Finance

Nexters acquires gaming studios, Rostelecom eyes cloud gaming company

February 7, 2022

Last week Nexters — a Russian-founded gaming company which went public on the Nasdaq last summer by merging with a SPAC — announced a series of acquisition and investment deals. With a total upfront investment of around $100 million, Nexters will take control of three game studios:  RJ Games (Russia), a puzzle RPG major and the publisher of Puzzle Breakers; Royal Ark (Russia), …

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Russian startup bets on AI to sell vitamins online and expand globally

January 28, 2022

Just eight months after launch, a startup called Vitobox — which offers personalized combinations of vitamins and nutritional supplements — has raised 107 million rubles ($1.4 million) at a $14 million valuation.  The funding will go, in particular, to international expansion: the startup plans to launch pilot projects later this year in Kazakhstan, the UAE, …

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Russia’s e-commerce leader Wildberries bought a bank to launch virtual debit card and instant refund

January 27, 2022

Wildberries has just launched its first financial product — a virtual debit card that allows its customers to make purchases on the marketplace with a 2% discount. The news was reported earlier this week by RB.RU, which cited  the company’s press service.  Only users with a Wildberries account can get the ‘WB Card,’ which is provided at …

Russia’s e-commerce leader Wildberries bought a bank to launch virtual debit card and instant refund Read More

Russian data center major IXcellerate attracts $190 million from Mubadala, RDIF and Sber

January 25, 2022

IXcellerate, one of the most established data center company in Russia, has raised approximately some $190 million. The round — the largest ever in this field in the country  — was led by sovereign wealth fund Mubadala (UAE) with participation from its Russian peer RDIF, SberInvest, and iXcellerate’s existing investors.  Cited by Sber, the state-owned financial and digital …

Russian data center major IXcellerate attracts $190 million from Mubadala, RDIF and Sber Read More

From Moscow to Lille, France: This startup changes the way retailers fill product cards

May 16, 2022

While many internationally-oriented Russian startups move to Silicon Valley, or to such European alternatives as Berlin, London or Riga, Branquad made a different choice. This Russian digital commerce startup recently landed in Lille, a large, tech-friendly city in the North of France.  Not only does its case provide yet another example of an International Russian …

From Moscow to Lille, France: This startup changes the way retailers fill product cards Read More

From London, to Switzerland, to India, Russian entrepreneurs and investors push fintech innovation

February 11, 2022

Last week, as reported by Reuters, TCS Group — the owner of Russian digital banking giant Tinkoff — took control of Swiss crypto service company Aximetria as part of its international expansion strategy. Founded by Russian serial entrepreneur Alex Axelrod in 2018, this startup has developed a SaaS platform to provide “seamless interconnection for any form of money: fiat, crypto and …

From London, to Switzerland, to India, Russian entrepreneurs and investors push fintech innovation Read More

Yandex wants make online marketing tools more accessible to musicians and small entrepreneurs

January 23, 2022

Yandex announced almost simultaneously — yesterday and today — two acquisitions. The NASDAQ-listed Russian digital giant is absorbing BandLink, a service for musicians, podcasters and labels to create micro sites, the news agency TASS reports. BandLink helps them promote their releases and concerts (including with personalised links for social media), analyze audiences and identify their …

Yandex wants make online marketing tools more accessible to musicians and small entrepreneurs Read More

Russian tech entrepreneurship on the rise: Forbes identifies 10 “future unicorns”

February 3, 2022

Far from their native countries, Russian-speaking entrepreneurs are thriving in the world’s major tech hotspots — from Silicon Valley, to Western Europe, to South-East Asia. These entrepreneurs have colonized the world’s best accelerators, including such ones as Y Combinator, 500 Startups and Techstars. Russian-speaking entrepreneurs reportedly accounted for 40% of a recent Alchemist batch.  The …

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Russian startup Kodland raises $9 million to offer remote programming courses in eight new languages

January 11, 2022

Just a year after its previous round, Russian edtech startup Kodland secured $9 million in a Series A funding round.  As reported by TechCrunch, the round was led by Redseed, with participation from Baring Vostok, Kismet, Flyer One Ventures and Alexander Nevinsky, a partner at I2BF who took part in the December 2020 round. All these investors have roots in Russia, excepted Flyer One whose team …

Russian startup Kodland raises $9 million to offer remote programming courses in eight new languages Read More

Incepted in Russia 11 years ago, this visual collaboration software startup is now valued at $17.5 billion

January 17, 2022

Miro, a US enterprise software publisher with Russian roots, announced yesterday a $400 million Series C round. The deal brought the company — known as RealtimeBoard when it was founded in Russia back in 2011 — to an astounding  $17.5 billion post-money valuation. Several other unicorns founded or co-founded by Russian entrepreneurs emerged on the global tech scene over the past years — from Badoo, to Personio, to Veeam Software, …

Incepted in Russia 11 years ago, this visual collaboration software startup is now valued at $17.5 billion Read More

Study: VCs increasingly bet on Russian-founded startups operating abroad — rather than on domestic ones

January 14, 2022

The Untitled, one of the most established VC firms investing across Russia and Eastern Europe, has analyzed investment deals involving startups founded over the past 10 years in Russia or by Russian entrepreneurs. The research covered the deals completed from December 2020 to November 202. It was conducted jointly by The Untitled and Rusven, an influential Telegram …

Study: VCs increasingly bet on Russian-founded startups operating abroad — rather than on domestic ones Read More

Russian IoT startup receives $5.4 million in state money to develop in Western markets

February 24, 2022

Mircod, a Russian “IoT-as-a-service” company, has just received  400 million rubles ($5.4 million) from state-owned development corporation VEB.RF via its affiliate fund VEB Ventures, reports business daily Kommersant.  Established in 2016 in Tatarstan, a tech friendly region of Russia, Mircod enables rapid prototyping of IoT products and solutions. It has developed a “centralized platform to automate the development of IoT …

Russian IoT startup receives $5.4 million in state money to develop in Western markets Read More

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