Corporate investment

Corel acquires leading cross-platform solution publisher Parallels

December 25, 2018

Parallels, a global leader in cross-platform solutions founded in 2000, has been acquired by the Canadian software giant Corel. As a result, “Corel now offers the complete Parallels product line as part of its industry-leading software portfolio,” according to a corporate statement published Dec. 20. Parallels’ products – including its popular software for running Windows on Mac …

Corel acquires leading cross-platform solution publisher Parallels Read More

Waves raises $120 million to integrate blockchain into corporate and government digital infrastructure

December 24, 2018

Waves, a Blockchain solutions developer founded by a Russian team and incorporated in Switzerland, has secured $120 million to develop its project Vostok. Designed for large enterprises and public institutions, this private blockchain platform “lies at the intersection of several disruptive technologies, including blockchain, Big Data, artificial intelligence and the industrial Internet-of-Things,” according to Waves founder Alexander (Sasha) Ivanov. …

Waves raises $120 million to integrate blockchain into corporate and government digital infrastructure Read More

Yandex and Sberbank launch two marketplaces, aim for e-commerce leadership

October 9, 2019

As the Russian e-commerce market is entering a new growth and concentration cycle, the joint venture formed by Yandex and Sberbank, launched two online marketplaces over the past few weeks. One of them, dubbed ‘Beru’ (“I’ll take it”), became fully operational in early November, after five months of beta testing. The platform features “over 1,000 retailers and …

Yandex and Sberbank launch two marketplaces, aim for e-commerce leadership Read More

Mail.Ru Group invests in four Russian gaming companies

December 12, 2018

LSE-listed Mail.Ru Group has invested in four Russian gaming companies via Mail.Ru Games Ventures (MRGV), the dedicated investment division it launched last year. As reported by the Russian media, these companies are Moscow-based Game Garden (Farmdale, Fairy Kingdom), Mobirate (Parking Mania, Dead Ahead, Rovercraft) from Ulyanovsk, Siberia, Red Brix Wall (Battle Arena: Heroes Adventure) and Zillion Whales (Mushroom Wars), both based in St. Petersburg. Each of …

Mail.Ru Group invests in four Russian gaming companies Read More

Ozon needs “more than $200 million” to remain in the running for e-commerce leadership

December 3, 2018

Ozon, one of the leading Russian e-commerce companies, intends to raise several hundreds of million USD in equity next year to support new investments in logistics and IT. As these plans were aired in the Russian media by the company’s general director Alexander Shulgin, an unnamed source told Kommersant that Ozon wants to raised “more …

Ozon needs “more than $200 million” to remain in the running for e-commerce leadership Read More

Sistema Asia injects additional capital in Indian fitness startup HealthifyMe

November 22, 2018

Just nine months after the completion of a $12 million Series B round, HealthifyMe, a leading e-health and fitness platform in India, has raised an additional $6 million as an extension of that round. As reported by the Indian media, the round has involved Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, …

Sistema Asia injects additional capital in Indian fitness startup HealthifyMe Read More

Renova subsidiary acquires digital mining solution provider Vist Group for $30 million

November 19, 2018

Zyfra, a Renova subsidiary that develops IIoT and AI industrial solutions, is to fully acquire Vist Group, a 28-year-old developer of solutions for digital mining, metal and other enterprises. Zyfra will spend 2 billion rubles (around $30 million at the current exchange rate) on the acquisition, according to Vedomosti, which cites exchanges with representative of both companies. Implemented …

Renova subsidiary acquires digital mining solution provider Vist Group for $30 million Read More

Mail.Ru Group and top Western business angels invest in wholesale food supply startup Foodza

November 12, 2020

Foodza, a startup that organizes direct supplies of fresh fruit and vegetable to retail stores, restaurants and cafés, recently secured $1 million in a round of funding led by Mail.Ru Group. Among the other participants in the deal are Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov; FJ Labs, the investment …

Mail.Ru Group and top Western business angels invest in wholesale food supply startup Foodza Read More

Alfa Group invests in the embryonic Russian insurtech market

October 25, 2018

One of Russia’s first sizable insurtech projects is set to emerge soon, with millions of US dollars being invested in an online-only insurance offer. Dubbed ‘Mango,’ the platform will sell its own products and those of traditional insurance companies through a “technologically advanced marketplace,” CEO Viktor Lavrenko told Russian daily RBC earlier this month. “Our …

Alfa Group invests in the embryonic Russian insurtech market Read More

Kremlin requests big corps to contribute to giant state-directed tech investment plan

November 12, 2020

Following a Kremlin initiative, 15 big Russian corporations from the metallurgical, chemical and oil industries are likely to become unenthusiastic high tech and social investors. This past July, the Kremlin administration  announced its intention to take 500 billion rubles (some $7.7 billion at the current exchange rate) out of the corporations’ “superprofits.” These corporations include Alrosa, Evraz, Magnitogorsk Iron …

Kremlin requests big corps to contribute to giant state-directed tech investment plan Read More

Alleged threats on Yandex’s independence scare international investors and Russian IT community

October 23, 2018

Sberbank, Russia’s leading banking institution, has reportedly approached Yandex founder Arkady Volozh regarding the potential acquisition of a controlling stake in the Russian search company. Yandex is listed on both the Moscow exchange and the NASDAQ. The state-controlled bank would consider the acquisition of an at least 30% stake, Russian business publications Vedomosti and The Bell reported yesterday, …

Alleged threats on Yandex’s independence scare international investors and Russian IT community Read More

Severstal Ventures backs international fund to invest in intelligent systems and automation solutions

November 12, 2020

Severstal Ventures, an investment vehicle created earlier this year by the Russian steel and mining giant Severstal, has backed the first round of the Chrysalix RoboValley fund (Chrysalix RBV GP Ltd), along with other corporations. The amount of Severstal Ventures’ contribution has not been disclosed officially, but in an exchange with Russian business daily Vedomosti, …

Severstal Ventures backs international fund to invest in intelligent systems and automation solutions Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.