Yesterday, Lamoda.ru, a major online fashion retailer, announced it has received an investment from J.P. Morgan Asset Management. Lamoda did not disclose the amount of this investment, nor its valuation. The capital injection amounted to somewhere between $40 million and $80 million, East-West Digital News learned from a source close to the company, making the …
The investment arm of VTB Group, a leading Russian state-controlled financial group, VTB Capital has financed a number of Russian and foreign small and mid-sized IT companies. In the e-commerce and related fields, VTB Capital owns stakes in Mobidengi, a leading mobile payment service provider and Oktogo.ru, a major online hotel booking service, in addition …
Pruffi.ru, a headhunting agency that uses social networks to identify and hire professionals for the Russian Internet industry, has raised $1.2 million from Almaz Capital, a leading Russian venture fund. Almaz received a stake of “just under 30%,” Pruffi founder Alena Vladimirskaya told East-West Digital News. The funds will be used partly for international expansion, …
Social recruiting agency Pruffi.ru secures $1.2 million investment from Almaz Capital Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced yesterday a $400,000 investment in Virool. The Russian-American startup is developing a self-service video platform enabling video creators to target audiences across a network of online publishers, blogs, social games and mobile applications. The startup also offers an application that makes it easy for publishers …
Self-service video platform Virool secures $400,000 from TMT Investments Read More
Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, announced yesterday it has secured a capital injection of $49 million from Kite Ventures, a Moscow-based venture fund operating internationally, and Kreos Capital, a leading European provider of growth debt and equity investment for high-growth companies. The round of funding has …
Delivery Hero raises $49 million from Russian and Western funds Read More
Mail.ru Group, a leading, LSE-listed Russian Internet group, will pay $800 million in dividends – mostly as a result of the sale of shares of Facebook. In May, Mail.ru received approximately $850 million for its share in the American social network. This is the first time in its history that Mail.ru has paid dividends, and they …
Infratel, provider of cloud telephony services for small businesses, announced yesterday it has secured $3 million in Series A funding from Moscow-based international funds Prostor Capital and Runa Capital. The terms of the deal have not been disclosed. The funds will be used to build out Infratel’s cloud telephony platform for small business and to strengthen the company’s presence globally.
The London-headquartered Russian fund TMT Investments has invested $5 million in equity funding in Backblaze, a leading California-based online backup provider. While Backblaze is already profitable, this funding will be used to accelerate hiring for product development, global marketing, and partnerships, the company stated last week. TMT also invested $325,000 in Pipedrive, an Estonian business software …
Milpitas, USA – ABBYY®, a leading provider of document recognition, data capture, and linguistic technologies and services, today announced that ABBYY Language Services, part of ABBYY Group, acquired 100 percent of Connective Language Services to increase its productive capacity and expand its service offerings in the North American market. ABBYY Language Services provides comprehensive language support to …
ABBYY acquires Connective Language Services to strengthen its position on US market Read More
Leading Russian SEO and online advertising automation platform SeoPult announced yesterday that it raised $10 million from iTech Capital, a Moscow-based private equity and VC fund, in exchange for an undisclosed minority equity stake. The amount stands as a record in the Russian online marketing industry. The SEO and SEM markets in Russia are growing steadily …
SEO and advertising company SeoPult raises record $10 million; eyes foreign markets Read More
The users of Yandex and its partnering sites click significantly more often on sponsored links following the introduction of new targeting instruments in the third quarter of last year, the search company announced to the press on Tuesday. These new instruments include targeting by gender, age and other socio-demographic criteria. Click-through rates grew by no less …
Yandex improves click-through rates, expands profitability Read More
German consumer electronics retailing group Media-Saturn announced yesterday it has acquired 003.ru, a leading Russian online retailer of consumer electronics, from its founder Vladislav Ulendeev, for an undisclosed amount. Founded in 2000, 003.ru generated revenues of €20 million euros in 2011 with a headcount of approximately 50 employees. The brand 003.ru comes number four in the customer awareness ranking …
Germany’s Media-Saturn acquires online consumer electronics retailer 003.ru Read More
