Corporate investment

Russian corporate fund Sistema_VC backs UK agritech startup

July 25, 2019 July 26, 2019

Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, announces it has led a £3.4 million round for UK agrotech startup KisanHub. Two UK-based funds, Notion and IQ Capital also participated in the round. KisanHub helps global food and beverage companies “manage their supply chains efficiently by connecting directly with their farmers to collect information and …

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Mail.ru Group acquires stake in Performance Food delivery service

July 10, 2019 January 14, 2020

Mail.ru Group, a leading, LSE-listed Russian Internet company, has acquired a minority stake in Performance Food, a Moscow-based food delivery service specializing in premium healthy nutrition programs. The financial details of the deal were not disclosed. As reported by business daily Kommersant, which cites official company registers, MGL Mail.ru Equity Ltd, a Cyprus-based subsidiary of Mail.ru …

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Rostec, Russian Railways committed to create $100 million venture fund to support IT, IoT projects

July 9, 2019 July 10, 2019

Russian state defense conglomerate Rostec and Russian Railways have pledged to create a joint R&D center for LPWAN XNB wireless network devices as well as Internet-of-Things (IoT) technologies to be used on transport. To support such activities, the parties are going to launch a $100 million venture fund, Russian industry resource CNews.ru reported. Last month as part of …

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Russian state institutions join forces to create new energy venture fund

May 3, 2019 May 7, 2019

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 …

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Steel magnate Alexey Mordashov buys a Moscow startup that helps people adopt healthier lifestyle

April 22, 2019 July 30, 2019

Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has acquired GetLean, a Moscow-based startup providing courses for healthier food and lifestyle. The terms of the deal have not been disclosed. Founded by Yulia Gurbanova in 2016, the young company has a team of 10 people, including three full-time employees. Its “science-based” 12-week …

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Russian startups may be competitive worldwide but lack domestic support, Skolkovo conference shows

April 18, 2019 April 19, 2019

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 …

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MTS launches corporate fund to invest $15 million in startups

April 18, 2019 April 18, 2019

MTS, one of Russia’s main mobile operators, has launched a corporate venture fund targeting startups across Russia and neighboring countries. The fund expects to invest around 1 billion rubles (approximately $15 million at the current exchange rate) in early-stage startups over the next two years. Last year the corporation launched an in-house accelerator, MTS StartUp Hub, …

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Mail.Ru Group and VEB Innovations launch computer technology joint venture

February 15, 2019 February 17, 2019

Mail.ru Group, the LSE-listed Russian Internet giant, and VEB Innovations, a venture fund launched by Vnesheconombank in 2011 to support innovative projects, have registered a joint venture in the field of computer technologies. The new entity, “Razvitaya.ru LLC” is listed in official registries as a company providing, in particular, “consulting” and “works” related to “computer technologies.” The …

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IXcellerate and Rostelecom plan to invest massively in Russian data centers

February 11, 2019 February 11, 2019

Last week IXcellerate, a leading commercial data center operator in Russia, announced a five-year $260 million investment plan. The funding will be provided by the company’s shareholders as well as bank financing and an additional injection of “foreign capital.” By 2023, according to this plan, the company will operate the existing Moscow One Datacentre and run “at least four …

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Gazprom Media and US investor back catering startup from Moscow

February 5, 2019 February 13, 2019

Gazprom-Media, Russia’s largest Russian media holding and a subsidiary of Gazprom, has led a $2 million funding round for Catery. This Moscow-based catering startup, launched in 2016, organizes deliveries to corporate clients. It operates in Moscow, St. Petersburg, Kazan, Rostov-upon-Don and Nizhny Novgorod, based on partnerships with more than 500 restaurants. According to a Catery …

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Russian-founded startup raised $8 million to develop car rental services across the world

January 31, 2019 February 4, 2019

Get Transfer, a car rental startup with Russian roots operating internationally, has raised $8 million in total since early 2018, with a last capital injection of $3 million this month. The main investors are two international funds with Eastern European managers, Emery Capital and Castel Capital, and Russian airline S7 Group. The latest deal valued Get Transfer at …

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2018 Eastern Europe and Central Asia Tech Investment Overview

January 16, 2019 January 22, 2019

Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …

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