Corporate

Russian and Cambodian investors team up to back Indian healthcare startup

November 14, 2017

Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam have injected $14 million in the Indian healthcare startup Netmeds. Among the earlier investors in the startup are investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family. Sistema Asia Fund targets …

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MegaFon and Raiffeisenbank complete first Blockchain bond placement in Russia

October 31, 2017

Earlier this month MegaFon, a major Russian mobile operator, announced the completion of a 500 million ruble (around $8.6 million) bond issue with Blockchain settlement. The entire issue was purchased by Raiffeisenbank. The system, which was developed in the course of this year, is intended for bond placement and circulation of digitized assets, making accounting …

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Rosatom to launch $100 million venture fund

October 30, 2017

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 …

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Sberbank joins Enterprise Ethereum Alliance

October 19, 2017

Earlier this week Sberbank, Russia’s national savings bank, announced its participation in the non-commercial alliance Enterprise Ethereum Alliance (EEA). The bank is the first Russian bank to become a member of the alliance. EEA was established in February 2017 to “connect Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts.”  Some …

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Russian mobile operator invests $10.8 million in local retail software developer

October 18, 2017

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, …

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Russian 3D printer builds houses in 24 hours, attracts $6 million for international expansion

September 26, 2017

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 …

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Russian technologies shine at SLUSH Singapore

September 27, 2017

Oz Forensics, a Russian startup developing a cutting-edge document management solution and a graduate of the GenerationS-2016 startup accelerator, has made it to the finale of the competition of this year’s edition of SLUSH Singapore. This top-tier international startup competition is being held as part of the Singapore Week of Innovation & Technology (SWITCH 2017). …

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Burger King Russia launches “Whoppercoin,” accepts crypto as payment method

October 3, 2017

Burger King Russia has just launched Whoppercoin, a cryptocurrency which can be traded for Whoppers.  For each ruble spent at Burger King locations in Russia, diners will get a quantity of Whoppercoin sent to their digital wallet via Waves, a Russian-based Blockchain platform. “Now a Whopper is not only a burger that people in 90 different …

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Finnish-Russian game startup Panzerdog secures €800,000 from Mail.Ru Games Ventures

September 20, 2017

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 …

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Russian space agency Roscosmos launches venture fund

September 14, 2017

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 …

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Sberbank calls Russian programmers to develop next-gen in-memory solutions

February 12, 2019

In a new demonstration of its commitment to develop or integrate the newest technologies, Sberbank, Russia’s national savings bank, has announced a competition for Russia-based IT developers to create new prototype solutions enabling the provision of financial services in real time. The bank is leaving it to competition participants to pick areas of solutions applications. The only …

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AddVenture invests in Russian robot lawyer

August 24, 2017

AddVenture, a major Russian venture fund, has led a round of funding of “more than $1 million” to support Pravoved.ru, a huge Russian legal consulting platform. The transaction has valued the company at $10 million, reports Forbes.ru, citing exchanges with Pravoved.ru and AddVenture. A part of the funding will be used to complete the development of Pravoved’s …

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