Jane Kuhuk

AddVenture invests $4.5 million in Russian home-cleaning service

November 23, 2017 November 23, 2017

AddVenture, a major Russian venture fund, has invested $4.5 million in the Russian home-cleaning service Qlean in a deal valuing the startup at $80 million. AddVenture had previously invested $1.2 million and $3.5 million back in 2015 and 2016. Qlean’s founders still retain a majority stake in the company. The news was reported earlier this week by Russian …

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Baring Vostok and Elbrus Capital acquire additional stakes in online ticketing service Busfor

November 22, 2017 January 23, 2018

InVenture Partners, a major Moscow-based fund, has sold its share in Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine. The news was reported earlier this month by Russian business daily Vedomosti. The stake was acquired for an undisclosed amount by private equity funds Baring Vostok Capital Partners and …

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Russian startup raises $3.3 million to reduce side effects of drugs

November 21, 2017 November 21, 2017

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced its intention to invest 195 million rubles in Personal Medication & Health Management (PM&HM). In exchange for this capital injection (the equivalent of $3.3 million at the current exchange rate), the fund will receive a 35% …

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Russian eSports company attracts $10 million to expand in Russia and internationally

November 17, 2017 November 17, 2017

Last month Winstrike, a Russian globally-oriented eSports company, has attracted $10 million from private investor Nikolai Belykh and several business angels. The news was reported by Vedomosti based on its exchanges with Jaroslav Komkov, Winstrike’s CEO, and the investor. Belykh will receive a 25% stake in the company, the Russian business daily reported. The funding will be …

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Money lending startup CarMoney secures $10 million from local investors

November 15, 2017 November 15, 2017

CarMoney, a Russian startup which allows you to borrow money against your car, attracted a $10 million bridge round from Russian business angels. The investors the names of whom remain undisclosed acquired a minority stake in the company. The news reported last week by the local tech blog Firrma.ru. The fresh capital will be used …

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Russian procurement automation startup expands to Spain

November 15, 2017 November 15, 2017

MixCart.ru, a Russian startup with a B2B service for suppliers and restaurants to connect and automate their procurement processes, will enter the Spanish market. The news was reported last week by Russian online publication Firrma.ru, which cited exchanges with the company. The company is planning to expand to Indonesia, Poland and the Baltic states. Founded in 2016 …

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State-backed Russian-Chinese fund participates in $1 billion round for Chinese e-car manufacturer

November 13, 2017 November 13, 2017

Last week the Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, announced that it took part in a $1 billion Series D round of investment in Chinese e-car maker NIO. Led by China-based Tencent Holdings, the round also involved several institutional investors from the United States, Western Europe, Asia and …

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Altair VC teams up with international investors to back Indian healthcare startup

November 13, 2017 November 15, 2017

Just days after Russia’s Sistema Asia Fund invested in the Indian healthcare startup Netmeds, Altair VC, a fund with Russian roots operating internationally, participated in a $5 million round for another Indian healthtech startup, DocTalk. The deal was reported last week by the Times of India. Led by two California-based funds — Matrix Partners and Khosla …

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Russian motor oil manufacturer secures $500,000 in pre-ICO to construct new plant

November 10, 2017 November 10, 2017

Polymerium, a Russian brand of auto chemical goods and engine oils, raised $500,000 in its pre-ICO campaign, the company announced last week. The company is planning to use the money “to construct a big plant,” build the franchise network worldwide and fuel the production of its anti-forgery Blockchain-based protection system ArmPACK. ArmPACK is presented as …

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China to provide up to $3 billion in loans to support Russian infrastructure and high-tech projects

November 6, 2017 November 6, 2017

Last week Russia’s Vnesheconombank (VEB) announced that it signed an agreement with the Export–Import Bank of China (China EximBank) for an “up to $3 billion” framework line of credit. The two banks are owned by their respective governments. The agreement was signed in the presence of Russian Prime Minister Dmitry Medvedev and Li Keqiang, Premier …

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Russian and Cambodian investors team up to back Indian healthcare startup

November 2, 2017 November 14, 2017

Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam have injected $14 million in the Indian healthcare startup Netmeds. Among the earlier investors in the startup are investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family. Sistema Asia Fund targets …

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MegaFon and Raiffeisenbank complete first Blockchain bond placement in Russia

October 31, 2017 October 31, 2017

Earlier this month MegaFon, a major Russian mobile operator, announced the completion of a 500 million ruble (around $8.6 million) bond issue with Blockchain settlement. The entire issue was purchased by Raiffeisenbank. The system, which was developed in the course of this year, is intended for bond placement and circulation of digitized assets, making accounting …

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