Finance

New seed fund helps startups “change the way cars are sold and serviced”

November 23, 2012

While venture funds are springing up in Moscow, one small fund in particular should not go unnoticed. Established just two months ago, Cloud4Auto focuses specifically on automotive technologies – a unique case in the world, the Chairman of the fund’s Supervisory Board, Innokenty Belotsky, told East West Digital News. “Cars are a very important part …

New seed fund helps startups “change the way cars are sold and serviced” Read More

State-owned fund to complement business angel financing

November 23, 2012

Yesterday, RVC, the state-owned fund of funds dedicated to innovation, announced a new program to complement business angel investment in Russian startups at very early stages. The fund’s co-investment will amount to up to 3 million rubles (approximately $100,000), covering from 25% to 75% of the rounds of funding. Business angels are eligible to submit co-investment …

State-owned fund to complement business angel financing Read More

Megafon recruits British lord

November 22, 2012

Paul Myners, a former commercial secretary to the UK Treasury, is to join the board of directors of Russian mobile phone company MegaFon. The matter will be discussed at a general meeting of the company. Lord Paul Myners, who was made a life peer and entitled to a seat in the House of Lords in …

Megafon recruits British lord Read More

Almaz Capital’s Vyatta sold to US industry player

November 10, 2012

Leading Russian venture fund Almaz Capital announced earlier this week that its portfolio company Vyatta, a Belmont, California-based publisher of software security and networking solutions, has been sold to Brocade, a major provider of network solutions. Almaz had acquired a minority stake in the company – less than 25%, PR Director Anna Goryacheva told East-West …

Almaz Capital’s Vyatta sold to US industry player Read More

New rating helps investors identify Russia’s best startups

November 9, 2012

Investors now have a new instrument to identify and assess startups: the Russian Startup Index (RSI), which was tested for the first time last week at the Open Innovations international forum in Moscow. The index rates each startup with a combination of letters, from “AAA” (most attractive) to “D” (expected to fail), in a way …

New rating helps investors identify Russia’s best startups Read More

Russian video sharing startup ClipClock secures $2.5 million from Runa Capital.

November 8, 2012

ClipClock, a Russian video sharing startup,  announced yesterday a $2.5 million funding by Runa Capital, a Moscow-based venture fund operating internationally. The investment will be used to develop advanced functionalities, increase the startup’s user base, and prepare global expansion.

Germany’s Delivery Hero and Russia’s Foodik announce merger

November 6, 2012

Last week, Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, and Foodik.ru, announced a merger agreement aiming to “compete for leadership on the Russian market” and “access new international growth opportunities.” The merged company will operate under the Foodik brand, allowing Delivero.ru customers to access Russian restaurants through Foodik’s …

Germany’s Delivery Hero and Russia’s Foodik announce merger Read More

Softline Venture Partners invests in mobile app developer community

November 6, 2012

Softline Venture Partners told East-West Digital News that it has just invested $500,000 in Apps4all, a company that carries a community of Russian mobile app developers with a variety of media, event, training, research and advertising activities. The terms of the deal were not disclosed. A $20 million fund, Softline Venture Partners is the venture …

Softline Venture Partners invests in mobile app developer community Read More

ALTWeb Group’s seed stage fund to invest in SaaS and online marketing

November 5, 2012

Last week, Russian Internet marketing company ALTWeb Group announced the creation of its venture arm ALTWeb Capital, which will focus on pre-seed and seed stage investments of up to $400,000. The fund is seeking to invest, in particular, in SaaS solutions, as well as in Internet marketing and advertising services.

“Don’t deal with investors until you have to… They’re all greedy” Oleg Tinkov on his journey from Russian beer baron to advertising mogul

October 31, 2012

A Siberian miner’s son with a degree from the St. Petersburg Mining Institute, one could be guilty of assuming entrepreneurship and investment were a million miles from the life Oleg Tinkov once knew. After moving to St. Petersburg in 1988, Tinkov had a string of jobs in everything from a furniture factory, to a bottle-collection …

“Don’t deal with investors until you have to… They’re all greedy” Oleg Tinkov on his journey from Russian beer baron to advertising mogul Read More

Ninety startups trade shares electronically through IPO Board

October 31, 2012

Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also known in Russian as RII-board – has enjoyed the support of RVC and Rusnano, two state-owned organizations …

Ninety startups trade shares electronically through IPO Board Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.