Earlier this month Russian state atomic energy corporation Rosatom announced that it will inject 6 billion rubles (a little more than $100 million at the current exchange rate) in a corporate venture fund. Earlier this summer President Putin urged Russia’s largest corporations, including Rosatom, “to create subdivisions that will work closely with startups and small …
Earlier this month Russian cell phone operator MTS acquired a majority stake (50,82%) in Oblachyi Retail (“cloud retail” in Russian) for 620 million rubles ($10.8 million at the current exchange rate). The news was reported by local online publication Firrma.ru based on its exchanges with MTS. The funding includes 30 million rubles (roughly $525,000) for debt repayment, …
Russian mobile operator invests $10.8 million in local retail software developer Read More
Last week Rusnano Sistema Sicar, a Russian private equity fund, announced that it will invest $6 million in Apis Cor, a startup originated from Siberia which has designed a 3D printing technology for the construction industry. The Apis Cor 3D printer is a mobile robot is a mobile robot capable of constructing buildings using fine-grained fibre concrete with special additives. It can build …
Panzerdog, a Finnish-Russian mobile gaming startup, has secured a €800,000 seed stage round from Mail.Ru Games Ventures, the games investment division established earlier this year by Mail.Ru Group. This is the first investment made by the division, which says it has considered “nearly 500 applications” before choosing Panzerdog. “Mobile games are the main driver of …
Finnish-Russian game startup Panzerdog secures €800,000 from Mail.Ru Games Ventures Read More
Roscosmos, the Russian space agency, has launched a venture fund to support space innovation in Russia, said Roscosmos General Manager Igor Komarov last week in an interview with TASS. The new fund will support innovative projects in the space industry, including the small satellites production and light missile carriers development, student-oriented initiatives, as well as innovation centers …
Russian space agency Roscosmos launches venture fund Read More
Russian startup Optogard Nanotech has secured 110 million rubles (some $1.8 million at the current exchange rate) in equity financing from Garant, a Russian group investing in industrial projects, as reported by Skolkovo Foundation. Optogard Nanotech has developed a laser-plasma technology for strengthening the surfaces of metals and alloys, such as the inside of pipes. The Optogard …
Laser-plasma technology startup secures $1.8 million from Russian industrial group Read More
Illustrating the growing interest of Russian corporations in online education, Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has just acquired a 40% stake in Netology Group. The shares were sold by previous Netology investors, the Russian funds Buran Venture Capital and InVenture Partners, which fully exited the company. The financial terms of the deal have not …
Russian billionaire invests more than $20 million in online education platform Read More
Sistema Finance, a subsidiary of the Russian conglomerate AFK Sistema, has paid €2.6 million to acquire a 50% stake in a Lithuanian drone operator. Laserpas provides surveillance and high-precision monitoring solutions for large power line operators worldwide. The company employs electric- and petrol-powered long-range unmanned aerial vehicles (UAV) to gather considerable volumes of data “at an unprecedented …
Russian Sistema invests €2.6 million in Lithuanian drone operator for power networks Read More
Yandex, the NASDAQ-listed Russian search giant, and Sberbank, Russia’s state-owned national savings bank, announced today their plans to join forces and create “a leading e-commerce ecosystem” based on the Yandex.Market e-commerce marketplace. The deal, if confirmed, would mark the biggest e-commerce investment in Russia’s history. According to a non-binding term sheet — which will ultimately be …
As global fintech investment might reach new heights this year, Russian players are in the game with several Moscow-based firms announcing plans to invest massively in this industry. Thus two asset management companies, Fintech Capital and Da Vinci Capital, are launching a $200 million debt finance fund for fintech companies. FinTech Capital is owned by ID …
Russian funds launch giant investment programs on the global fintech scene Read More
The Moscow-based food delivery startup Chefmarket.ru has just secured $3.5 million from Mitsui & Co — just one year after the Japanese corporation led a previous $1.5 million round. “Mitsui has designated retail and services, including e-commerce and TV shopping, as one of its key domain, and is expanding its presence through various investments. After a small …
Russian startup Chefmarket attracts $3.5 million from Mitsui Read More
Auto.ru, one of the leading online auto classifieds sites in Russia, and its owner Yandex, have agreed a “strategic partnership,” with Hearst Shkulev Digital, a leading publishing house in Russia, as reported by the Russian business daily Kommersant last week. As part of the deal, Yandex is acquiring HSD’s car classifieds sites across Russian regions. These include E1.Auto …
Yandex acquires regional car classifieds sites from Hearst Shkulev Digital Read More
