RUSBASE

Rusbase is an open database of Russian start-ups, investors and transactions since 2008. Its website Rusbase.com also offers news stories and expert analysis about Russian IT startups, VCs, deals, trends, events and opportunities.

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Wedding startup from Tatarstan secures $400,000 from business angels

Russian wedding startup Wedvice, a resident at the business incubator of the Naberezhnye Chelny IT park, in Tartarstan, has received 25 million rubles (a little more than $400,000 at the current exchange rate) in investment. The investment came from Moscow businessman Alexander Borobyov, CSKA Basketballer Vitaly Fridzon and fellow IT park resident DoctorNet.pro. Among the service’s …

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Pearson inks deal with Russian online education platform ‘Azbuka’

Russian online education platform ‘Azbuka’ will soon offer customers access to electronic textbooks from global publishing firm Pearson. Based in London, Pearson is the world’s largest educational publisher, with its textbooks used by more than 100 million people worldwide. Azbuka (meaning alphabet, or ABC) is a Russian online educational service which offers access to electronic …

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Context ad technology startup K50 valued at $5 million in deal with AddVenture

Russian venture fund AddVenture has invested an undisclosed amount in K50, a Moscow-based startup which is developing an optimization and analytics solution for the contextual advertising market. The deal valued the startup at $5 million. K50’s founding team, which previously financed the startup, will retain a controlling stake. Founded in 2012, the startup launched its …

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QIWI launches new accelerator Universe 2.0

QIWI Venture, the investment arm of Russian electronic payment giant QIWI Group, has launched a new acceleration program, Universe 2.0. Like its predecessor, the program is intended to facilitate the quick launch of pilot projects which are looking to work in partnership with the company. QIWI hopes the accelerator will attract both major, established companies and …

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Austria’s S&T AG announces major Russian investment plan

The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015. The plan was announced by S&T Vice-President Alexander Malshakov, responsible for the company’s business in Eastern Europe. S&T AG plans to buy several Russian IT companies, …

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Coursmos attracts $600,000 seed investment

Online micro-course platform Coursmos has received $600,000 in seed investment in a deal led by Altera Capital Group with participation from Imperious Group. Coursmos has now raised a total of $1.2 million in investment since it was launched in March 2014. Coursmos offers 11,000 micro-courses across 20 areas, generating profit through user subscription fees of $8.88 per month. The project …

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Moscow Seed Fund concludes first investment cycle

Moscow Seed Fund, the venture arm of the Moscow City authorities, is concluding its first three-year investment cycle. In partnership with Softline Venture Partners, the fund supports venture investors in financing small businesses in the science and technology sector. It backed startups Context Broker and AppStarter at the end of 2012 and early 2013 respectively. Both startups have …

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Vaizra invests in Israeli and US startups

Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, has invested in startups Moovit and Boxed. Moovit is an Israeli app which helps users to plan journeys on public transport, and Boxed is a US app for wholesale buyers. Moovit monitors levels of traffic and the schedules of different forms of public transport in …

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3D mobile app startup developer GeoCV closes seed funding round

GeoCV, a startup which is developing a mobile app for creating 3D-models of interiors using mobile sensors, has received $100k investment from Starta Capital and the Moscow Seed Fund. Starta Capital provided a third of the funding, with the rest coming from the Moscow Seed Fund. GeoCV will also receive a further $50k from Starta Capital in the …

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Russian venture 2014 – The highlights

As a busy year draws to a close, RusBase has asked 10 Russian venture capitalists what they think were the most important events of 2014. Andrey Romanenko, Run Capital: “Considering that Run Capital was only founded in April, we think this year was a successful one. The most important event for us was our $6 million investment in …

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IIDF teams up with mobile operator Yota to support startups

Russian mobile operator Yota has become a partner of the Internet Initiatives Development Fund (IIDF, or FRII in Russian), the $200 million fund launched last year to support Russian Internet startups. The company will invest in the fund’s startups, and may also look at acquiring some projects. Startups will also benefit from the company’s support through …

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