Impact Investment

20 sovereign funds and international institutions prepare joint response to Covid-19 pandemic

More than 20 international investment institutions and sovereign wealth funds, including Russia’s RDIF, are discussing potential coordinated efforts to fight the Covid-19 pandemic. In late April a video conferencegathered these organizations representing Brazil, China, France, India, Italy, Japan, Kuwait, Oman, Russia, Saudi Arabia, Singapore,  South Korea, Thailand, the UAE and the USA. As stated by …

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Sberbank invests in PayZakat, a payment system that helps Muslims collect alms

Sberbank, the state-controlled financial giant in Russia, is going to acquire 25% stake in PayZakat, the bank stated without disclosing the financial details of the deal.  This Moscow-based startup has developed a payment platform to help Muslim users collect obligatory and voluntary alms. With the help of PayZakat’s bots in social networks, Muslim users can calculate their …

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IIDF invests $1.3 million in mobile medical alert system

Knopka Zhizni (“Life Button”) has raised 45 million rubles (approximately $1.3 million) from IIDF (FRII in Russian), a $200 million seed and early-stage fund launched last year. The news was reported yesterday by IKS Media. Founded in November 2010 by MBA students of the Skolkovo Management School, the startup has developed a mobile medical alert system for the …

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Mobile medicine startup ‘Life Button’ raises $1 million

Knopka Zhizni (“Life Button”), a startup that has developed a mobile medical alert system for the elderly and the disabled, has raised “over 35 million rubles” (over $1 million) from Rintech.ru, a subsidiary of the diversified high tech group IT Co. Founded in November 2010 by MBA students of the Skolkovo Management School, the startup turned heads last …

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