Finance

Russian-founded Veeam Software sold for $5 billion to major US investor

January 14, 2021

Veeam Software, a global leader in cloud data management software, is to be acquired by top software investor Insight Partners. The deal, which values Veeam at “approximately $5 billion,” is expected to be closed in March. “Veeam has enjoyed rapid global growth over the last decade and we see tremendous opportunity for future growth, particularly …

Russian-founded Veeam Software sold for $5 billion to major US investor Read More

Russian corporate fund backs US company to “revolutionize metal performance at the nano-scale”

November 12, 2020

In mid-December Severstal Ventures, an investment vehicle created last year by the Russian steel and mining giant Severstal,  announced an investment in US company Modumetal. The corporate fund has got a minority stake along with existing shareholders Vulcan Ventures, BP Ventures, Founders Fund, Steel Dynamics, ConocoPhillips, Chevron Technology Ventures and others.  Based in Seattle, Modumetal claims …

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Mail.Ru and Yandex bet on online platforms to massively train IT specialists

December 24, 2019

Mail.Ru Group now owns 60.3% of Skillbox, an e-learning platform for digital and IT specialties, Vedomosti reported yesterday, citing the official company register and exchanges with company representatives. The amount of the transaction was not disclosed. In February, the LSE-listed Russian Internet giant had acquired a 3.6% stake for an undisclosed amount as part of …

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Next-gen Russian CRM technology backed by major funds to conquer US market

December 23, 2019

Last week Voximplant, a US-headquarter provider of innovative CRM solutions, announced it raised $10 million from Baring Vostok and RTP Ventures. Baring Vostok is the leading Russian PE and VC firm, which sadly made the headlines this year with the arrest of its US founder Michael Calvey in Moscow. The RTP Ventures fund is a …

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Online appointment platform YClients secures $10 million from major Russian investors

December 17, 2019

Elbrus Capital and Guard Capital have invested $10 million in YClients, a Russian online appointment and automation platform, in exchange for a minority stake. No further details about the deal were disclosed, but an industry insider told the business daily Kommersant that the company might have been valued in the range of $40 million.  Founded in 2015 …

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BlaBlaCar completes acquisition of bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is expanding to a new market segment with the acquisition of international bus ticketing platform Busfor. The deal, announced in September, has just been completed after obtaining the required antitrust permits in Ukraine, reports Kyiv Post. The terms of the agreement have not been disclosed, but it might …

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Russian designer invests in US startup to reinvent online travel booking

December 11, 2019

Last month EightyDays, a US startup born in Belarus, secured an undisclosed amount in a seed round of funding from Artem Lebedev. The famous Russian designer saw in this startup’s technology “an incredible, fantastic, extraordinary new way of making travel bookings online” (see video). EightyDays has created a multi-destination booking service intended for international travellers planning a …

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November 2019 in Eastern Europe: Sberbank expands its empire, Baring Vostok cancels new fund, IT firms merge in Belarus and Ukraine

December 16, 2019

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The November review highlights moves …

November 2019 in Eastern Europe: Sberbank expands its empire, Baring Vostok cancels new fund, IT firms merge in Belarus and Ukraine Read More

Russian Railways teams up with RVC to launch transport tech funds

December 8, 2019

RVC, the Russian state-owned fund of funds dedicated to innovation, and RZD (Russian Railways) have teamed up to launch to two venture funds for industrial and digital investments. Scheduled for launch in 2021, the funds will support early-stage projects which have “the potential of developing synergies with the railways company and increasing its business efficiency.” …

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Sberbank enters driverless car market, posing a new challenge to Yandex

December 5, 2019

Sberbank, the Russian state-controlled financial and technological giant, is making its first steps on the young and vibrant market of driverless vehicles. The bank announced last week its partnership with Cognitive Technologies, a Russian software corporation that develops AI-based driver assistance systems. Founded in 1993, this company offers a variety of components for unmanned vehicles …

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Ukrainian fund puts $1 million in Russian-founded edtech startup

December 4, 2019

A Kyiv (Kiev)-based venture fund, Genesis Investments , has just injected $1 million in Russian-founded edtech startup IntellectoKids.  The news was reported earlier this week by Rusbase, which cited exchanges with the startup’s press service. The details of the transaction were not disclosed.  Founded in 2016, IntellectoKids presents itself as a media, entertainment and education platform for parents and …

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Notion Capital and Runa Capital team up to back French IT development tool provider

November 30, 2019

As reported last week, Runa Capital, an international VC firm with Russian roots, has teamed up with UK-based Notion capital to inject $7 million into Forest Admin. This French startup, founded in 2017, has designed an “off-the-shelf admin panel based on a highly-extensible API” in simpler words, an admin interface that helps manage customer data …

Notion Capital and Runa Capital team up to back French IT development tool provider Read More

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