Last week German development finance institution DEG announced it provided equity funding to DataArt, a leading global developer of complex IT solutions. The amount of the deal was not disclosed. Alongside DEG, this venture round was backed by Da Vinci Capital – a major EBRD-backed and PE firm focusing on Russia and neighboring countries which already provided funding to …
Mail.Ru Group, the LSE-listed Russian Internet giant, has enlarged its product portfolio by purchasing, through its subsidiaries, stakes in Moscow-based Ticketing Platform and Helsinki-based game developer Panzerdog. On May 22, Mail.ru Ltd, a fully-owned subsidiary of Mail.ru Group, purchased a 27.08% stake in Ticketing Platform, Rusbase reported. The amount of the deal was not disclosed. The …
Mail.Ru Group invests in e-ticketing service, gaming firm Read More
The Skolkovo Foundation, in charge of developing Russia’s flagship innovation hub on the outskirts of Moscow, will cooperate with the Italian Trade Agency (ICE) and the Italian Confederation for the Promotion of Artisans and Small Businesses (Confartigianato Imprese) in exchanging their expertise and promoting innovations. The parties signed formal agreements in Moscow on May 29 as part of Skolkovo’s …
Skolkovo, Italian agencies ink agreements to promote innovation Read More
Earlier this month Moscow-based startup BestDoctor, which offers high-tech insurance products for individuals and businesses, attracted $3 million in a Series A round of funding. The round was lead by three international venture firms with Russian roots: Target Global, Ascent and AddVenture. (The two latter already invested in BestDoctor in previous rounds.) A group of business angels also participated …
Russian medical insurance startup attracts $3 million for international expansion Read More
Moscow-based online recruiting service Worki, “is now part of Mail.Ru Group,” the company reported in its blog, without specifying the size and price of the stake acquired by the group. “After the deal is settled, Worki will work in synergy with other projects of Mail.ru Group, including its classifieds website Youla, thus increasing the group’s presence on the …
Mail.Ru Group acquires online recruiting service Worki Read More
Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has filed a lawsuit against Cybersecurity Solutions, a company founded by former employees now in dissolution, in an IP rights dispute. Kaspersky claims the company was founded in 2018 by some of its banking fraud prevention employees who were still working for Kaspersky at …
Kaspersky Lab sues former employees in IP rights dispute Read More
RVC, the Russian state fund-of-funds dedicated to innovation, has announced a partnership with Alkeri Partners, a venture capital and private equity firm from the Kingdom of Bahrain, to create a series of GenerationS corporate accelerators for Russian and international startups in Bahrain. Run by RVC, GenerationS is a Russian state-backed acceleration platform that connects startups with corporations. …
Russian state fund to launch startup accelerators in Bahrain Read More
Yesterday Moscow-based HeadHunter Group, a leading online job recruitment platform in Russia, raised $220 million on the NASDAQ by offering 16.3 million American Depository Receipts (ADRs) at $13.50, the upper range of the price guidance. At the close of the first day, HeadHunter Group raised its market capitalization to $787.5 million as the price for its …
Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has announced the acquisition of a 29.5% stake in New Cloud Technologies (NCT), the Interfax news agency reported. Launched in 2013 — now with offices in Moscow, St. Petersburg and Innopolis (Tatarstan) — this company develops complex cloud solutions for online mass storage and document processing. Its …
Kaspersky Lab acquires stake in Russian cloud tech company NCT Read More
In late April, Russian venture capital firms Phystech Ventures and North Energy Ventures announced the creation of a joint $40 million fund. Dubbed ‘TF II,’ the fund will focus on mature projects in the fields of artificial intelligence, machine learning and robotics projects, VC.ru reported. Among the 24 investors in the fund are large banks, …
In an attempt to lower Russia’s reliance on foreign technology in the oil industry, four state-controlled institutions have teamed up to launch a new venture fund called ‘New Industry Ventures.’ These institutions are Gazprom Neft, one of Russia’s leading oil companies, Gazprombank, a financial arm of the state-controlled energy giant, RVC, the state fund of …
Russian state institutions join forces to create new energy venture fund Read More
On April 11 Skolkovo, the international tech hub on the outskirts of Moscow, hosted the second edition of Corporate Innovations, an international conference focused on best practices in tech development and market launch strategies. The event was attended by more than 500 individuals and 150 companies, with more than 70 speakers delivering keynotes. According to …
