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 team Brainy Studio victorious at 2014 Imagine Cup

August 4, 2014

The international final of the world’s largest student IT competition, the Imagine Cup 2014, has taken place in Seattle, organised by Microsoft. 125 students representing 34 teams from across the world battled for the prizes. The winners of the ‘Games’ category was the Russian team Brainy Studio, from Perm National Research Polytechnic University (PNRPU) with their project TurnOn. The Russian …

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IIDF invests “up to $450,000” in two startups

December 26, 2018

Earlier this month two Russian startups – the city guide Voxxter and the online event listings service 2do2go – each received “from $250,000 to $450,000” from the Internet Initiatives Development Fund (FRII in Russian), a $200 million seed and early-stage fund launched one year ago. Voxxter intends to use the funds for technical development, broadening its service provider base, and to create new products. 2do2go …

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Qiwi launches acceleration program and invests in 12 startups

July 17, 2014

The investment arm of QIWI, the Russian payment giant, has injected $700,000 into 12 startups selected for the QIWI Universe acceleration program, hosted by Moscow State University’s business incubator. According to the company’s press release, over 500 applications were received out of which eight pre-seed stage and four more mature projects were chosen. Among the finalists …

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Russian startups come to Paris

January 21, 2023

This year, four Russian companies represented Russia at the international IT event Futur en Seine, which took place in Paris on June 15-22. Invited by RusBase, an international resource covering the Russian startup and venture scene, the Russian startups not only met local businesses but also impressed the public. Among these Russian startups was Radario, which …

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Imperious Group invests $530,000 in Russian-American edutech startup Coursmos

June 30, 2014

Russo-American startup Coursmos, a developer of short online courses, has raised $530,000 from Russian venture fund Imperious Group and business angel Evgeniy Medvednikov. The funds will be used to develop the platform and to add more staff. Coursmos is also planning to develop new features for the site including a system to recommend courses to users depending …

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Putin – The Internet is worth 8.5% of GDP

December 26, 2018

Internet business in Russia is a profitable enterprise worth 8.5% of GDP, according to Vladimir Putin. Russia’s president was speaking last week at the “Internet Business in Russia” forum, which was attended by top figures from Russia’s leading internet companies, including Yandex’s Arkady Volozh, Mail.ru’s Dmitry Grishin, Ozon’s Maëlle Gavet and Live Internet’s German Klimenko. Putin added …

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Russian-American startup iBuildApp raises another $200,000

June 9, 2014

Mobile app builder iBuildApp has raised $200,000 from Starta Capital and Nikolay Belykh. iBuildApp is an international project that enables clients to build and manage mobile apps. As well as being a resident of Moscow’s Skolkovo IT-Park, the project also has its headquarters in Foster City, California. This investment brings the total invested in the project …

Russian-American startup iBuildApp raises another $200,000 Read More

Maxfield Capital invests in Israeli English-learning app SpeakingPal

June 3, 2014

Moscow-based venture fund Maxfield Capital has invested more than $1 million in Israeli startup SpeakingPal, a mobile platform for language learning based on voice-recognition technology. SpeakingPal, which has won a range of edutech-sector awards, has more than 2.2 million registered users and has also partnered with Educational Testing Service (ETS), the creator of the TOEFL and TOEIC tests, to …

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Medvedev on Russia’s response to the West’s “Soviet” approach to business

May 20, 2014

Russian Prime Minister Dmitry Medvedev has spoken out on a number of internet and business related issues in a wide-ranging interview with Bloomberg’s Ryan Chilcote. In the run up to the St Petersburg Economic Forum, which will go ahead without many Western CEOs warned by their governments to stay away, Medvedev accuses the West of …

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Grishin Robotics invests in new robo-toy

May 7, 2014

Grishin Robotics fund, a venture fund launched in 2012 by Mail.ru Group’s CEO Dmitry Grishin, has purchased a minority share in Orbotix, a manufacturer of robotic toys. The exact size of the recently acquired stake has not yet been specified, but what we do know, is that together with The Foundry Group and Shea Ventures, Grishin invested $15.5 …

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iTech Capital injects $10 million into financial SMS service provider MFM Solutions

May 5, 2014

Last week the business daily Vedomosti reported a $10 million investment from Russian PE & VC fund iTech Capital in Mobile Finance Management Solutions (MFM Solutions), a Moscow-based provider of SMS services for financial organizations, in exchange for a minority stake in the company. The terms of the deal have not been disclosed. MFM Solutions’ …

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