Education & HR

Ukrainian fund puts $1 million in Russian-founded edtech startup

December 4, 2019

A Kyiv (Kiev)-based venture fund, Genesis Investments , has just injected $1 million in Russian-founded edtech startup IntellectoKids.  The news was reported earlier this week by Rusbase, which cited exchanges with the startup’s press service. The details of the transaction were not disclosed.  Founded in 2016, IntellectoKids presents itself as a media, entertainment and education platform for parents and …

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US startup Occipital absorbs GeoCV team to launch R&D activities in Moscow

October 18, 2019

US computer vision startup Occipital is launching an R&D office in Moscow, having absorbed the team of GeoCV, a startup with Russian roots. “By joining the teams we will enable new computer vision applications, which bring value to consumers and businesses,” said Gleb Krivovyaz, GeoCV co-founder and CTO. “Teaching devices to see and understand the world in …

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Moscow’s EdCrunch to gather 300 international experts and 20,000 attendees (Oct. 1-2)

October 3, 2019

Held in Moscow for the 6th time under the aegis of the Russian government, the annual EdCrunch is one the largest edtech events in Europe. It is also a unique discussion platform for educational experts, scientists, teachers, parents, methodologists, HR specialists and business entrepreneurs from all over the world, in a word, everyone who is interested …

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UK edtech startup secures $6 million from Russian investors

August 19, 2019

MEL Science, a UK online education service with Russian roots which aims to “engage kids into science,” has secured a $6 million round of funding. The deal was reported earlier this month by VC.RU, which cited exchanges with the investors.  The funding came from two international venture funds with Russian roots, TMT Investments and Digital Horizon, …

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Maximum Education secures $6.2 million from major Russian funds

August 7, 2019

In late July Skolkovo Digital, a tech investment fund managed by Skolkovo Ventures and iTech Capital, led a $6.2 million Series B round in Maximum Education.  The company’s existing investors, Russia Partners and Capman, also participated in the funding deal. They had injected $4 million in Maximum Education in an earlier round, back in 2016. A resident of …

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Russian state to put more than $100 million in edtech fund

June 14, 2019

The Russian Ministry of Economic Development and RVC, the Russian state fund-of-funds dedicated to innovation, have inked an agreement to create a new venture fund dedicated to IT innovation in the field of education. The fund will target projects using the latest word of IT technologies on the global market. The parties are committed to provide …

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President Putin: “AI is one the key areas that determine the future of the entire world”

June 6, 2019

On May 30 Vladimir Putin held a meeting on the development of artificial intelligence technologies. It took place during a visit to School 21, established by Sberbank as an educational organization to train IT specialists. Before the meeting, the head of state was told about the academic process at School 21 and had a brief …

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Mail.Ru Group acquires online recruiting service Worki

May 30, 2019

Moscow-based online recruiting service Worki, “is now part of Mail.Ru Group,” the company reported in its blog, without specifying the size and price of the stake acquired by the group. “After the deal is settled, Worki will work in synergy with other projects of Mail.ru Group, including its classifieds website Youla, thus increasing the group’s presence on the …

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Russian-founded ride-hailing service raises $15 million, moves headquarters to London

May 2, 2019

Wheely, a Russian-founded luxury ride-hailing service, hase raised $15 million from a pool of investors that includes UK investment partnership Concentric and three Russian tech businessmen – Oleg Cheltsov, Dmitry Eremeev and Mikhail Sokolov.  Wheely allows customers to book chauffeur-driven journeys both on-demand and pre-booked through an app. Its service is available in six Russian …

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Steel magnate Alexey Mordashov buys a Moscow startup that helps people adopt healthier lifestyle

July 30, 2019

Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has acquired GetLean, a Moscow-based startup providing courses for healthier food and lifestyle. The terms of the deal have not been disclosed. Founded by Yulia Gurbanova in 2016, the young company has a team of 10 people, including three full-time employees.  Its “science-based” 12-week …

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Major state sponsor withdraws from blockchain competency center in Moscow

March 5, 2019

VEB.RF (the new name for VEB, or Vnesheconombank, a major Russian state-owned financial institution) has stopped financing a digital transformation and blockchain competency center which it had co-founded in late 2017 with Russia’s National University of Science and Technology (MISIS). The 5,000 sq. m. center involved some 20 companies including Ethereum, Bitfury, Waves, E&Y and PwC. It was engaged in …

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Mail.Ru Group invests in online IT education platform

July 11, 2020

Mail.Ru Group, the LSE-listed Russian Internet giant, is investing is Skillbox, an e-learning platform for digital and IT specialties. The transaction was revealed yesterday by business daily Vedomosti, based on exchanges with representatives of both companies. The group has acquired a 3.6% stake for an undisclosed amount as part of a plan to ultimately acquire …

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