A pool of individual investors has put 431 million rubles (around $5.6 million at the current exchange rate) in Beri Zaryad, a Moscow-based smartphone charging service. As reported by Forbes, the investors include Alexander Kabatov, Valery Ivanov, Bogdan Leonov and Alla Merman. The funding has been split as follows: 102 million rubles in capital injection …
Russian investors put millions in smartphone service startups Read More
A new Russian tech billionaire emerged last week on the NASDAQ with the SPAC-enabled listing of Arrival, a company touted as a game-changer in the electric car industry. Born 42 years ago in the Soviet republic of Georgia, Denis Sverlov founded in first company — an ERP integrator called IT Vision — in 2000, immediately after graduating the …
This former Russian deputy minister is now worth $10 billion after NASDAQ IPO Read More
Swedish fintech player Digital Alliance AB and Russia’s QIWI Group have launched a new solution based on advanced SoftPOS technology. Initially launched in Russia under the brand ‘tap2go,’ the service will be made available on other markets in the course of 2021. The new service enables end users to accept card payments directly on their mobile devices, …
The board of the Artificial Intelligence Alliance met in late March in Moscow, providing updates about this organization created by large Russian companies 2019. An investment platform will be launched to “consolidate the AI project and idea pipeline” and provide participating companies with access to the corporate accelerators of the members. Dubbed ‘AI-Hub,’ this platform will also “allow …
Russia’s AI Alliance launches training programs, contests and an investment platform Read More
On April 8, the online fair ‘Your Next Move: Spotlight on the Baltics‘ will highlight the region’s fast-growing tech ecosystem and its opportunities for international talents, including from Russian-speaking countries. This online event aims to position Latvia, in particular, as a first-choice destination to build a professional carrier or do business within a number of companies, from …
New remote opportunities in the Baltics for tech talents worldwide (online fair, April 8) Read More
While Russian authorities have in recent months ramped up pressure on foreign social media and video hosting platforms, Kremlin spokesman Dmitry Peskov said today he hopes Russia will not be forced to block them. “No one wants a full ban and it would be silly to advocate for one, but it’s necessary to force these …
The rumors aired in late 2020 about dissensions between Mail.ru Group (an LSE-listed Russian Internet major) and Sber (the state-controlled financial and technology giant previously known as Sberbank) could be confirmed soon. The Financial Times learned that the two groups are considering splitting jointly-owned assets, including meal delivery service Delivery Club and ride-hailing service Citimobil. These companies are part of a joint …
Sber and Mail.ru Group “on the brink of divorce” (FT) Read More
The Russian Ministry of Digital Development considers providing AI developers with access to anonymized medical data of Russian citizens. As reported by business daily Kommersant, patients’ data could be used by companies working on AI-based solutions for disease diagnosis or prediction, as well as for epidemiological purposes. AI developers would be connected to a special …
Russia considers opening patients’ medical data to AI developers Read More
Dsight, a Moscow based business intelligence company with a focus on investment, has just released the English version of its yearly Russian venture report. The trends are disappointing, with a 20% contraction of total investment volume — from $869 million in 2019 to $702.8 million in 2020. Dsight attributes this fall to the “unpredictability of the …
2020 report: Russian VC market fell to $702 million, foreign investment reached new lows Read More
Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal have not been disclosed. Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studio’s portfolio features dozens …
Russian gaming giant Playrix acquires Ukrainian Boolat Games Read More
ICT Moscow, an internationally-oriented resource on technology development in Russia and Moscow, has released a dedicated section to feature blockchain practice in the country. Fifty-two practices are featured, involving such companies as Kaspersky Lab, M.Video, Megafon, Norilsk Nickel, Rostelecom, Russian Railways, Sber, S7 Airlines, as well as the Federal Tax Service of Russia and the …
From fintech, to transport, to medtech, blockchain practice takes off in Russia Read More
On April 7-8, more than 200 Russian and foreign speakers as well as thousands of attendees are expected to take part in the 15th edition of the Russian Venture Forum (RVF). One of the country’s leading industry events, this forum is held each year in Kazan, the capital of the Republic of Tatarstan. This edition …
