Corporate

Sberbank launches intelligent robotics acceleration program for local startups

April 24, 2018

Last week Sberbank, Russia’s national savings bank, announced the launch of a three-month “intelligent robotics acceleration program” in partnership with the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups. The selected startups will benefit from Sberbank’s infrastructure and resources, including its client base, as well as from the …

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Mail.Ru Group launches dedicated vehicle to invest in foodtech

April 13, 2018

Mail.Ru Group, the LSE-listed Russian Internet giant, has launched a subsidiary to invest in foodtech, the business publication RBC reported last week, citing exchanges with group representatives. Dubbed Mail.Ru Foodtech Ventures, the subsidiary may invest in “any startup related to food and technology,” a Mail.Ru representative told RBC. This includes online restaurant booking, subscription-based food …

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Mail.Ru Group and MegaFon invest $26 million in taxi-hailing service CityMobil

November 12, 2020

Last week Mail.Ru Group and MegaFon, two LSE-listed Russian Internet and mobile leaders, announced the acquisition of a majority stake in CityMobil, a Moscow-based taxi-hailing service. After the completion of the round, Mail.Ru Group and MegaFon will respectively own a 26% stake and an up to 31% stake in the company in exchange for capital …

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Flint Capital and Maxfield Capital invest in AI

April 10, 2018

In late March Flint Capital, a fund with Russian roots operating internationally, participated in a $11.3 million Series A round for Audioburst, an Israel-based audio search startup. The news was reported in late March by Calcalistech. The round was led by Samsung, which invested $4.6 million through its venture arm Samsung Ventures, with participation from Japanese …

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PepsiCo shows results of its first acceleration program in Russia

March 29, 2018

PepsiCo’s efforts to engage with startups is coming to fruition in Russia, one year after the creation of an international acceleration program in Moscow dubbed PepsiCo LAB. Earlier this month the corporation announced the first results of this program, which targets both food and beverages projects and business-oriented IT solutions. A total of 24 teams, 12 teams per …

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Russian-Lithuanian startup Gosu.ai raises $1.9 million from Russian and French investors

March 28, 2018

Just two months after the Russian cybersports market witnessed two major acquisitions and a $30 million ICO, Gosu.ai, a Russian-founded startup from this industry announced via Twitter that it attracted $1.9 million in funding. The round was led by Runa Capital, a VC fund with Russian roots, with participation from its existing investor Sistema VC, the venture arm …

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Russian e-commerce appeal: Ozon shareholders to inject up to $92 million in the company

March 7, 2018

Ozon Holdings, one of the most established Russian e-commerce companies, — sometimes dubbed, with some exaggeration, ‘the Russian Amazon,’ — will receive 3.5 billion rubles and possibly up to 5.25 billion ($61 million and up to $92 million at the current exchange rate) from its existing shareholders. The better part of the capital injection will …

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“Startup Innovation and Investment in Emerging Europe:” A groundbreaking research released by EWDN

February 27, 2018

How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in lesser known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many …

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MTS acquires two event ticketing companies, aims for market leadership

February 19, 2018

Last week MTS, a leading Russian mobile operator, announced the acquisition of a 100% share in Ticketland.ru and a 78.2% share in Ponominalu.ru, two leading event ticket operators in the Russian market. MTS says it expects to establish itself as a leading ticket operator in Russia. The deal “will allow the company to broaden its …

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“Startup Innovation and Investment in Emerging Europe:” A groundbreaking research released by EWDN

February 27, 2018

How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in lesser known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many …

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Tinkoff Bank now valued at $4 billion, launches R&D center at Skolkovo

February 12, 2018

On February 9, Tinkoff Bank, the Russian digital lending giant, announced the launch of an R&D center at Skolkovo, the international tech hub under completion on the outskirts of Moscow. The new center will focus on Blockchain-based solutions and cryptoeconomics research in order to  boost the Tinkoff’s financial ecosystem. “The ideas and prototypes developed at …

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Softline Venture Partners invests in social media brand pages analytics

January 25, 2018

Softline Venture Partners, the venture arm of software publishing group Softline, has invested an undisclosed amount in JagaJam in exchange for a minority stake. The company will use the fresh investment to develop its technological platform, create new adjacent analytical products and scale up its business in Russia and beyond. A pioneer in the segment …

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