Finance

Report: DST invested $315 million in German startup incubator Rocket Internet

May 8, 2013 May 8, 2013

Digital Sky Technologies (DST Global), the global investment fund led by Yuri Milner, appears to be a major investor in German startup incubator Rocket Internet. According to the incubator’s slide deck, found by The Manager magazine, DST has already pumped $315 million into the project. This makes DST the second biggest investor in the incubator …

Report: DST invested $315 million in German startup incubator Rocket Internet Read More

E-payment operator Qiwi raises $212 million in NASDAQ IPO

May 6, 2013 May 6, 2013

Completing its initial public ‪offering on the NASDAQ last Friday, Russian payment operator Qiwi raised $212 million by selling 12.5 million class B shares at $17 each. Initially, Qiwi had expected to sell 12 million shares at a price between $16 and $18 apiece.‬ All the shares were offered by selling stockholders. Qiwi is valued …

E-payment operator Qiwi raises $212 million in NASDAQ IPO Read More

Moscow Seed Fund and Igor Ryabenkiy invest in social shopping advisor

May 6, 2013 November 19, 2014

SocialMart, a two-year-old Russian product recommendation service for social networks, raised an as yet unspecified amount of investment in late April from Moscow Seed Fund, Moscow City’s venture arm, and Igor Ryabenkiy, a serial Russian angel investor. Ryabenkiy already backed the Moscow-based startup last fall in SocialMart’s seed round. That investment helped the company further …

Moscow Seed Fund and Igor Ryabenkiy invest in social shopping advisor Read More

From Skolkovo to Kazan, international VCs visit top innovation spots but lose hockey match against local champions

May 2, 2013 May 2, 2013

Held last week in Moscow and Kazan, Tatarstan, the 2013 edition of the Russian Tech Tour offered yet another illustration of the growing appeal of the Russian tech scene to venture capitalists. Not only did more than 70 Western and Russian businessmen visit some of the Russian capital’s hottest tech spots, from Skolkovo to Digital October, they …

From Skolkovo to Kazan, international VCs visit top innovation spots but lose hockey match against local champions Read More

Russian billionaire Alisher Usmanov buys $100 million stake in Apple

May 2, 2013 January 23, 2016

Russia’s richest man Alisher Usmanov told Bloomberg that he recently spent about $100 million buying Apple shares in anticipation they will rise. “I believe in the future of this company even after Steve Jobs,” he said to the news agency. “When the company lost $100 billion of its market value, it was a good time to buy …

Russian billionaire Alisher Usmanov buys $100 million stake in Apple Read More

Remote working platform Workle raises $3.5 million

April 30, 2013 April 30, 2013

Moscow-based startup Workle, whose platform enables residents of Russia’s regions to work on a remote basis for leading companies, announced last week it has raised $3.5 million in its second round of funding. The investment came from Klever Internet Investment, the technology branch of a major Russian private investor, Klever Asset Management. Klever has also received the …

Remote working platform Workle raises $3.5 million Read More

Forbes ranking: Hi-tech has made just two billionaires in Russia

April 29, 2013 April 29, 2013

Among Russia’s billionaires, only two have made their wealth exclusively from high technology industries, according to Forbes’ latest ranking of Russia’s billionaires released earlier this month. The Russian edition of the US magazine has estimated the wealth of Arkady Volozh, the co-founder, main shareholder and CEO of NASDAQ-listed search company Yandex, at $1.15 billion.

Luxoft acquires open-source solutions of Freedom OSS

April 29, 2013 April 29, 2013

Luxoft, a prominent offshore software developer with headquarters in Moscow, announced last week the acquisition of the open-source solutions of Freedom OSS as well as “some [of its] other assets.” Based in Newtown, PA, Freedom OSS provides clients in the U.S. with consulting and implementation services related to JBoss and Red Hat Professional Open Source products.

Russia’s venture market doubled in 2012, but angel investing still lacked maturity

April 25, 2013 April 25, 2013

Last week, RVC, the national fund of funds dedicated to innovation, and PWC presented a report about the Russian VC market in 2012. While in 2011 the total amount of deals reached approximately $400 million, the market more than doubled in 2012, reaching $910.6 million. The figure includes only those deals which have been made …

Russia’s venture market doubled in 2012, but angel investing still lacked maturity Read More

Qiwi estimates itself at $832–936 million

April 25, 2013 April 25, 2013

Qiwi PLC, owner of Russia’s biggest instant-payment operator, announced that its shareholders were seeking to list 12 million Class B shares (U.S. $16–18 each) in the form of American depositary shares (ADS) on the NASDAQ in May. Overall, the company owns 52 million shares, so the placement of 12 million Class B shares accounts for the …

Qiwi estimates itself at $832–936 million Read More

Russian angels invest in innovative Finnish online-offline retail analytics

April 24, 2013 November 19, 2014

Walkbase, a Finnish startup that has developed an innovative retail analytics solution, has received a seed capital injection from Russian and Scandinavian investors after four years of R&D. Neither the amount of the round nor the company’s valuation have been disclosed. The investors include Leonid Gluzman and Leonid Volkov, two Russian business angels, and Jan …

Russian angels invest in innovative Finnish online-offline retail analytics Read More

New Vkontakte shareholder UCP offers peace to Durov and Mail.ru Group

April 22, 2013 April 22, 2013

In a controversial TV program aired yesterday, Ilya Shcherbovich, the president of the UCP fund which has just acquired a 48% stake in Vkontakte, brought some clarity to his strategy as a major shareholder of Russia’s first social network. Shcherbovich presented himself as a purely financial investor interested in an asset for which he sees bright prospects. …

New Vkontakte shareholder UCP offers peace to Durov and Mail.ru Group Read More

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