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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Russian mobile network solution provider Fairwaves joins US accelerator Techstars

September 26, 2014

Russian project Fairwaves has announced on its website that in August it joined US accelerator Techstars. According to Russian business publication RBC, Techstars has invested $118,000 in Fairwaves in exchange for a 6% stake. The company previously received $80,000 investment from the Dutch fund NLnet, $260,000 from the New America Foundation Open Technology Institute, around $50,000 from the …

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TMT Investments backs Israeli startup Twtrland

September 18, 2014

Earlier this month TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced an investment in Israeli startup Twtrland. The size of the investment has not been disclosed. Twtrland analyses social network content to help users find new contacts based on social media output, interests, age, location etc. It also provides graphics to help users visualise their …

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TC Disrupt winners – “pale imitations of Russian startups?”

September 16, 2014

Twelve months ago at TechCrunch Disrupt in San Francisco, Russia had its very own ‘pavilion’ on Startup Alley featuring some of Skolkovo’s best projects. How times have changed… This year Stanislav Sazhin, CEO of social network for health professionals, “Doctor at Work”, commented that “last year there was a whole crowd from Russia. This year it …

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New Russian fund aims to restart struggling startups

September 15, 2014

Dmitry Filatov, co-founder of dating service Topface, has launched a new venture fund targeting “Internet companies with problems”. The fund, named Restart Capital, aims to buy into companies facing financial difficulties and turn them around through restructuring and an effective marketing strategy. Restart Capital will principally target social networks, mobile services (but not those that rely …

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Digital marketing agency Ingate launches venture fund

September 11, 2014

Ingate, a major digital marketing agency with offices in Moscow and  Tula, has launched a new venture fund with $15 million to put into new projects. Ingate Venture will invest in projects at the startup phase, with turnover of at least one million rubles (approximately $27,000) per month. It will focus on Internet marketing, social media and web …

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Action Media Group invests $200,000 in SaaS service Arnica.pro

August 30, 2014

Action Media Group, a large Russian B2B-publishing house, has invested $200,000 in SaaS service Arnica.pro. This is already the third round of investment for the company. Arnica.pro is aimed at smaller beauty salons, who can use the software for client registration, staff work schedules, CRM, transactions, accounts and integration with external services. The company was founded …

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Electronic prayer mat invented in Dagestan

August 27, 2014

A startup from Makhachkala in Dagestan, southern Russia, has come up with an out of the ordinary new product. Developer Eldar Klyichev has designed an electronic prayer mat, which helps Muslims to keep track of rakats, the ritual movements and words used during Islamic prayer. The electronic prayer mat is equipped with touch sensors which help …

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Russian subsidiary of Poland’s Asseco launches division in Crimea to serve local banking sector

August 26, 2014

Banking and finance software developer R-Style Softlab, based in Russia and owned by Polish company Asseco, is opening a new division in Crimea. Its office will be in Sevastopol. The department will specialise in software development for the banking sector, particularly banks located within Crimea and nearby regions. The company expects that by the end of the …

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Fitness bracelet Healbe receives $2.6 million investment

August 15, 2014

Project Healbe has received $2.6 million investment from a group of unnamed private investors, along with Dmitry Chalyy, Alexander Tarakanov, Alexey Girin and the Starta Capital Accessor Fund. Healbe combines a cloud service with fitness bracelet GoBe. Starta Capital first invested $200,000 in Healbe in 2012. Since then the project has received $3 million in …

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