Finance

Russian digital banking giant Tinkoff acquires payment automation service Jump.Finance

November 26, 2021

Tinkoff, the Russian digital banking giant, has taken control of Just Look, the company behind the Jump.Finance payment automation service. Tinkoff purchased a 51% stake under undisclosed terms. Founded in 2017 by Anton Kirillov (CEO) and Mikhail Kirchenko (CTO), Jump.Finance has asserted itself as a major provider of payment automation software for taxi fleets, car dealers, delivery companies, scrap collector …

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Venture Camp in Dubai: A breathtaking business and leisure experience!

December 7, 2021

This VC Camp in the UAE will uniquely combine networking, learning, and adventure. Reserved for tech investors, this event offers a rare opportunity to find partners, discuss deals, learn from each other — and have loads of fun!  Camp features include:  Interactive masterclasses and group discussions Desert survival and best practices Sand buggies and 4×4 ride through sand dunes …

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VK acquires edtech businesses in Russia and Brazil

November 25, 2021

In the past few months, Russian Internet major VK (previously Mail.ru Group) demonstrated a strong appetite for online education — both in Russia and abroad.   In August the group, partnering with Alexander Galitsky, integrated its properties Skillbox and GeekBrains into a holding called Skillbox Limited. In October, VK completed the move by merging SkillFactory, …

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New fund launches in Russia: digital bank, mobile operator and alleged Putin daughter in the game

November 18, 2021

The ‘Fund for Technological Investments,’ a newly registered startup investment vehicle, made the news in Russia last week. This was due neither to any impressive investment capacity (just around 3 million rubles, or $40,000, per deal), nor to any special investment thesis. What is less common is the identity of one the instigators of this …

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Russian-founded incident management tool Amixr acquired by US major Grafana Labs

November 12, 2021

US open source software platform Grafana Labs has acquired a Russian-founded startup called Amixr. Launched in 2019, this company has developed an incident management platform that allows DevOps and SRE engineers to “optimize channels, recipients, and content” and solve IT problems more rapidly.   Grafana Labs provides a monitoring solution for databases, featuring “beautiful, flexible dashboards” to “create, explore and …

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Just-born games studio raises $3 million to address “the most exciting and fastest-growing entertainment niche”

November 10, 2021

Kek Entertainment, a Moscow and Cyprus-based “gaming video creator,” has attracted $3 million in pre-seed funding to develop mobile action games. This is “the largest pre-seed round ever in a gaming startup from in Russia or neighboring countries,” the participants in the deal claimed. The company started in September and is hiring. It was founded by two former …

Just-born games studio raises $3 million to address “the most exciting and fastest-growing entertainment niche” Read More

Online realty leader Cian raises $293 million in New York listing, carsharing major Delimobil postpones IPO

November 14, 2021

Cian, a leading online real estate classifieds platform in Russia, began trading on the New York exchange on Friday, Nov. 5,  with a secondary listing on the Moscow exchange announced as imminent. At a company valuation of $1.1 billion, Cian shares had been oversubscribed 10 times by investors, a source in the financial market told Reuters. In their debut on the Nasdaq, the …

Online realty leader Cian raises $293 million in New York listing, carsharing major Delimobil postpones IPO Read More

International family office invests in Russian sexual wellness startup

November 12, 2021

Earlier this month Tizzi, a Russian “sexual wellness” startup founded in 2019, announced the completion of its second investment round, attracting 80 million rubles (around $1.1 million). The funding was provided by Mikhail Ryvkin — a business angel who already invested in such projects as ‘Gym-Gym’ and ‘Bright Kitchen’ — alongside an undisclosed “international family office.”  Tizzi …

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Kaspersky acquires SDN/NFV software vendor Brain4Net to boost its cloud security business

December 1, 2021

In late October Kaspersky Lab announced the acquisition of Brain4Net, an SD-WAN and NFV orchestration software developer born in Russia in 2015. “We’re going to significantly boost our cloud security capabilities and XDR offering. The acquisition enables us to develop reliable detection and response capabilities in the ‘cloud-first’ paradigm by delivering our own solutions based …

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While political pressure mounts at home, startups and investors from Eastern Europe amass successes on the global stage

October 30, 2021

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a quarterly review by EWDN Chief Editor Adrien Henni highlighting the most notable industry facts and trends across the region. More than with tech innovations, Russia made the news this past summer by staging …

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Russian IT major Softline raises $400 million in London IPO

October 27, 2021

Softline, an international IT solution and service provider with Russian roots, started trading today on the London Stock Exchange with a secondary listing in Moscow. New shares worth $400 million were sold at $7.50 apiece, valuing Softline at about $1.5 billion, according to a company statement cited by Bloomberg.  The company initially targeted a valuation of around $2 …

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This techie from a small Siberian town co-owns a $6 billion German HR tech startup

October 26, 2021

The impressive list of Russian entrepreneurs involved in multi billion dollar tech companies — from Pavel Durov (VK, Telegram), to Andrew Filev (Wrike), to Nikolay Storonsky (Revolut), to Ratmir Timashev (Veeam Software), and many more — is not coming to an end. 31-year-old Arseniy Vershinin,  who was born in Ulan Ude, a small town in Siberia, is also one of them. A …

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