Last month Moscow-based fashion retailer Trends Brands announced it had raised $4 million in a Series B round. The amount includes $3 million from French venture fund Ventech and $1 million from Ru-Net and Kite Ventures, two Russian funds operating internationally, a source close to the deal told East-West Digital News. Ru-Net and Kite Ventures had …
uBank, a mobile payment startup launched in late 2011, announced earlier this week an $8 million capital injection – its first round of funding – from Runa Capital, a Moscow-based venture fund that operates internationally. uBank’s valuation has not been disclosed, but its CMO Evgeniy Kozlov told East-West Digital News that the founders have kept a …
Brilliant mobile payment startup raises $8 million but faces many unknowns Read More
Russian telecom operator TTK has announced the completion of an across-the-board buyout of 18 regional subsidiaries previously owned by Russian Railways, the national rail operator and TTK’s sole shareholder. To accomplish the task, TTK in December sold 1.069 billion rubles (about $36 million) worth of new shares to Russian Railways, which paid with its stakes …
TTK consolidates assets, becomes major Russian telecom operator Read More
Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), a leading Internet company in the high-growth Russian-speaking Internet market, today provides the following preliminary unaudited segment financial information and key operating highlights for the full year ended 31 December 2012.
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week that it has invested $1 million in mobile advertising network Adinch in exchange for a 20% stake. Adinch has developed a “universal self-service mobile advertising platform,” enabling advertisers to organize campaigns on iOS and Android mobile devices and developers to monetize their mobile …
Russian mobile advertising startup raises $1 million to go global Read More
Virool, a San Francisco-based startup founded in 2011 by a Russian team, has announced that it raised $6.62 million from leading venture funds and business angels. The operation actually took place several months ago, two sources close to the deal told East-West Digital News, but was announced only last week. A Y-Combinator graduate, Virool defines itself as …
Social video platform Virool raises giant $6.62 million seed round Read More
Moscow and The Hague, Netherlands – Yandex (Nasdaq:YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the fourth quarter and the full year ended December 31, 2012.
Pascal Clément, the Moscow-based French entrepreneur who co-founded Fastlane Ventures, has broadened his investment focus to include a range of new countries through a new investment vehicle, christened Simile Venture Partners. Since it launched in June of last year, Simile has been investing at the seed or early stages “in any geography where market opportunities …
Fastlane founder Pascal Clément’s new tech fund invests around the world Read More
International investor Black Ocean has put $500,000 into the Russian educational e-commerce site BimBasket, Rusbase.com reported last week. Scheduled for launch next month, the site will enable parents to subscribe to a recurring product offer – from toys to books to musical instruments – designed to instruct and entertain their infants and young children. The …
Black Ocean invests $500,000 in educational e-commerce Read More
Car-Fin, a Russian startup developing innovative solutions for online car brokers, announced last week that it secured $400,000 in funding from investment fund Prostor Capital and the Moscow Seed Fund, the venture investment vehicle of the Moscow city authorities. The startup is a graduate of GTI Labs, the business accelerator launched last year by investment consulting …
Online car credit solutions startup secures $400,000 VC investment Read More
Two western real estate professionals, Stephen Inscoe and Carlo Walther, told East-West Digital News that they have launched an innovative real estate listing site christened ‘Idinaidi.ru’ (“Go and find” in Russian). They have received financial support from international investment firms Sorren Media and Camco Private Equity Group. After running in beta testing since mid-December, the …
New real estate listing site maps properties in 38 Russian cities Read More
Berlin-based Point Nine and Russia’s Runa Capital are teaming up to invest $2m in Mambu, a Berlin-based SaaS startup one of its supporters says could “radically change the entire face of the microfinance industry.” Kizoo, a previous investor in the microfinance technology services provider, also contributed to the funding round. The startup provides a SaaS solution to …
