that deserves renewed attention. A variety of factors is set to drive strong further growth, from the new anti-piracy legislation – which is likely to increase content …

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Yandex acquires leading movie portal KinoPoisk from France’s AlloCine

October 16, 2013 October 16, 2013

Yandex, Russia’s leading search engine and major Internet group, announced yesterday that it acquired KinoPoisk (in Russian: “Cinema Search”), the largest Russian language portal on movies, TV programs and celebrities. This site’s database contains 100 million movie descriptions and ratings with associated trailers, user commentaries and advertising. Each month, it attracts nearly 16 million unique …

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St. Petersburg CRM software startup Fresh Solutions raises $1.1 million to prepare international expansion

October 14, 2013 October 14, 2013

Fresh Solutions, a St. Petersburg-based publisher of cloud-based CRM solutions, has secured 37 million rubles (a little more than $1.1 million) from Imperious Group. The startup was valued at $6 million pre-money, East-West Digital News learned from the press service of Ingria, the major St. Petersburg technopark that incubates the startup. Founded in 2011, Fresh …

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E-book distributor LitRes raises $5 million from Russian Internet Technology Fund

October 11, 2013 October 11, 2013

LitRes, a leading online retailer of Russian language e-books, has raised $5 million from Russian Internet Technology Fund (RITF), a $50 million fund established earlier this year. The company’s valuation has not been disclosed, but the fund stated that it had received “a significant stake” in the company. With $7 million in sales in 2012, …

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Yandex’s mapping of Europe now not worse than that of Google

October 8, 2013 October 8, 2013

Eleven months after its first attempt to map Europe, Yandex, the Russian search giant, introduced a debugged and improved version last week, showing a more in-depth map of the continent and enabling users to look for itineraries and route trips. The improvements have indeed been dramatic since the previous versions if judging by the map …

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PayPal launches in Russia while Russian e-currencies go global

September 18, 2013 July 6, 2015

Yesterday PayPal became available to Russian users for domestic operations with the ruble as its 26th currency. The international payment company started serving Russian users in 2006. So far, however, Russians could only use PayPal on foreign sites and via other currencies. Furthermore, they could not withdraw their money from PayPal account to Russian banks.

$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic

September 10, 2013 September 10, 2013

Last week Palo Alto, California-based startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced that it has secured an investment from Maxfield Capital, a $100 million Russian venture fund that focuses on the IT and Internet segments. The startup, which has Ukrainian and Russian roots, also announced the appointment of Silicon …

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Moscow startup Goodwin turns magazines, TV screens, and subway advertisements into supports for mobile commerce

September 9, 2013 September 9, 2013

While Russian retailers are experimenting increasingly with multichannel approaches, Goodwin, a Moscow-based startup that has just secured seed investment, is introducing a pioneering mobile commerce project. Inspired by the Amazon Flow concept, Goodwin lets smartphone owners buy products from “virtual storefronts” – which can be almost anything from an article in a magazine, to a …

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