In mid-December Severstal Ventures, an investment vehicle created last year by the Russian steel and mining giant Severstal, announced an investment in US company Modumetal. The corporate fund has got a minority stake along with existing shareholders Vulcan Ventures, BP Ventures, Founders Fund, Steel Dynamics, ConocoPhillips, Chevron Technology Ventures and others. Based in Seattle, Modumetal claims …
Since we started our search engine in 1997, we’ve sought to connect people with the information most relevant to them. Over the years, we’ve updated Yandex Search with smart features and more informative results, making it as easy as possible for our users to navigate the mass of information that is the internet. Today, we’re …
Yandex introduces Vega, its latest intelligent search update Read More
Sberbank and its SberCloud subsidiary have put the Christofari supercomputer into commercial operations, making it available to the company’s corporate customers on December 12, 2019. “We believe our mission is to make supercomputing and development of AI-based solutions available to any company, no matter the size, industry, or location. Only the largest corporations were able …
Sberbank and SberCloud launch Russia’s fastest supercomputer Read More
RVC, the Russian state-owned fund of funds dedicated to innovation, and RZD (Russian Railways) have teamed up to launch to two venture funds for industrial and digital investments. Scheduled for launch in 2021, the funds will support early-stage projects which have “the potential of developing synergies with the railways company and increasing its business efficiency.” …
Russian Railways teams up with RVC to launch transport tech funds Read More
Last month Efko, an agroindustrial group founded in 1994 in the Belgorod region, launched a $50 million corporate venture fund, Firrma.ru reported. Dubbed ‘Fuel for Growth,’ the new fund will target early-stage foodtech startups — those that can potentially disrupt the food industry, promote a healthy lifestyle, support the ecology or food security. According to Efko …
Russian agroindustrial group launches international foodtech fund Read More
Last week Severstal, the Russian steel and mining giant, announced the launch of its open innovation portal. Made available in both Russian and English languages, the site features Severstal’s existing initiatives for cooperating with startups, innovative teams and industry experts from across the world. These include the Severstal tech park, the Steel Tech startup accelerator, two investment vehicles (Severstal Ventures …
Steel giant Severstal aims to attract innovators from across the world Read More
The thriving Belarusian online gaming scene saw an important move last month with Playrix, a global Russian-founded gaming giant, investing in local leader Vizor, as reported by the local media. The details of the deal were not disclosed, but the companies presented it as “a strategic partnership,” while Vizor shareholders claimed they gave priority to “smart …
Russian gaming giant Playrix invests in Belarusian Vizor Read More
Russia’s largest bank Sberbank and Trafigura Group Pte. Ltd of Singapore made a pilot blockchain transaction as part of a West Siberian oil sales deal during Russia’s Eastern Economic Forum on September 5, Sberbank said in a press release. Sberbank purchased from Trafigura its accounts receivable of a major Turkish trader. Sberbank and Trafigura agreed on the …
Russia’s Sberbank and Singapore’s Trafigura secure oil sales transaction via blockchain Read More
RVC, the Russian state-owned fund of funds dedicated to innovation, is teaming up with Japanese corporation Mizuho to create a investment fund dedicated to medical technologies. The news was reported Thursday by news agency TASS, based on an exchange with RVC’s general manager Alexander Povalko at the Eastern Economic Forum in Vladivostok. Povalko added that …
Russian and Japanese partners aim to launch medtech fund and tech center Read More
Mail.ru Group, an LSE-listed Russian Internet major, has just announced the acquisition of a controlling stake with a capital injection in the transportation service company YouDrive. Proxima Capital Group, a Moscow-based investment firm, took part in the deal as a “partner,” stated Mail.ru Group; but neither the nature of this partnership nor the amount of the deal …
Mail.ru Group acquires controlling stake in car-sharing company with leadership ambitions Read More
Delimobil, a leading car-sharing company in Russia, is seeking to raise at least $60 million, according to Russian business daily Kommersant. The company, of which 77% is owned by Luxembourg-based holding Mikro Kapital Group, has hired Rothschild & Co to help them secure the deal. According to Kommersant’s unnamed sources, Delimobil intends to claim a $300 …
Car-sharing company Delimobil seeks massive capital injection before potential IPO Read More
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 …
Russian corporate fund Sistema_VC backs UK agritech startup Read More
