Digital content & Related technologies

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

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

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 …

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Fintech fund Life.SREDA makes first exit

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

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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Spotify eyes Russian market

Since its launch in Sweden in 2008, Spotify has asserted itself as one of the most popular music streaming service of its kind globally. The company serves more than 25 million users and paid subscribers in almost 30 markets, from Western and Eastern Europe to the USA, Mexico, Hong Kong, Malaysia, and Singapore. Spotify is not yet available to …

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

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 …

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Yandex driving Google out on the mobile firmware front

The Russian Internet company Yandex has launched a fee-free Android firmware kit in a bid to replace pre-installed Google firmware. The first Huawei and Explay devices with preinstalled Yandex.Kit should hit the stores this spring. Yandex.Kit is based on the three-dimensional Yandex.Shell interface. Yandex offers users a bonus 50 Gb of space on its Yandex.Disk …

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Gazprombank takes control of WebMediaGroup

Gazprombank, an affiliate of the state-controlled gas giant, now has a controlling stake in WebMediaGroup, after acquiring the stake previously held by Rostelecom’s president Sergey Kalugin. WebMediaGroup’s other shareholders are Leader Innovations and individual investors. Gazprombank and Leader Innovations had acquired minority stakes in the company in 2011.

Russian mobile app community startup Apps4all enters UK market

Launched in 2011, Apps4all has attracted a sizable portion of the mobile app developer community in Russia and neighboring countries. The startup helps large IT companies and device manufacturers interact with developers and provides a variety of media, event, training, research, and advertising activities. Just weeks ago the young company, which is backed by a Russian candy magnate, entered …

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Civil activists expose violations of Internet freedom across Russia

More than 1,800 instances of the government-led abuse of Russian Internet users’ rights for unrestricted access to web-based information last year were brought to light in a muckraking report issued last week by a Russian civil rights group. Agora, an interregional association of Russian civil rights NGOs set up in 2005 to bring together lawyers …

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Yandex launches Winter Games project

Yandex (NASDAQ: YNDX) has launched its Winter Games 2014 project, providing Russians with detailed, up-to-the-minute coverage of events at the international sporting event in Sochi. The project’s website will feature complete information about all the competitions: timetables and telecasts, reports on every kind of contest and articles about the medal contenders.

MIPCube Lab contest 2014: A call to Russian startups

In partnership with East-West Digital News, MIPTV, the leading international b2b event dedicated to the TV & online video ecosystems, cordially invites Russian startups to enter MIPCube Lab. Applications for this major startup competition are open until February 15. Finalists will pitch in Cannes, France, on April 7, 2014, in front of industry experts from …

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