Finance

Utility services management startup secures $1.2 million from Runa Capital

October 5, 2012

Runa Capital, a Moscow-based fund operating internationally, announced earlier this week that it has invested $1.2 million in Domosite.ru, a Russian startup that develops solutions for utility services management companies. The terms of the deal were not disclosed. Domosite.ru addresses a market of approximately 30 million households in Russia. Its solutions are intended for the …

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Bright Capital funds fotoshkola.net for international expansion

October 4, 2012

Bright Capital, the international venture investment arm of Russian billionaire Mikhail Abyzov, has invested “from $3.5 million to $4 million” in exchange for a minority stake in Fotoshkola.net, RBC Daily reported earlier this week, citing unnamed sources in the venture industry. When contacted by East-West Digital News, however, Bright Capital declined to confirm the figure …

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Aurora invests $1 million in 3D interior design startup

October 4, 2012

Russian venture fund Aurora Venture Capital has invested 30 million rubles, or a little less than $1 million, in Apartama.ru, a Moscow-based online retailer of furniture, house appliances and interior design items. The deal was reported yesterday by Russian news agency RIA Novosti, citing Aurora’s Managing partner Vsevolod Topolyansky. The terms of the transacton were …

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Delivery Club raises $4 million from Addventure

October 2, 2012

Moscow-based online food ordering company Delivery Club announced last week it has completed a $4 million second round of financing from its existing investor Addventure, a major Russian venture fund.  The funds  will be invested in regional and global expansion, the startup stated, targeting Central and Eastern European countries. Delivery Club claims it currently processes …

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Crowdfunding platforms make their first steps in Russia

October 3, 2016

Young Russian film makers, musicians, fashion designers, game developers and tech innovators are now offered a new way to raise the early stage financing they need. Several Russian language crowdfunding platforms have been developed lately, allowing would-be creators and entrepreneurs to advertise their projects and secure financing based on Internet users’ micro donations. Backers are …

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Yandex stock play dented Mitt Romney’s credibility

October 1, 2012

Republican US Presidential candidate Mitt Romney, who has been building his foreign policy program around avowedly fault-finding rhetoric regarding Russia, invested last year in Russian natural gas, banking, and IT stocks. According to his 2011 tax return released on September 21, the GOP nominee used some of his earnings from the politician’s former employment at …

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Narr8 raises $4 million to animate Russian and US tablets

September 28, 2012

Igor Matsanyuk, a prominent figure in the Russian Internet and online game industry, and now the owner of Imi.vc, a Russian venture capital firm that funds innovative mobile apps, has invested $4 million in Narr8, Russian IT portal CNews.ru reported last week. Founded by former Mail.ru VP Alexander Vashchenko, Narr8 is a producer of comic book-based …

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Anywayanyday seeks to raise $40 million ahead of possible IPO

September 26, 2012

Anywayanyday.com, a popular Russian online retailer of air tickets, has mandated Merrill Lynch to secure a $40 million round of financing, the Russian business daily Kommersant reported yesterday, citing unnamed sources. The new round of financing will allow Anywayanyday to accelerate its development, particularly in foreign markets. The site, which offers an interface in English …

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Megafon could acquire leading mobile phone retailer Euroset

September 26, 2012

On Monday, the Federal Antimonopoly Service (FAS) announced via Twitter that Megafon, one of Russia’s leading mobile operators, has officially filed a request to acquire a 50% stake in Euroset, the country’s largest mobile phone retailer. The terms of the deal have already been defined, the Russian media reported, with oligarch Alexander Mamut yielding his …

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E-commerce SaaS solution developer secures $600,000 from Leta Capital

September 24, 2012

Leta Capital announced last week it has invested $600,000 in Redhelper, a provider of SaaS solutions for online customer service and behavioral data analysis for e-commerce sites. The transaction valued the company at “more than $2 million,” Leta announced. The startup was founded just one year ago by three classmates from the technical deparment of …

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Singapore-funded Russian startup turns Twitter accounts into stock exchange value

September 21, 2012

This week, the Russian startup scene has witnessed the launch of a new concept that could potentially target half a billion users around the world: Twistock.com, a site that transforms Twitter social influence into virtual stock value and ultimately material value. Upon registration, Twistock users receive a certain amount of virtual money, or starting capital, …

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With Runa Capital’s $5 million, US’ Station X poised to “crack genetic code”

September 21, 2012

Station X, a Silicon Valley based developer of software for scientific and clinical genome research, has just raised $5 million in its second funding round led by Runa Capital, a Russian early stage VC fund. The two-year-old US start-up, which focuses on genome data analysis and visualization for clinical and research apps, is expected to …

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