In its third edition, this 3-day event will gather select early-stage investors, including business angels, seed funds and their associations, in partnership with EBAN. Top speakers will come from as far as Austria, Canada, France, Germany, Greece, Israel, Mexico, Panama, Poland, Sweden, Turkey, the UK and the USA. In previous years, the summit took place …
BFG Group, a major provider of software solutions to optimize production processes, sill receive $3 million in total from the Skolkovo Industrial Fund. Of this amount, BFG has already received $750,000 as the first part of the investment. The remaining amount will be provided based on specific terms which have not been disclosed. This …
Skolkovo Ventures to invest $3 million in Industry 4.0 startup Read More
Mail.ru Group, an LSE-listed Russian Internet major, has just announced the acquisition of a controlling stake with a capital injection in the transportation service company YouDrive. Proxima Capital Group, a Moscow-based investment firm, took part in the deal as a “partner,” stated Mail.ru Group; but neither the nature of this partnership nor the amount of the deal …
Mail.ru Group acquires controlling stake in car-sharing company with leadership ambitions Read More
Earlier this month Dostavista, an international crowdsourced delivery service with Russian roots, announced the completion of a $15 million Series B funding round. The deal was led by Vostok New Ventures, a Swedish investment firm which is actively involved in the Russian VC market, with participation from existing investors Flashpoint and AddVenture. Founded in 2012, Dostavista already raised …
Delimobil, a leading car-sharing company in Russia, is seeking to raise at least $60 million, according to Russian business daily Kommersant. The company, of which 77% is owned by Luxembourg-based holding Mikro Kapital Group, has hired Rothschild & Co to help them secure the deal. According to Kommersant’s unnamed sources, Delimobil intends to claim a $300 …
Car-sharing company Delimobil seeks massive capital injection before potential IPO Read More
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 July review analyzes the …
Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired US process intelligence solution provider TimelinePI. This acquisition is a “strategic investment” for Abbyy, which expects to “have the most comprehensive process intelligence platform [going] beyond traditional text analytics and process mining [and achieving] true digital intelligence and Digital IQ,” commented Ulf …
In late July Skolkovo Digital, a tech investment fund managed by Skolkovo Ventures and iTech Capital, led a $6.2 million Series B round in Maximum Education. The company’s existing investors, Russia Partners and Capman, also participated in the funding deal. They had injected $4 million in Maximum Education in an earlier round, back in 2016. A resident of …
Maximum Education secures $6.2 million from major Russian funds Read More
Sberbank, the state-controlled financial giant, has completed the acquisition of a 51% stake in Speech Technology Center (STC). Digital Horizon, a VC and business incubation firm with offices in Moscow and Tel Aviv, is also acquiring a minority stake in STC. Gazprombank, which has sold a part of its shares, remain a strategic shareholder in …
VTB, a major Russian state-owned bank, intends to launch a marketplace to sell such non-standard assets as seized apartments and cars from insolvent debtors, as reported by Russian business daily RBC. The marketplace will provide a wide range of services related to the purchase, registration, moving, repairs, and upkeeping of the purchased properties purchased. Scheduled for …
Major Russian bank to launch marketplace to sell seized assets Read More
Yesterday Sberbank announced the acquisition of Shiptor, a mid-sized logistics and delivery service provider. This acquisition is laying the foundation of ‘SberLogistika,’ a service which will be “integrated with all the systems of bank and its ecosystem,” as stated by the bank. The terms of the deal have not been disclosed. Last month Sberbank started …
Sberbank acquires logistics service provider Shiptor Read More
This past Friday Russian lawmaker Anton Gorelkin submitted to the State Duma, the lower house of parliament, a bill targeting “significant [online] information resources” with the capacity of “collecting information on [Russian] users.” Should their foreign ownership exceed 20%, such “information resources” will not be allowed to conduct advertising activities in Russia – an implicit way …
