Mobile content

Russian calorie intake tracker makes crowdfunding splash at Indiegogo

April 22, 2014 April 22, 2014

HealBe, a St. Petersburg-based startup, has won the hearts of crowdfunders at Indiegogo.com with GoBe, its wearable device for automatic calorie intake measurement. A campaign that started on March 5 with a fairly unassuming goal of raising $100,000 largely for promotional purposes drew to a close last Tuesday with $1,084,311 – all of it available to …

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St. Petersburg educational gaming app publisher FlexyMind secures Series A funding round

April 7, 2014 April 7, 2014

Last month St. Petersburg startup FlexyMind closed its second round of funding with an investment from RWM Capital, a Russian fund management firm, for further development of its educational gaming apps for mobile devices, reported Marchmont News. Neither the amount of the transaction nor the startup’s valuation were disclosed. Near-term plans for the young company …

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Russian mobile app developer Iconic Mobile secures $1 million from UK investment firm

March 27, 2014 March 27, 2014

Mobile app developer Iconic Mobile (formerly known as Ipadizer) has raised $1 million from 515 Capital, a London-based investment and consultancy firm. This is the first funding round for the startup – at a pre-money valuation of $2.7 million, as founder and CEO Alexey Pospekhov told East-West Digital News. Launched in Russia in 2011, Iconic …

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Nokia’s Android phones come to Russia fitted with Yandex apps

March 27, 2014 November 19, 2014

Nokia’s Android smartphone, Nokia X, announced at the recent Mobile World Congress, comes to the Russian and Belarusian markets equipped with the essential search functionality provided by Yandex. The Finnish company’s first in the X-series of phones premieres today on these markets with the Yandex.Search app already preinstalled and the Yandex search engine as a built-in …

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Yandex acquires Israeli geo-location technology developer KitLocate

March 18, 2014 March 18, 2014

Today Yandex, the Russian search giant, announced the acquisition of Israeli startup KitLocate, the developer of an energy-efficient geolocation technology for mobile devices. The solution provides location capabilities, including geo-fencing, motion detection and social location, for location-based apps on the user’s iOS or Android smartphone. Furthermore, it allows location-based apps to request the device’s geographic coordinates less frequently “without …

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Russian-American startup iBuildApp raises $525,000 to develop in Asia and Latin America

March 14, 2014 March 14, 2014

iBuildApp, a California-based startup with Russian roots, has raised $525,000 from Eugene Miller and Constantine Filin to further develop its mobile app building technology and expand internationally. The iBuildApp platform allows anyone to build mobile applications for iPhone and Android without any programming skills. Templates are available for different industries, from banks and restaurants to universities, schools …

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The Russian app market – lots of demand, not much revenue

March 12, 2014 March 12, 2014

The Russian mobile apps market is a rapidly growing sector. The market was ‘born’ in 2009, a year after the sector took off in more developed economies. By the end of the year the fledgling sector was worth just $3 million. However, three years of triple digit annual growth saw the sector’s value skyrocket to …

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TMT Investments injects additional $200,000 in US mobile app startup KitApps

March 6, 2014 March 6, 2014

TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week the completion of a new $200,000 investment in San Francisco-based startup KitApps, following a capital injection of the same amount in July last year. KitApps’ mobile app platform, christened “Attendify,” enables event planners to create customized mobile apps for conferences, tradeshows, exhibitions …

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Russia number one target for global mobile malware in 2013; consumer finances most at risk

March 5, 2014 March 5, 2014

Russian mobile users suffered most from malware attacks last year, according to the most recent global mobile threat landscape analysis conducted by Kaspersky Lab, the leading Russian IT security company. With 40% of all of its unique mobile users attacked last year, Russia far outpaced India (8%), Vietnam (4%), Ukraine (4%) and the United Kingdom …

Russia number one target for global mobile malware in 2013; consumer finances most at risk Read More

Fintech fund Life.SREDA makes first exit

March 4, 2014 March 4, 2014

Spanish bank BBVA has acquired Simple, giving Russian fintech fund Life.SREDA its first exit. BBVA paid $117 million for the American innovative banking app, giving Life.SREDA a 180% return on the investment it made in June 2013. Simple, which was founded in summer 2012, helps clients to control their spending and to meet saving targets. …

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Almaz Capital participates in $6.5 million round to fund US social and emotional learning startup

February 28, 2014 February 28, 2014

Almaz Capital Partners, a major Russian venture fund, has participated in a $6.5 million round to fund If You Can, a California-based startup that uses gameplay to teach children social and emotional learning (SEL) skills. The Series A round was led by Greylock Partners with the participation of other investors. The startup had previously raised $2.8 …

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Israeli mobile video platform secures $2 million from Mail.ru Group

February 24, 2014 February 24, 2014

Magisto, an Israeli cloud-based mobile video platform, announced on Friday a $2 million investment from Mail.Ru Group, the LSE-listed Russian Internet giant. The investment is designed to fuel further growth and customer acquisition. In addition, Magisto has integrated its offering into Odnoklassniki.ru, a subsidiary of Mail.Ru Group and the second largest social network in Russia …

Israeli mobile video platform secures $2 million from Mail.ru Group Read More

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