Dbrain, a startup that “turns raw data into real-world AI,” has just raised $5.7 million from Angelvest and Bitfury Group. Two distinct deals were closed in late July, the startup’s press service told us: an equity and a private token sale, of $3 million and $2.7 million respectively, with a group of cryptocurrency traders contributing to the token sale. …
Indian startup Faaso’s has just secured $15 million from an investor consortium that includes Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, Ru-Net, an international fund led by Russian venture magnate Leonid Boguslavsky, as well as Sequoia Capital India, Lightbox and Evolvence India. The news was reported this morning by …
Two major deals in two months: Indian food delivery startups woo Russian VC billionaires Read More
Earlier this month Rosatom, the Russian state atomic energy corporation, announced that it will inject up to 3 billion rubles ($47.5 million at the current exchange rate), along with other LPs, in a new venture fund christened ‘Digital Evolution Ventures.’ The fund will focus on business solutions for a range of promising industries, not only nuclear related, told …
After investing $17 million in Telegram’s ICO private presale this past winter, Sergey Solonin, a co-founder of payment operator Qiwi, has committed to invest 220 million rubles (roughly $3.5 million at the current exchange rate) in Skolkovo Digital, the IT fund managed by Skolkovo Ventures, Skolkovo announced on June 1. Skolkovo Digital primarily targets startups in the …
Skolkovo Ventures attracts over $8 million from QIWI co-founder and Russian Helicopters Read More
Sistema VC, the venture arm of the Russian conglomerate Sistema, has taken part in a $26.4 million Series B round for SQream, a New York-headquartered startup offering a GPU database “for fast, scalable SQL analytics.” Announced on May 30, the round was led by Alibaba Group with participation from existing and new investors including Hanaco …
Sistema VC teams up with Alibaba Group to invest in US-based Big Data startup Read More
Sistema VC, the venture arm of the Russian conglomerate Sistema, led a $2.5 million pre-A round for TraceAir, a US-Russian startup which develops construction automation solutions, the fund announced last week. Other participants in the round include US companies Engeo, a provider of geotechnical and environmental services, and Independent Construction Co., which owns “one of the …
Sistema VC leads $2.5 million round for US-Russian startup TraceAir Read More
CardsMobile, a developer of contactless payment solutions, including mobile app ‘The Wallet,’ has raised an undisclosed amount in investment from Alfa Bank, a leading Russian commercial bank, in exchange for a 25% stake. The funding will be used to develop further the app, which allows consumers to save all their loyalty, bank and transport cards in …
Alfa Bank invests in CardsMobile to “fully correspond to the digital future” Read More
Mail.Ru Group, the LSE-listed Russian Internet giant, has launched a subsidiary to invest in foodtech, the business publication RBC reported last week, citing exchanges with group representatives. Dubbed Mail.Ru Foodtech Ventures, the subsidiary may invest in “any startup related to food and technology,” a Mail.Ru representative told RBC. This includes online restaurant booking, subscription-based food …
Mail.Ru Group launches dedicated vehicle to invest in foodtech Read More
Last week Mail.Ru Group and MegaFon, two LSE-listed Russian Internet and mobile leaders, announced the acquisition of a majority stake in CityMobil, a Moscow-based taxi-hailing service. After the completion of the round, Mail.Ru Group and MegaFon will respectively own a 26% stake and an up to 31% stake in the company in exchange for capital …
Mail.Ru Group and MegaFon invest $26 million in taxi-hailing service CityMobil Read More
How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in lesser known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many …
Earlier this month HealthifyMe, which presents itself as India’s leading e-health and fitness platform, announced the completion of a $12 million series B round of funding led by Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema. The round also involved Silicon Valley-based Samsung NEXT, Singapore’s Atlas Asset Management and …
Russia’s Sistema Asia Fund invests in Indian startup offering “world’s first AI coach” Read More
Last week MTS, a leading Russian mobile operator, announced the acquisition of a 100% share in Ticketland.ru and a 78.2% share in Ponominalu.ru, two leading event ticket operators in the Russian market. MTS says it expects to establish itself as a leading ticket operator in Russia. The deal “will allow the company to broaden its …
MTS acquires two event ticketing companies, aims for market leadership Read More
