Earlier this month Russian state atomic energy corporation Rosatom announced that it will inject 6 billion rubles (a little more than $100 million at the current exchange rate) in a corporate venture fund. Earlier this summer President Putin urged Russia’s largest corporations, including Rosatom, “to create subdivisions that will work closely with startups and small …
Last week DataSine, a Russian-co-founded startup based in London, announced that it secured €1 million for its business expansion. The pool of investors included Sistema VC, the venture arm of the Russian conglomerate Sistema, Force Over Mass, a London-based venture fund, and C.Entrepreneurs, a joint venture of Cathay Innovation and BNP Paribas Cardif. DataSine’s proprietary …
Cherry Labs, a Russian-founded startup an AI-powered solution of which “provides your family with the safest, smartest and most-private home possible,” secured $840,000 from Gagarin Capital, a US-based venture fund with Russian roots, and two Russian funds — Impulse VC and Altair Capital. The round also involved such individual investors as Alexander Agapitov, Yuri Gursky, …
Russian-founded AI startup secured $840,000 to “redesign home security” Read More
Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, has already secured $1.3 million in its ongoing pre-ICO campaign. The news was reported last week by Russian online publication Firrma.ru. The fund were brought by US-based fund Uncharted Capital (Playkey has managed to secure some $300,000 from …
SOLventures, a Russian venture fund focusing on IT and e-commerce projects, has just taken part in a $3 million round of funding for Armenian food delivery startup Menu Group. The round also involved such US-based funds as Perea Capital and Hayastan 1. Menu Group, which touts itself as “the leader of the restaurant food delivery …
Russian and US funds team up to support Armenian food delivery startup Read More
Earlier this month Russian cell phone operator MTS acquired a majority stake (50,82%) in Oblachyi Retail (“cloud retail” in Russian) for 620 million rubles ($10.8 million at the current exchange rate). The news was reported by local online publication Firrma.ru based on its exchanges with MTS. The funding includes 30 million rubles (roughly $525,000) for debt repayment, …
Russian mobile operator invests $10.8 million in local retail software developer Read More
BBFpro, a Novosibirsk, Russia-based bitcoin selling company, has installed ten cryptocurrency ATMs in the city, as reported earlier this month by the Russian media based on company statements. To create the new terminals, the company has rewired traditional ATMs. These have been installed in beverage shops, where the rent is twice lower than in shopping …
Last week at the Eastern Economic Forum three major Russian institutions – the Far East Development Fund, the fund of funds RVC, and nanotech giant Rusnano – signed a partnership to launch a new regional venture fund. Dubbed ‘Far East high tech development and implementation fund,’ the new investment vehicle aims to develop innovation and …
New state-backed venture fund aims to invest $175 million in the Russian Far East Read More
The Blackmoon Crypto Platform, which presents itself as “a one-stop solution for asset managers to create and manage legally compliant tokenized funds,” has raised over $20 million in just one day through an ICO launched on September 12. On September 1, the startup raised $10 million through a pre-order campaign which started on August 5. …
In its unaudited IFRS results made public last month, Mail.Ru Group, a leading LSE-listed Russian Internet group, has estimated “the negative effect of the blocking of its services in Ukraine in Q2 is around 1.5% of total revenues in 2017.” In mid-May, Ukrainian President Petro Poroshenko signed a decree applying sanctions to 468 legal entities …
Mail.Ru Group has lost 1.5% of its annual revenue after being banned in Ukraine Read More
According to a resolution published last week, the Russian government intends to create an IT and telecom infrastructure for driverless transport across the country’s roads and highways. According to the plan, the rollout will start with large cities as well as the north-south and east-west transport corridors. Artificial intelligence solutions will be used in public …
Russia prepares to develop high-tech infrastructure for driverless transport Read More
On July 21, the members of the Russian State Duma approved in the third reading three bills to regulate Internet and telecom services in Russia. After the almost unanimous vote of Russia’s senators today, the laws are now pending approval by President Putin. [Update: The President signed the laws on July 30.] No more access to …
