Finance

Prostor Capital seeks new investor for online video solution provider Dulton Media

February 15, 2013

Prostor Capital is considering selling its majority stake in Dulton Media or “associating it with a strategic partner” to further develop it, the fund’s Managing Director Alexey Solovyov said in an exchange with East-West Digital News. A Moscow-based startup specializing in online video solutions, Dulton is developing such projects as YaTV, a video broadcasting and …

Prostor Capital seeks new investor for online video solution provider Dulton Media Read More

Cargo freight solutions startup raises $1 million from Runa Capital

February 12, 2013

Gruzobzor.ru, a provider of online solutions for cargo freight, has secured $1 million from Runa Capital, a Moscow-based international venture fund. The terms of the deal have not been disclosed, but Runa indicated it got a minority stake, Rusbase.com reported earlier this week. Gruzobzor’s solutions enable shippers and freight forwarders to share electronic documents and …

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Game Insight secures $25 million to expand internationally; founder Alisa Chumachenko among world’s top 5 startup women

November 18, 2024

Game Insight, a leading Russian mobile game publisher operating globally, announced last week that it raised $25 million from In Mobile Investment (IMI.VC), a Moscow-based venture fund established in 2011. The financial terms of the deal, which follows several smaller investments from IMI.VC over the past two years, have not been disclosed. “Game Insight has a …

Game Insight secures $25 million to expand internationally; founder Alisa Chumachenko among world’s top 5 startup women Read More

US business angel Esther Dyson: “The government should mostly stop investing in startups – it should become a good customer”

February 11, 2013

Esther Dyson is a former journalist and Wall Street technology analyst, as well as a leading angel investor, entrepreneur, philanthropist, and business commentator. She has focused her career on breakthroughs in innovative healthcare, government transparency, digital technology, biotechnology, and space. Dyson is on the supervisory board of Yandex, as well as the advisory board of …

US business angel Esther Dyson: “The government should mostly stop investing in startups – it should become a good customer” Read More

Russia’s Phenomen Ventures takes part in Hailo’s round along with top international investors

February 8, 2013

Hailo, a London-based mobile taxi booking service, announced earlier this week that it secured a $30.6 million investment, making it “the largest and best-capitalized taxi app network in the world with over $50 million raised.” New York-based Union Square Ventures (USV), Russia’s Phenomen, Japan’s KDDI, and Sir Richard Branson are joining existing investors Accel, Atomico …

Russia’s Phenomen Ventures takes part in Hailo’s round along with top international investors Read More

Tech Tour seeks 25 most promising emerging Russian technology companies

February 7, 2013

Deadline for applications for the 2013 Russian Tech Tour: February 22 – The 2013 Russian Tech Tour, which will be held in Moscow and Kazan on April 23-26, will pair the most promising early and later stage growth companies with representatives from leading cross-border venture capital and global corporate firms. The funds that will be …

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Kaspersky Lab drops IPO plan to remain “flexible”

November 19, 2014

Kaspersky Lab, the leading Russian IT security company, is shelving its IPO plans and wants to buy back the 20% stake it sold to a private equity investor a year ago, announced founder and CEO Eugene Kaspersky. With cyber-threats today increasingly aggressive and constantly evolving, Kaspersky thinks his company “must be as flexible as possible …

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Onetwotrip prepares for international expansion, plans Western IPO in 2014

February 5, 2013

Onetwotrip.com, the rising star of the Russian online travel industry, intends to go public “as early as next year, once sales approach $1 billion a year,” CEO Petr Kutis told Bloomberg last week.  The startup claims to have generated $306 million in gross sales last year, including $112 million in the last quarter alone. In …

Onetwotrip prepares for international expansion, plans Western IPO in 2014 Read More

Roman Abramovich invests $118 million in British mobile operator

February 4, 2013

UK-based international mobile operator Truphone announced this past Friday it has secured £75 million in a round of funding from investors including Russian billionaire Roman Abramovich. Abramovich’s investment company, Minden, has acquired a 23.3% stake for £70 million ($118 million), valuing the company at £300 million ($473 million).

Microsoft Seed Fund supports regional startup scene

February 1, 2013

Since the beginning of 2013, the Microsoft Seed Fund has provided a total of $110,000 in grants to two startups from Russia’s regions. A $50,000 grant went to RealSpeaker, a startup from Kazan, Tatarstan, which offers a new approach to speech recognition. The company also recently received financing from Startobaza, a local seed-stage investment company, along with …

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Context ad service Begun seeks investor

January 29, 2013

Rambler-Afisha, an Internet group owned by Russian tycoon Vladimir Potanin’s ProfMedia holding, is seeking to attract an investor in Begun, a context advertising company which it fully acquired just months ago. In an exchange with the Russian business daily Vedomosti, Rambler-Afisha General Manager Nikolai Molibog confirmed that co-investment with a third-party was being considered in order …

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Payment operator Qiwi to invest up to $1 million in Russian and foreign startups

January 23, 2013

Qiwi, a leading operator of cash payment terminals and electronic wallets operating in Russia and internationally, intends to invest in startups whose solutions could help the group develop its own offers. ‘Qiwi Venture’ will stand as a branch of the company, not a separate investment vehicle, Qiwi’s PR Director Alexandra Vysochkina said in an exchange …

Payment operator Qiwi to invest up to $1 million in Russian and foreign startups Read More

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