Russian venture fund Prostor Capital has just invested $500,000 in Penxy, a Moscow-based startup that allows presenters to create “narrated slide shows.” The Penxy iOS app, which was released this past June, allows for one-tap streaming and recording of live presentations. The free app is easier to use than SlideShare, as presenters do not have …
US-style Russian startup raises $500,000 to compete with SlideShare Read More
Ruslan Gattarov, a Russian senator who has recently become an advocate for the privacy of Russian Internet users, continues his crusade against what he perceives as the unlawful actions of the world’s largest Internet companies in Russia. In late August, he asked the Prosecutor General’s Office of the Russian Federation and Roskomnadzor, the key federal …
Google and Facebook taken to task, Twitter suspected of user data misuse Read More
Mail.ru Group’s first ever commercial offerings for international consumption – Jungle Heat and Poker Arena, where chips are bought with real money – are now available at Google Play and App Store. The announcement has been met with a mixed response. The app does not allow users to convert chips already paid for back into …
Mail.ru Group makes gambling available for the whole world Read More
The Russian venture fund Life.SREDA revealed last week a $2 million investment in Moven, a three-year-old New York-based banking startup. Moven’s CEO and founder Brett King hopes that the deal, which took place in July, will help his company further upgrade what he calls a “world-class mobile solution to the problem of the next-generation bank account.” In an …
Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank” Read More
Digital Fortress, a US-based software developer with Russian roots, rolled out in mid-August its inaugural mobile app, an English-language instant messenger named Telegram. The app is now available on iTunes. Digital Fortress owner Pavel Durov, who is also the founder of Russia’s largest social network Vkontakte (VK.com), claimed that his company’s first product was launched …
VKontakte founder launches Telegram, a new instant messenger service Read More
Every day, 300 million new photos are loaded onto Facebook; Instagram users publish 58 pictures each second. Not uploading what you had for lunch or the thousandth image of your favorite cat in the social network has become almost indecent. However, most users do not really care about what, and with what kind of optical …
Russian startup Photozeen uses games to teach photography Read More
Andrey Korkunov, the founder of a leading candy company, has invested $1 million in Apps4all in exchange for a 15% stake, the Russian business daily Vedmosti reported yesterday. Launched in 2011, Apps4all brings together a community of mobile app developers with a variety of media, event, training, research, and advertising activities. The startup – which …
Candy magnate Korkunov invests in mobile app community expecting mobile banking revolution Read More
Cyber security company McAfee has released the report “Free apps, freedom, and free money,” which explores consumer mobile trends in June 2013. According to the research, Russia is seen as the most frequent source of mobile malware, while China is the main victim of the five most common threats. The report also highlights that the …
McAfee: Russia is the main source of mobile malware Read More
MTT, a Russian telecom group owned by VTB and former telecommunication minister Leonid Reiman, has announced that it has invested 50 million rubles (about $1.5 million) in Frolik, a service for children and their parents, since project start in September 2012. “As for future investments, we will continue funding the project, but we are open …
Family cloud platform Frolik nears completion after $1.5 million investment Read More
FoodRock Menus, a B2B2C startup founded in Moscow by a British expat with a Russian partner, has just launched its first products, testing the waters of the SaaS market for Russia’s restaurant industry. Offered under a freemium model, the company’s “Live Menus” software enables restaurants to manage their online menus from a single place and …
Moscow startup FoodRock Menus launches SaaS platform for restaurant industry Read More
The share of Android operating system in official smartphone shipments to Russia now exceeds 70%, almost doubling in just one year, according to research presented by Hi-Tech Mail.Ru and IDC. Android´s closest rival, Linux, has a share about 7 times smaller. The market research data confirms the results of a customer survey conducted during the …
Report: Android dominates Russian smartphone market with 70.9% share Read More
Earlier this month, Radario.ru, a St. Petersburg-based e-ticketing service for music and entertainment events, closed a $1.2 million investment deal with undisclosed investors in its second round of funding, bringing its total investment since inception to $1.4 million. Daria Semenova, a spokesperson for Radario, explained to East-West Digital News that the startup’s post-investment valuation is …
St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing Read More
