Russian Navigation Technologies (RNT), a leading manufacturer and integrator of fleet management solutions and other telematics systems, is continuing its international expansion. The company is holding buyout talks with several Eastern European firms to enter the regional market, RNT General Manager Ivan Nechaev told CNews.ru, a resource covering the IT and telecom markets.
The fifth annual Investor Day-IDCEE affirmed itself as an important event on the international high tech scene, attracting some 2000 participants, including representatives from 150 startups and 200 investors from 34 countries. The two day long event was held in Kiev, Ukraine, on October 25 – 26 (see videos) Cafe and restaurant directory. The best …
British electronic invoicing startup Tradeshift announced last week it had secured $17 million in funding led by Russian venture funds Ru-Net and Kite Ventures, Tradeshift co-founder and CEO Christian Llang reported in the company’s blog. Existing Tradeshift investor British fund Notion Capital also took part in the round of funding to increase its stake in …
UK online invoicing startup Tradeshift nabs $17 million in funding led by Russian funds Read More
Skolkovo, the state sponsored innovation hub under completion near Moscow, is expecting an approximate 135 billion rubles, or $4.14 billion, in investment between 2012 and 2015. Part of this sum, at least 55 billion rubles or $1.8 billion, will be a provided in the form of loans from Vnesheconombank (VEB), the state owned bank for …
Skolkovo financing partly unveiled, details remain undisclosed Read More
Runa Capital, a Moscow based venture fund, announced yesterday it has invested in ThinkGrid, a UK headquartered global cloud company which defines itself as “a channel-focused vendor providing turnkey worldwide infrastructure and a control panel platform that allows IT solution providers to become cloud service providers and to offer IT services from the cloud in …
UK based cloud service ThinkGrid secures investment from Runa Capital Read More
Skolkovo Foundation, the state owned enterprise building an international innovation hub near Moscow, completed a series of roadshows in Western countries to present its projects. The first presentation, held in Vienna on September 14, focused on biomedical, energy saving technology, and IT projects. The Skolkovo delegation also discussed possible cooperation in the field of nuclear …
Skolkovo holds roadshows in Silicon Valley, Munich and Vienna Read More
Muscovites can now easily escape the noise and pollution of the Russian capital for a spontaneous week-end trip thanks to Travelata.ru, a new website specializing in short range impulse travel that launched its beta version on Monday. The site offers tours on weekends or short holidays in Russia, near abroad countries like Turkey or Latvia …
Moscow startup aims to become Russia’s LastMinute.com Read More
Russian Venture Company (RVC), the state owned fund of funds dedicated to innovation, announced last week it has been an indirect participant in a $250 million series B financing for Dropbox, a leading US cloud storage startup. The investment was made through Institutional Venture Partners XIII (IVP), a prominent later stage venture capital and growth …
Russia’s national telecom operator Rostelecom is interested in acquiring mobile operators in Russia’s neighboring countries, Alexander Provotorov, the company’s president, said yesterday during informal remarks given at the ITU Telecom World 2011 forum in Geneva. “There isn’t much left to buy in Russia, so we are looking at CIS countries,” news agency RIA Novosti quoted …
Rostelecom considers acquisitions in CIS countries Read More
MTS, a leading Russian mobile operator, announced today it has acquired TVT, a leading provider of cable TV and fixed broadband services in the republic of Tatarstan. The purchase price amounted to $162.9 million, in addition to $17.1 million in net debt assumed by MTS. “The acquisition allows MTS to strengthen its leadership position in …
MTS acquires pay TV and telephony service operator in Tatarstan Read More
The Russian startup scene took another step towards becoming an international platform last week with the launch of TexDrive, Moscow’s first international mentor-led startup accelerator program. Among TexDrive co-founders are startup accelerator veteran Jon Bradford from Cambridge, UK, and Andrey Kessel, a Russian born entrepreneur and investor also living in Cambridge. Joining them is Alexander …
First international startup accelerator opens in Moscow Read More
Startup accelerator veteran Jon Bradford is a co-founder of TexDrive, Russia’s first international mentor led startup accelerator program currently launching its operations in Moscow. He shared with East-West Digital News his vision on the issues startups face and how accelerators can help entrepreneurs in Russia and elsewhere.
