Corporate venturing

Mail.Ru Group invests in four Russian gaming companies

December 12, 2018

LSE-listed Mail.Ru Group has invested in four Russian gaming companies via Mail.Ru Games Ventures (MRGV), the dedicated investment division it launched last year. As reported by the Russian media, these companies are Moscow-based Game Garden (Farmdale, Fairy Kingdom), Mobirate (Parking Mania, Dead Ahead, Rovercraft) from Ulyanovsk, Siberia, Red Brix Wall (Battle Arena: Heroes Adventure) and Zillion Whales (Mushroom Wars), both based in St. Petersburg. Each of …

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Ozon needs “more than $200 million” to remain in the running for e-commerce leadership

December 3, 2018

Ozon, one of the leading Russian e-commerce companies, intends to raise several hundreds of million USD in equity next year to support new investments in logistics and IT. As these plans were aired in the Russian media by the company’s general director Alexander Shulgin, an unnamed source told Kommersant that Ozon wants to raised “more …

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Report: Venture investment grew to $262 million in Russia in H1 2018

February 4, 2019

RB Partners, a Moscow based M&A, corporate finance and VC advisory, has just released the English version of its bi-annual review of the Russian venture market. The report includes a selection of articles from East-West Digital News which illustrate the industry trends in the first half of 2018. The period was marked by a certain stability, note …

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Sistema Asia injects additional capital in Indian fitness startup HealthifyMe

November 22, 2018

Just nine months after the completion of a $12 million Series B round, HealthifyMe, a leading e-health and fitness platform in India, has raised an additional $6 million as an extension of that round. As reported by the Indian media, the round has involved Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, …

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Alfa Group invests in the embryonic Russian insurtech market

October 25, 2018

One of Russia’s first sizable insurtech projects is set to emerge soon, with millions of US dollars being invested in an online-only insurance offer. Dubbed ‘Mango,’ the platform will sell its own products and those of traditional insurance companies through a “technologically advanced marketplace,” CEO Viktor Lavrenko told Russian daily RBC earlier this month. “Our …

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Kremlin requests big corps to contribute to giant state-directed tech investment plan

November 12, 2020

Following a Kremlin initiative, 15 big Russian corporations from the metallurgical, chemical and oil industries are likely to become unenthusiastic high tech and social investors. This past July, the Kremlin administration  announced its intention to take 500 billion rubles (some $7.7 billion at the current exchange rate) out of the corporations’ “superprofits.” These corporations include Alrosa, Evraz, Magnitogorsk Iron …

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Abbyy and Softline invest in document software technologies

October 21, 2018

Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired ATAPY Software, as reported by online publication Rusbase. The terms of the deal have not been disclosed. Based in Novosibirsk, Siberia, ATAPY Software provides a variety of custom software development services in the fields of document workflow, document imaging, data capture, optical character recognition (OCR), …

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Severstal Ventures backs international fund to invest in intelligent systems and automation solutions

November 12, 2020

Severstal Ventures, an investment vehicle created earlier this year by the Russian steel and mining giant Severstal, has backed the first round of the Chrysalix RoboValley fund (Chrysalix RBV GP Ltd), along with other corporations. The amount of Severstal Ventures’ contribution has not been disclosed officially, but in an exchange with Russian business daily Vedomosti, …

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Sistema Asia Capital backs yet another Indian food delivery startup

September 28, 2018

Earlier this month Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, took  part in a $25 million Series C funding round for Licious, an Indian online meat and fish ordering startup. The funding round was led by Bertelsmann India Investments, UCLA, and Vertex Ventures Southeast Asia & India, while Mayfield …

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Airline company S7 to launch $50 million venture fund

September 27, 2018

S7 Group, a major Russian airline company, is about to launch a $50 million venture fund, Vedomosti reports. Since last year, the group has already invested some $10 million “in startups developing digital and industrial technologies,” S7’s VP for innovation Dmitry Chuiko told the business daily. These startups are from Western Europe, the USA, India and China, with …

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Sistema’s venture arm invests in Indian credit startup

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, is one of the main investors in a $30 million funding round for Indian e-credit startup Kissht. Singapore’s Vertex Ventures SEA (Temasek Holdings) has co-led the round, which also involved existing investors, Indian funds VenturEast and Endiya Partners, and China’s Fosun RZ Capital. Founded …

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Sistema’s Asian venture arm invests in Indian health product marketplace

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam, have invested for the second time in Indian healthcare startup Netmeds. As reported by Techiexperts, they have just participated (with undisclosed contribution) in a $35 million Series C round which also involved Daun Penh Cambodia Group …

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