Corporate investment

Russian fund makes 1,600% ROI from Chinese acquisition deal

May 30, 2017 May 31, 2017

Russia’s VTB Capital Asset Management claims to have made a 1,600% return on investment (“up to 15 times”) as a result of the recent acquisition of Grid Dynamics, a provider of advanced software development services, by China’s Automated Systems Holdings Limited (ASL). Launched in 2006, Grid Dynamics has asserted itself as a major international provider of technology …

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Sberbank acquires medical appointment startup DocDoc to build “a full-fledged e-health platform”

May 26, 2017 May 28, 2017

Sberbank, Russia’s national savings bank, has acquired a controlling stake (79.6%) in DocDoc.ru, a startup that helps users find doctors and set up medical appointments across 14 Russian cities. The details of the deal have not been disclosed, but the bank has specified that the remaining shares belong to the founding and top management teams — which …

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Corporate fund Lanit Ventures invests across the IT spectrum

May 8, 2017 May 8, 2017

Lanit Ventures, a $10 million VC fund set up last year as part of the Lanit group, is actively supporting start-up teams in a variety of fields, Kommersant reported last week. According to the business daily, the new fund is backed by the shareholders of Lanit, a major systems integrator established as early as 1989. The new fund …

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Russian warehouse operator plans to launch “Uber for cargo carriers”

April 26, 2017 November 12, 2020

Multinational Logistics Partnership (MLP), a major operator in the Russian warehouse real estate industry, intends to launch an interactive transportation management system for cargo transportation in Russia. The project is expected to start operations in the course of this year. Dubbed ‘TransCord,’ the system will track information about registered carriers and cargoes. An advanced selection algorithm automatically will identify …

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Startup investment in Central and Eastern Europe: A ground-breaking research

April 17, 2017 October 12, 2017

Already recognized for their engineering excellence, several countries of Central and Eastern Europe (CEE) are now emerging on the global startup scene. Thus for the past couple of years Belarus, Estonia, Russia, Ukraine and some other countries of the region have seen their local companies assert themselves on the international market, raise considerable funding and/or be acquired …

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Corporate venturing and innovation: An invitation to major event in London (May 23-24)

April 3, 2017 April 5, 2017

The GCV Symposium has asserted itself as the leading global event for corporate venturing professionals, attracting more than 400 business leaders every year. This year, in partnership with EWDN and Marchmont News, a special Eastern Europe Session will highlight the growing connections between corporations and startups in these countries — from incubation, to investment, to acquisition, to other forms …

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Russian OTA Onetwotrip secures $3 million from Bank Saint Petersburg

April 3, 2017 April 3, 2017

Moscow-based online travel agency Onetwotrip.com has raised $3 million from Bank Saint Peterburg, the Russian business daily Vedomosti learned last week from company CEO Mikhail Sokolov. The company had previoulsy raised significant amounts from Swedish fund Vostok New Ventures — $4 million in 2015, $2.5 million in H1 2016, and $5.8 million agreed in December 2106. A major Russian bank, Bank …

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Rusnano prepares to launch Russian-Arabic tech fund

March 27, 2017 March 28, 2017

Rusnano is considering to launch a Russian-Arabic direct investment fund, business daily Vedomosti wrote last week, confirming earlier reports. The Russian state-owned nanotech giant has already identified a group of potential investors from the Middle East, Lyubov Timofeeva, Senior Analyst at Business Strategy Department at Rusnano, told the business daily. Vedomosti has learned from an …

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Alibaba invests $150 million and partners with Mail.Ru Group for global games distribution plan

March 24, 2017 March 26, 2017

Last week Alibaba announced a plan to enter the international game distribution industry with an investment of 1 billion yuan ($150 million). The Chinese group is teaming up with Mail.Ru Group, TFJoy, Efun and ONEMT to establish the “Global Strategic Alliance of Game Distribution.” An LSE-listed Russian Internet group, Mail.Ru Group is a major player on the Russian and global online …

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NFWare secures $2 million to expand in Europe and US

March 24, 2017 March 26, 2017

Yesterday NFWare, a startup with Russian roots that develops virtualization solutions for network infrastructure, announced that it raised $2 million from Sistema_VC and its existing investors Almaz Capital, Maxfield Capital, and Telefonica Open Future. “As telecom operators, Internet companies and data centers have to invest continuously to enhance the capacity of their network infrastructure, NFWare offers a technologically elegant and effective solution to reduce the costs …

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Qiwi buys e-CRM startup Flocktory for $14 million

March 22, 2017 March 26, 2017

Qiwi, a major, NASDAQ-listed Russian electronic payment operator, is in the process of acquiring Flocktory. Founded in Russia in 2012, this startup has developed a SaaS platform for customer lifecycle management and personalization, and operates internationally from its Moscow and Madrid offices. Based on data collection and analysis, Flocktory’s automated marketing solutions are intended, in particular, for the …

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German data center Darz invests in Russian video game streaming service

February 16, 2017 July 24, 2017

Darz, a major German data center company, has invested $1.5 million in the Russian startup Playkey. The deal, the terms of which have not been disclosed, was reported earlier this month by the Russian media and by Skolkovo, the international tech hub located near Moscow which hosts the startup. Playkey is a cloud gaming service …

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