Stan Martynyuk

Gazprom Media acquires stake in major Russian influencer marketing agency

June 25, 2019 June 25, 2019

Gazprom Media, Russia’s largest media holding and a subsidiary of Gazprom, has invested an undisclosed amount of money in St Petersburg-based Happy Monday Family group of companies (HPMD) that deals in online advertising and influencer marketing, business daily Kommersant reported. This is the first deal of the media holding in the influencer marketing segment in …

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State fund Veb Ventures to provide $31 million to Russian startups this year

June 24, 2019 June 24, 2019

Veb Ventures (formerly VEB Innovations), a venture fund launched by state development agency VEB.RF (Vnesheconombank) in 2011, is confirming its commitment to support Russia’s tech startups. The fund has pledged to invest 2 billion rubles (more than $31 million at the current exchange rate) in seven companies by the end of 2019. The move follows …

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Skolkovo teams up with global companies to launch healthcare innovation center

June 20, 2019 June 20, 2019

Skolkovo, a major international tech hub on the outskirts of Moscow, is planning to launch a center for innovations and IoT in healthcare in the fall of 2019. The center will focus on pivotal issues like reducing mortality rates, combating cancer and chronic diseases, and bringing digital technologies in healthcare in Russia. The priority goal …

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Yandex acquires e-ticketing system to double its market share

June 18, 2019 July 30, 2019

In a move to increase its share of the Russian e-ticketing market, Yandex, the NASDAQ-listed Russian Internet giant, has acquired the exclusive rights to the e-ticketing system called TicketSteam. The financial details of the deal, reported by business daily Kommersant, were not disclosed. According to InterMedia news agency director Yevgeny Safronov, Yandex’s share of the e-ticketing market …

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E-grocery service Golama to receive $7.7 million from state investor

June 17, 2019 November 12, 2020

Golama, a leading e-grocery delivery service based in Moscow, will receive 500 million rubles (about $7.7 million at the current exchange rate) from a state investor after just one year of operations. The investment will be provided by Veb Ventures (previously known as VEB Innovations), a venture fund launched by Vnesheconombank in 2011 to support innovative …

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Mail.ru Group’s virtual disk client goes global

June 14, 2019 June 14, 2019

Mail.ru Group, the LSE-listed Russian Internet giant, is launching its Disk-O virtual disk client on the international market. A source in the group told Kommersant, a major business daily, that the company expects to attract one million users in the first year of international operations. Targeted countries include China, France, Germany, India, Spain, Turkey, the UK …

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Russian state to put more than $100 million in edtech fund

June 13, 2019 June 14, 2019

The Russian Ministry of Economic Development and RVC, the Russian state fund-of-funds dedicated to innovation, have inked an agreement to create a new venture fund dedicated to IT innovation in the field of education. The fund will target projects using the latest word of IT technologies on the global market. The parties are committed to provide …

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Russian startup Botkin.AI attracts $1.5 million to better diagnose cancer at early stages

June 13, 2019 December 25, 2020

Skolkovo resident Intellogic has attracted 100 million rubles (more than $1.5 million at the current exchange rate) in a Series A round for its Botkin.AI startup that diagnoses cancer. At present, this technology can diagnose lung cancer at early stages with an accuracy of 95%, Forbes reported. Part of the funding came from two Russian funds: RBC Capital, which …

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Private investor envisions $2 billion tech park with giant data center in Moscow

June 12, 2019 June 12, 2019

A private investor in Moscow is willing to build a giant data center in Russia, reported business daily Vedomosti, citing “a source close to the project.” Dubbed ISTRADIGITAL, the project envisages the construction of a technology park near Moscow worth 132 billion rubles (about $2 billion at the current exchange rate). Among other facilities, it would …

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Major Russian and international investors to inject $40 million in leading online video platform

June 11, 2019 June 11, 2019

A group of top Russian and foreign investors is committed to inject $40 million in ivi.ru, Russia’s largest online video platform in terms of revenue. The exact terms of the deal, which is set to be closed by late July, have not been disclosed. These investors include Russia’s sovereign fund RDIF, Mubadala Investment Company (UAE), Baring …

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Russian sovereign fund agrees $3 billion high-tech investment partnerships with Middle East, Chinese players

June 11, 2019 June 11, 2019

Last month the Russian Direct Investment Fund (RDIF) received $2 billion from foreign investors to support Russian startups developing AI projects, the business daily Vedomosti reported, citing exchanges with RDIF representatives. The money came from sovereign funds and global corporations in the Middle East and Asia, including the UAE. The RDIF plans to invest variable amounts in …

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Huawei acquires Russian face recognition technology

June 10, 2019 June 10, 2019

Chinese electronics manufacturer Huawei has acquired the face recognition technology of Russian startup Vocord, with patents and equipment and hiring most of the related team, as reported by business daily Vedomosti. According to the official company register, the deal took place on May 17 when Huawei subsidiaries fully acquired Moscow-based Eagle Softlab. Earlier this year, Eagle Softlab, …

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