Finance

Video portal Zoomby.ru secures $10 million in funding

June 5, 2013

Russian Internet group WebMediaGroup has attracted $10 million for its video portal Zoomby.ru, an aggregator of broadcast quality video content developed in partnership with a state-owned Russian TV channel. The round was carried out by the Leader-Innovations – a 3 billion ruble venture fund launched in 2008 with the participation of the state-owned fund of funds RVC, – Gazprombank, one …

Video portal Zoomby.ru secures $10 million in funding Read More

Russian IT market veteran takes over young web security solutions provider

November 19, 2014

Treolan, a dynamic, Moscow-based distributor of hardware and software products, announced last week the takeover of Safeline, a leading, six-year-old, multivendor distributor of IT security solutions in Russia and the former USSR. Informzaschita, the seller in the deal and a leader in Russia’s IT security market for over 17 years, confirmed the transaction in its own …

Russian IT market veteran takes over young web security solutions provider Read More

Online ad management startup CPAExchange secures seed funding on a highly competitive market

May 31, 2013

Prostor Capital announced yesterday that it has purchased a 25% stake in online ad management startup CPAExchange in a seed funding round. Neither the exact amount of the investment nor the company’s valuation have been disclosed. Founded in 2012, CPAExchange is a service that allows customers to place and manage advertisements online using the click-per-action …

Online ad management startup CPAExchange secures seed funding on a highly competitive market Read More

Mail.Ru Group invests $1.5m in visual search provider Cortiсa

May 29, 2013

Leading Russian Internet group Mail.Ru Group announced yesterday that it has poured $1.5 million into the Israeli visual search developer Cortica. The funding is part of a larger round led by other undisclosed investors; it brings the total amount attracted by Cortica to more than $12.5 million. The investment in Cortica allows Mail.Ru Group to …

Mail.Ru Group invests $1.5m in visual search provider Cortiсa Read More

HSE-backed startup Hiconversion lands $300,000 in funding

May 28, 2013

Moscow-based social network advertising platform Hiconversion announced last week that it has received about 9.1 million rubles (almost $300,000) in seed funding from serial angel investor Igor Ryabenkiy and the Moscow Seed Fund, Moscow City’s venture investment arm. Ryabenkiy contributed some 3 million rubles, while the fund provided the other 6 million. The company’s total …

HSE-backed startup Hiconversion lands $300,000 in funding Read More

E-learning startup YaKlass attracts funding, plans international expansion

May 27, 2013

Moscow-based e-learning startup YaKlass has announced that it has secured a seed funding round from Latvia’s Data Pro Group, Russia’s Vesna Investment and entrepreneur Nikita Khalyavin, CNews.ru revealed last week. The amount of the investment has not been disclosed, but CEO Valeriy Nikitin told East-West Digital News that it valued YaKlass at $2 million.

RT-Invest launches later-stage IT fund for Russian and foreign companies

May 27, 2013

RT-Invest, the investment arm of the Russian Technologies State Corporation, has launched a closed private equity fund called “RT-Invest Global Technology I.” The new fund is in fact a sub-fund of the $400 million Global Technology Fund, explained RT-Invest PR representative Victoriya Mikhalchenko in an exchange with East-West Digital News. It was created to invest …

RT-Invest launches later-stage IT fund for Russian and foreign companies Read More

Russian offshore software developer Luxoft heading toward New York IPO

May 24, 2013

Luxoft, a major offshore software developer headquartered in Moscow, announced yesterday that it has filed a registration statement for a proposed initial public offering of its Class A ordinary shares. The book-running managers in the operation will be UBS Limited, Credit Suisse, J.P. Morgan, VTB Capital, and Cowen and Company. According to the filing, Luxoft …

Russian offshore software developer Luxoft heading toward New York IPO Read More

Grishin Robotics invests $500,000 in Swivl video docking station

May 23, 2013

The Grishin Robotics investment company, established by Mail.ru Group CEO Dmitry Grishin, announced yesterday that it has invested $500,000 in Swivl, a robotic video platform for iOS devices. This funding round brings the total capital attracted by Swivl to $1.625 million. California-based Swivl produces robotic docks compatible with the iPhone and iPad that can play …

Grishin Robotics invests $500,000 in Swivl video docking station Read More

Music analysis startup FindStream monitors 27,000 Internet radio stations

May 21, 2013

Balakam, a Russian company which launched a search engine for media content two years ago, has just released the beta version of its new project, christened FindStream. The service monitors more than 27,000 Internet radio stations every two minutes, providing users with data on track popularity and emerging trends in the music industry. The service …

Music analysis startup FindStream monitors 27,000 Internet radio stations Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.