DST Global, the top Russian international investor in Internet assets, and Silver Lake, a global leader in private investments in technology, announced last week their commitment to invest in Alibaba Group, a premier Chinese technology company. This is the second investment from DST this year in Chinese e-commerce. In March, the fund took part in the third …
DST and Silver Lake invest over $1.6 billion in Alibaba Group Read More
Russian early stage venture fund Runa Capital shook hands with the Skolkovo Foundation, the state-owned organization leading the completion of the major innovation hub on the outskirts of Moscow, reported Russian business daily Vedomosti. The deal outlines provisions for Runa to collaborate with Skolkovo over the next three years and invest $5 million into the projects …
Venture fund Runa Capital to pour $5 million into Skolkovo projects Read More
Mail.ru Group co-founder Yuri Milner intends to sell a portion of his shares in the LSE listed group for $60.7 million, Bloomberg reported yesterday. While the shares are currently offered on the stock exchange at $34 to $35.25 apiece, the valuation of Milner’s share offer is based on the September 19 close of $35.72 per …
Milner seeks to sell Mail.ru Group shares for $60.7 million Read More
Surfingbird.ru, the first collaborative content discovery service on the Russian-language Internet, raised $2.5 million last month from Russian and French business angels. The deal brought the startup’s valuation to just under $2.5 million, a source close to the deal told East-West Digital News.
Mosventure, a fund owned by the Moscow city administration and focused on small and medium sized scientific and technical projects, plans to support up to 70 projects before the end of the year. These plans were announced last week by the fund’s executive director Alexey Kostrov in an interview with Russian news agency RIA Novosti.
Two weeks after Foursquare made available a Russian version of its service – along with versions in Bahasa Indonesian, Korean, Portuguese, and Thai – a powerful Russian media group, RBC, announced it has invested $1 million in Ogorod.ru, one of the two best-known local services inspired by the Foursquare concept.
Private equity fund CapMan Russia announced last week that it has made its first investment ever in a telecom asset. The CapMan fund bought a 20% stake in Siberian Networks, one of the leading ISPs in Western Siberia, and the fund plans to raise its share to a blocking stake in the coming months.
Russian national telecom operator Rostelecom has increased its stake in regional operator Orenburg GSM from 51% to 100%, news agency RIA Novosti reported last week. The remaining 49% stake was sold for $4 million by Samara based operator SMARTS.
MJ Group, a newly formed Vietnamese Internet player, announced last Friday it raised $60 million from national fund IDG Ventures as well as from Rebate Networks, a German investment company, and Ru-Net, a major Russian fund. MJ Group is the result of a merger of four local Vietnamese Internet companies – e-commerce site Nhommua, location …
Germany’s Rebate Networks and Russia’s Ru-Net invest heavily in Vietnamese e-commerce Read More
Tvigle.ru, a major Russian video entertainment portal on the Russian Internet, closed a capital increase operation last week with PromSvyazCapital, the investment arm of PromSvyazBank, a leading Russian bank. PromSvyazCapital acquired a 27.7% stake for approximately $8 million, a source close to the deal told East-West Digital News.
Softline Venture Partners announced earlier this week it has invested $500,000 in Copiny, a developer of Saas-based social CRM solutions. The fund received a 25.1% stake in exchange for the investment, Copiny General manager Dmitry Chistov told East-West Digital News. Copiny was founded just one year ago by a group of programmers from Bryansk, 379 kilometers …
Social CRM solution startup raises $500,000 from Softline Venture Partners Read More
The seed fund of the Russian Venture Company, a state owned venture vehicle dedicated to innovation with 2 billion rubles, or $65 million, in charter capital, announced yesterday it has approved investment proposals from eight projects, including two from the IT sector.
