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Ukrainian startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA

Life.SREDA, a Moscow-based venture capital firm focusing on mobile and online fintech startups, is to invest $1.5 million in Settle, a mobile payment service developed by Kiev-based startup Advice Wallet. Combining mobile payments and a loyalty scheme in one app, Settle makes it possible to both order and then pay your bill at a restaurant or café through a smartphone. …

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Pavel Durov has cloned Telegram

Pavel Durov seems to be creating a competitor of his own instant messenger, Telegram, if judging by a new version – christened Telegram HD – which appeared in the Apple AppStore on July 21.  The app is registered to the company Telegram Messenger LLP and all links to the Telegram app for iPhone on the messenger’s official website lead …

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Heads up! Russian developers invent 3D display for safe driving

A pair of Russian developers has created an application that projects navigation information onto the inside of a car windshield, improving road safety in conditions of poor visibility. The application, called HUDWAY, was launched in Russia in August 2013, with its international version following two months later. It is already available in English, German, Polish, …

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The mobile games market in Russia grew by nine times from 2010 through 2013

Experts at Mail.ru Group and Newzoo have assessed the mobile games market in Russia and compared gamers from a variety of countries. The volume of the mobile games market in Russia has grown more than nine times from 2010 through 2013, when it amounted to $165 million. In 2010, the share of mobile games in the …

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Russian-American startup iBuildApp receives 3rd capital injection in 5 months

Earlier this month Rafael Sultanov, founder of the Russian-American startup iBuildApp, used his Facebook page to announce that his startup received $400,000 from “a well known CEO of a listed IT company.” However, he did not name the investor. “This is the third investment we’ve attracted in five months,” Sultanov told East-West Digital News.

Russia’s Sberbank leads $8 million round in US money management startup Moven

Last week money-management service Moven raised $8 million at an undisclosed valuation in a round led by SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank. Virginia-based Route 66 Ventures, South-African Standard Bank, and London-based Anthemis Group also took part in the round of funding. The New-York based startup had already attracted …

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Viber opens representative office in Russia

Viber, the expanding international instant messenging and voice call app, will soon open a representative office in Russia, Russian business daily Vedomosti learned from the company’s co-founder and CTO Igor Magazinnik. The small office will be in charge of service localization and local partnerships. Former Diageo and Red Bull CMO Evgenyi Roshchupkin has been appointed …

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Yandex launches guide to urban businesses and organizations

Yandex (NASDAQ: YNDX) is launching a service for search and selection of companies and organisations in Russia’s cities. Called Yandex.City, it helps users choose restaurants, beauty salons and a wide range of other businesses whose services they might need. The service, currently available only in Russian, is accessible on city.yandex.ru, as well as on applications for …

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Pavel Durov’s Telegram wins “Fastest Rising Startup” award at The Europas

Telegram, an instant messaging startup launched less than one year ago by Pavel Durov, was honored earlier this week in Berlin at the finale of The Europas, a contest for technology startups that attracted companies from all over the world. Built in St Petersburg, the startup is now based “on a plane,” Pavel Durov says. The app has exploded onto …

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IIDF invests $1.3 million in mobile medical alert system

Knopka Zhizni (“Life Button”) has raised 45 million rubles (approximately $1.3 million) from IIDF (FRII in Russian), a $200 million seed and early-stage fund launched last year. The news was reported yesterday by IKS Media. Founded in November 2010 by MBA students of the Skolkovo Management School, the startup has developed a mobile medical alert system for the …

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Russian-American startup iBuildApp raises another $200,000

Mobile app builder iBuildApp has raised $200,000 from Starta Capital and Nikolay Belykh. iBuildApp is an international project that enables clients to build and manage mobile apps. As well as being a resident of Moscow’s Skolkovo IT-Park, the project also has its headquarters in Foster City, California. This investment brings the total invested in the project …

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