Finance

IFC partners with IXcellerate to expand access to IT infrastructure in Russia

May 30, 2012

Moscow, Russia — IFC, a member of the World Bank Group, is making a $2.6 million (RUB 83 million) equity investment in datacenter operator IXcellerate to support the construction of a major data facility, expanding access to information technology infrastructure for businesses in Russia. Construction of a new top-tier datacenter with an internationally experienced management …

IFC partners with IXcellerate to expand access to IT infrastructure in Russia Read More

Vkontakte’s IPO “postponed indefinitely;” shareholder Mail.ru Group yields control to founder

May 30, 2012

“No IPO is being planned. Facebook’s IPO has destroyed the trust of many individual investors in social networks, so [our] IPO is postponed indefinitely,” Vkontakte’s founder and co-owner Pavel Durov tweeted on Monday, answering a Russian journalist’s question. Durov had expressed his IPO intentions a mere five months ago at the DLD tech conference in …

Vkontakte’s IPO “postponed indefinitely;” shareholder Mail.ru Group yields control to founder Read More

Leta Group launches venture fund, announces Displair as first investment

May 28, 2012

Last week, Leta Group, a prominent Russian IT security holding, announced  the launch of ‘Leta GIV,’ its corporate venture arm, along with its first investment – interactive air screen maker Displair. “Generating projects internally is not enough to seize the opportunities offered by Russia’s booming innovation environment, so we decided to create this dedicated vehicle,” …

Leta Group launches venture fund, announces Displair as first investment Read More

Fast Lane Ventures and Ru-Net launch event management and ticket booking system

May 25, 2012

Moscow-based serial startup developer Fast Lane Ventures has teamed up with Ru-Net, an established Russian venture fund, to launch Eventmag.ru, an online service to organize events and book event tickets. The well known US site Eventbrite.com was taken as a model, Fast Lane openly acknowledges, with the ultimate goal of providing a ticket selling platform …

Fast Lane Ventures and Ru-Net launch event management and ticket booking system Read More

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round

May 23, 2012

yuilop, a Barcelone, Spain headquartered startup, announced yesterday that it has closed a €4.5 million Series A round led by Hamburg-based Shortcut, and co-investors, Russia’s Bright Capital and private telecom investor Bruno Ducharme, as well as continued participation of existing investor Nauta Capital. The funds will be used to drive yuilop’s aggressive international expansion and continuous …

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round Read More

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds

May 23, 2012

HomeMe.ru, a website offering furniture and some home accessories, announced last week it has raised $5 million in a Series A round of financing from Russian venture funds AddVenture and ABRT, as well as from Mangrove Capital Partners, a fund headquartered in Luxembourg. Launched in early 2012, HomeMe.ru currently has an assortment of 2,000 stock …

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds Read More

Finam Global to offer growth capital in TMT companies worldwide

May 22, 2012

Finam, one of Russia’s most well established financial groups, has launched Finam Global, an international fund that groups its existing investment units operating in the technolgy, media and telecommunication (TMT) sector. Among the assets included in the new fund’s portfolio are such major Russian Internet companies as dating site Mamba.ru, context advertising service Begun, and …

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David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.”

May 21, 2012

A pioneer among foreign investors on the Russian venture scene, David Waroquier of Mangrove Capital Partners is a recognized expert of the local Internet ecosystem and a reference partner for several Russia-based ventures. He shared with East-West Digital News his vision of the fast-growing Russian online retail market, its challenges, and the possible exit scenarios for investors in this industry. …

David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.” Read More

Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies

May 15, 2012

Qualcomm, a leading US-based international provider of wireless technology and services – with a particular emphasis on chipsets for smartphones – is ready to invest “hundreds of millions of dollars” in Russian tech companies, Senior VP Anastassia Lauterbach told the Russian business daily Kommersant. According to its strategic plan adopted in late 2011, Qualcomm will …

Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies Read More

Rocket Internet receives $200 million from Russian-American billionaire Len Blavatnik

May 11, 2012

Rocket Internet, the Samwer brothers’ famous Berlin incubator, has received a $200 million investment from Access Industries, a US based industrial holding owned by Russian-American billionaire Leonard Blavatnik. The news was reported earlier this week by Berlin-based tech blog VentureVillage.com, which cited unnamed industry sources. The amount has placed Access Industries second behind Swedish investment …

Rocket Internet receives $200 million from Russian-American billionaire Len Blavatnik Read More

Russian fund to invest €20 million in French startups as Russian-French tech ties grow

May 9, 2012

The Russian high tech fund New Generation Investment (NGI) announced last week that it will launch a €20 million division dedicated to French startups, the French business daily Les Echos reported. “We are focusing on telecoms, web technolgies and tech-oriented media,” said NGI shareholder Leonid Reiman. France will serve as a testing ground for one …

Russian fund to invest €20 million in French startups as Russian-French tech ties grow Read More

Megafon and Yota consider merger

May 3, 2012

Last week, the Russian business daily Vedomosti reported that the Federal Antimonopoly Service (FAS) received a joint request from mobile operator Megafon and WiMAx operator Scartel, which operates under the Yota brand, to authorize a merger. Head of FAS Igor Artemyev stated that the merger could be authorized under the condition that Scartel makes its LTE …

Megafon and Yota consider merger Read More

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