The Russian crowdfunding market has contracted by more than 40% in 2019, figures from the Central Bank have shown. In the first nine months of the year, 5.2 billion rubles ($81 million) had been raised through crowdfunding on Russian platforms, compared to more than 8 billion rubles in the same period of 2018, Russian business …
Update Nov. 12: ID finance finally closed the crowdfunding campaign one week ahead of schedule. The company raised £4.95 million ($6.36 million) in total, more than three times as much as the initial target. ID Finance, a Barcelona-based fintech company with Russian roots, claims to have raised nearly $2 million in just a few minutes last …
ID Finance secures $2 million in minutes on crowdfunding platform Read More
Earlier this month Da Vinci Capital – a major EBRD-backed and PE firm focusing on Russia and neighboring countries – announced an investment of 100 million rubles ($1.57 million at the current exchange rate) in BitRussia. BitRussia presents itself as an international blockchain-based crowdfunding platform. It aims to put together projects and investors using distributed ledgers, asset …
Co-founded in 2012 by Maria Dokshina, Evgeny Gavrilin and Ruslan Tugushev, Russian crowdfunding platform Boomstarter is delving into the cryptosphere. The company has just announced that it “raised $1 million in early financing as venture funds and private companies join its ongoing token sale.” While still operating its classic crowdfunding site, Boomstarter.ru, the company now aims to launch “the first …
Konstantin Khabensky, a famous Russian actor and director, has teamed up with Ilya Zibarev, the ex-chairman of the bank Russian standard, and Nick Evdokimov, the founder of ICOBox, an ICO suport service provider, to launch Cinematix. The news was reported last week by Russian business daily Kommersant. Touted as “the world’s first platform for mass-producing ICOs for …
The Russian startup Hudway has exceeded its $100,000 funding target in less than 24 hours in a Kickstarter campaign for its latest head-up display (HUD). On August 30, just two days after the campaign launch, the startup had already raised nearly $195,000 from more than 900 backers. Hudway is setting up mass production of HUDWAY Cast, a portable head-up display that …
Russian Hudway overreaches crowdfunding goal to launch next-gen safe driving device Read More
Kapinvest 21, a VC company in Tyumen, in Russia’s Southeast Urals, has partnered with a group of unnamed Chinese investors, Asia LP, to launch FinShi Capital, a venture fund based on cryptocurrencies. The fund will target blockchain and fintech projects in Russia and beyond. The fund began selling pre-ICO (Initial Coin Offering) tokens today, June 15, with …
Siberian venture firm teams up with Chinese investors to launch cryptocurrency-based fund Read More
On Monday, the online wallet service Yandex.Money announced that it would stop allowing online transfers of money to individuals for political purposes in order to comply with Russian election laws—a decision many see as aimed at undermining opposition leader Alexei Navalny, who is using the service to crowdfund his 2018 presidential campaign. In a blog post published on Monday afternoon, …
Political crowdfunding by individuals no longer allowed in Russia Read More
On June 21, Ekaterina Romanovskaya — one of the two founders of Russia’s most popular satirical Twitter account, KermlinRussia — launched a Kickstarter campaign to raise funds for her new project, Nimb. The product is a “smart ring” designed to help users inform family and friends quickly when they find themselves in danger. With almost 1,500 backers, …
Russian smart ring overreaches crowdfunding target on Kickstarter Read More
Last month Darta Systems, a Russian-Canadian biomedical startup, launched the Emvio Watch, a gadget that “measures stress and makes everyday stress management easier ” In contrast to ordinary fitness bands, the device lets users know when they overreact to such negative situations as disagreements with people, waiting in line or bad news. According to its …
A startup with routes in Russia’s second city has attracted more than $221k in funding on Indiegogo. The company is called iTraq, and has developed a small device whose location can be tracked using a smartphone app. The iTraq device looks just a lot like a standard credit card, and can be carried in a wallet, …
Around 58 percent of Americans with annual incomes of $25,000 or more are prepared to invest in early-stage startups, according to a U.S. crowdfunding industry study by EarlyIQ, Crowdfund Professional Association, and Crowdfund Capital Advisors. They are prepared to support two or three startups annually, by investing around $2,000 in each. Americans making in excess of $75,000 a …
Russian crowdfunding longs for legislation and trust Read More
