Adrien Henni

Moscow City launches investor-friendly startup incubator

September 5, 2013 September 5, 2013

In late August, the Moscow Innovation Development Center (IDC), an agency established last year by the Moscow government to foster high tech sectors in the capital, launched its first incubator, christened “API Moscow.” Located in Digital October, a major tech event venue in Moscow’s center, the incubator already hosts no fewer than 30 startups, providing them with infrastructure …

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PayPal to integrate rubles as its 26th currency

August 28, 2013 August 28, 2013

Earlier this month Vladimir Malugin, PayPal’s regional director for Russia, announced the addition of the ruble as an official PayPal currency. Starting from mid-September Russian users of PayPal will thus be able to pay for purchases in stores, accept payments, transfer money to other users’ accounts, and withdraw money from bank accounts in the Russian national currency. …

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Qiwi announces first venture investment deals and an enlarged investment focus

August 26, 2013 August 26, 2013

Leading Russian payment company Qiwi, which launched an in-house venture activity in early 2013, announced earlier this month its first investment. The group invested in Carbay.ru, a web and mobile service created in May of this year to help professional car dealerships place classifieds on a variety of third-party online resources, including social networks. “Not only …

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Almaz Capital invests in US big data solution provider and launches new $102 million fund

August 9, 2013 August 9, 2013

Almaz Capital Partners, one of the most established Russian venture funds, has discretely launched a second fund with $102 million under management. No noisy announcement was made, but the news was reported in late July by the financial press and the fund’s Crunchbase page has been updated correspondingly. “Our first fund has exhausted its capital. …

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Opposition leader Alexey Navalny gets unprecedented support from innovation entrepreneurs

August 7, 2013 August 7, 2013

Alexey Navalny, a prominent Russian anti-corruption blogger, protest leader, and now a self-styled ‘prisoner of conscience,’ has received support from a group of 38 Russian digital industry entrepreneurs in the race for Moscow’s mayoral office. Navalny, 37, undertakes his campaign as a convict and thus creates political uncertainty, an element absent in recent Russian elections.

Media3 acquires realty classifieds site Cian.ru with leadership ambitions

July 29, 2013 July 29, 2013

A few months after the merger of Avito,ru, Olx.ru, and Slando.ru, which have formed Russia’s leading online classifieds company, market consolidation continues with Media3’s acquisition of Cian.ru. A major Russian media publishing, commercial printing, and distribution group, Media3 plans to merge Cian.ru and Dmir.ru, a sizable classifieds group with seven thematic platforms – including real …

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Californian startup raises $700,000 to put an end to “résumé spam”

July 23, 2013 July 23, 2013

Investing in US startups has become a habit for certain Russian venture funds, as shown by a recent $700,000 capital injection into California-based Venturocket.com, an innovative online “talent discovery platform.” The round was led by Runa Capital, a venture fund with offices in Moscow and California, with the participation of Talent Equity Ventures, the venture arm of a Russian …

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Cross-border sales operator Bay.ru launches in-house fulfilment service

July 11, 2013 July 11, 2013

In a bid to enhance cross-border sales operations from the U.S. to Russia, mail forwarder Bay.ru (Bayru) has launched its own fulfilment service, which it expects to serve half of its delivery operations by the end of the year. Christened Dostami Express, the new service has required as much as $700,000 in investment since the …

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Package tour reseller Travelata.ru secures $5 million investment from Poland’s MCI

June 28, 2013 June 28, 2013

Moscow-based startup Travelata.ru has just raised $5 million in a Series A round from Polish private equity fund MCI Management. The capital injection went through Invia.cz, one of MCI’s portfolio companies, which sells package tours online in the Czech Republic and four other Eastern and Central European countries. The funding will be used to further …

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Moscow startup FoodRock Menus launches SaaS platform for restaurant industry

June 27, 2013 June 27, 2013

FoodRock Menus, a B2B2C startup founded in Moscow by a British expat with a Russian partner, has just launched its first products, testing the waters of the SaaS market for Russia’s restaurant industry. Offered under a freemium model, the company’s “Live Menus” software enables restaurants to manage their online menus from a single place and …

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Online dating service Mamba introduces one-click payments

June 18, 2013 June 18, 2013

In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the recurring use of its service easier. Once a user’s bank card is registered for a first-time payment, subsequent payments are pre-authorized based on information …

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Lamoda.ru secures $130 million from Western funds

June 11, 2013 April 21, 2017

Lamoda.ru, one of Russia’s four leading online fashion retailers, has just secured $130 million from Access Industries, Summit Partners and Tengelmann. The transaction marks the most significant investment volume in the history of Russian e-commerce, topping a $100 million funding deal completed in September 2011 for Ozon.ru. Lamoda offers more than 1,000,000 products and 800 international brands. It …

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