The Russian matchmaking service Teamo.ru completed a new round of investment earlier this week with a Japanese venture fund operating in Russia, UMJ Russia. While no details have been disclosed as to the amount involved or Teamo’s valuation, the deal brings total investment to date in the Russian service to more than $2 million. Unlike …
Teamo.ru attracts Japanese money, prepares recurring billing system Read More
TimePad, a startup offering a range of online tools for event organizers, announced on Wednesday that it had received an investment of undisclosed size from the Rambler-Afisha group. TimePad’s functions can be compared to those of Eventbrite or Armiando. They include event publication and promotion, through existing contacts and social networks, as well as online registration, …
Online event solution startup TimePad secures investment from Rambler-Afisha Read More
Dubai – Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), one of the largest Internet companies in the high-growth Russian-speaking Internet market, today provides the following preliminary unaudited segment financial information for the second half and full year ended 31 December 2011.
nScaled, a provider of cloud-based Recovery-as-a-Service (RaaS) solutions, announced yesterday that it has completed a Series A round of financing, securing $7 million from Almaz Capital, one of the best established Russian venture funds, and Doughty Hanson Technology Ventures, an international investment company, as well as from leading Silicon Valley angel investors.
Prostor Capital, a fund co-created in 2011 by former Russian telecom minister Leonid Reiman, announced last week the investment of an undisclosed sum in Dulton Media. Focusing on online video solutions, Dulton is developing such projects as YaTV, a video broadcasting and video on demand service, and Eagle.Platform, a platform for creation and monetization of …
Reiman’s Prostor Capital invests in video-focused Dulton Read More
The invest abroad trend among Russian financial institutions was demonstrated again yesterday by a $7.5 million capital injection in Eccentex, a California-based cloud computing solutions provider for dynamic case management. The round of financing was led by VTB Capital, the investment arm of VTB Group, a leading Russian state-controlled financial group. Neither the terms of the …
US cloud computing firm gets $7.5 million from VTB Capital Read More
InPost, a Polish operator of postboxes for parcel delivery, Qiwi, the famous Russian payment operator, and iTech Capital, a Russian venture fund, are deploying a network of self-pickup points to deliver parcels from distance selling and e-commerce companies. The network, named Qiwi Post, started operating in early February with 15 locations in Moscow, nearby malls, …
Poland’s InPost and Russia’s Qiwi launch postbox network for parcel delivery Read More
Asserting its leadership in the fast-growing Russian e-commerce market, Ozon.ru confirmed yesterday the full acquisition of leading online shoe and accessory retailer Sapato.ru for an undisclosed amount, partly paid with shares. Ozon’s intentions had been revealed earlier this month when the Russian antimonopoly authorities gave their green light for the deal.
Finam Capital, the venture arm of the largest Russian brokerage and investment holding, will invest $10 million to deploy a special version IM+ in Russia. IM+ is a popular instant messenger made by German mobile app publisher Shape. Shape and Finam will create a joint venture in which the latter will own a minority, non …
SaaS website security services provider StopTheHacker announced earlier this week that it received $1.1 million in initial funding from public and private investors including Runa Capital, a Russian early-stage venture capital firm, and Brian NeSmith, former CEO of Bluecoat. StopTheHacker’s proprietary, patent-pending technology helps solve web-scale security problems involving malware on websites, hacker attacks and other types …
Runa Capital invests in US website security startup StopTheHacker Read More
Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …
Online hotel booking service Oktogo.ru secures $10 million Read More
Tele2 Russia, a subsidiary of the Swedish-based European telecom group, announced 21% annual growth of its operating revenue over the course of 2011, to 51.9 billion roubles, or approximately $1.7 billion. The company’s EBITDA reached 20.3 billion roubles, or $676 million, up 36% from the previous year. In March, the company raised $1.06 billion in …
Tele2 Russia’s revenue reached $1.7 billion in 2011 Read More
