Venture / Private equity

KupiVip.ru shareholders to invest $50 million in new online fashion retailer

March 20, 2012

The shareholders of KupiVip.ru, Russia’s leading fashion flash sales site, intend to invest no less than $50 million in Shoptime.ru, an online fashion items and accessories retailer that launched in test mode earlier this year. In contrast to the discounted flash sales model used by KupiVip.ru, this new site offers a permanent assortment of new …

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Tiger Global leads $30 million round for online marketplace Wikimart.ru

March 19, 2012

The Russian online marketplace Wikimart.ru has secured a $30 million round of financing – the third one since the startup’s inception in 2008 – with Tiger Global Management contributing $18 million and the remaining $12 million coming from an undiclosed Russian investor. The startup’s previous valuation amounted to $50 million, which corresponds to its estimated …

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US venture capitalists go East: Russia’s startups now more appealing

March 10, 2012

Is Russia becoming a new frontier for US venture capitalists? With local startups and incubators springing up like mushrooms, a number of foreign tech investors have started to operate in the country, which is striving for modernization. Exemplifying the invest in Russia trend is Tiger Global Management, a New York-based international investment management firm. Over …

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US business angel Esther Dyson: “Online services can reduce the costs of being honest”

March 9, 2012

Among US business angels, Esther Dyson is probably the one who has invested the most to date in Russia. Her portfolio includes no fewer than 15 Russian startups as well as Yandex, the search giant which she advises as a member of its board of directors. In this exchange with East-West Digital News, Esther Dyson …

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Israeli startup TimeBooker receives funding from Yandex

March 6, 2012

Last week, Yandex announced it will provide seed funding to TimeBooker, an Israeli startup which intends to serve small and mid-sized service companies with an innovative booking solution. The seed funding, which industry blogger Yakov Sadchikov thinks is “in the range between $50,000 and $100,000,” will be brought under the Yandex.Factory program.

Russian telecom tower operator secures $100 million investment

March 5, 2012

Russian Towers, a Russian company that owns, operates, and leases telecommunication towers, secured a $100 million investment last week from a consortium of investors led by the Macquarie-Renaissance Infrastructure Fund (MRIF), which committed itself to invest half of the total. Another $20 million is coming from emerging market investor ADM Capital, while founding  shareholders UFG …

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Teamo.ru attracts Japanese money, prepares recurring billing system

March 2, 2012

The Russian matchmaking service Teamo.ru completed a new round of investment earlier this week with a Japanese venture fund operating in Russia, UMJ Russia. While no details have been disclosed as to the amount involved or Teamo’s valuation, the deal brings total investment to date in the Russian service to more than $2 million. Unlike …

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Online event solution startup TimePad secures investment from Rambler-Afisha

March 2, 2012

TimePad, a startup offering a range of online tools for event organizers, announced on Wednesday that it had received an investment of undisclosed size from the Rambler-Afisha group. TimePad’s functions can be compared to those of Eventbrite or Armiando. They include event publication and promotion, through existing contacts and social networks, as well as online registration, …

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Almaz Capital takes part in $7 million round for US cloud backup provider

February 23, 2012

nScaled, a provider of cloud-based Recovery-as-a-Service (RaaS) solutions, announced yesterday that it has completed a Series A round of financing, securing $7 million from Almaz Capital, one of the best established Russian venture funds, and Doughty Hanson Technology Ventures, an international investment company, as well as from leading Silicon Valley angel investors.

Reiman’s Prostor Capital invests in video-focused Dulton

February 22, 2012

Prostor Capital, a fund co-created in 2011 by former Russian telecom minister Leonid Reiman, announced last week the investment of an undisclosed sum in Dulton Media. Focusing on online video solutions, Dulton is developing such projects as YaTV, a video broadcasting and video on demand service, and Eagle.Platform, a platform for creation and monetization of …

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US cloud computing firm gets $7.5 million from VTB Capital

February 21, 2012

The invest abroad trend among Russian financial institutions was demonstrated again yesterday by a $7.5 million capital injection in Eccentex, a California-based cloud computing solutions provider for dynamic case management. The round of financing was led by VTB Capital, the investment arm of VTB Group, a leading Russian state-controlled financial group. Neither the terms of the …

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Poland’s InPost and Russia’s Qiwi launch postbox network for parcel delivery

February 20, 2012

InPost, a Polish operator of postboxes for parcel delivery, Qiwi, the famous Russian payment operator, and iTech Capital, a Russian venture fund, are deploying a network of self-pickup points to deliver parcels from distance selling and e-commerce companies. The network, named Qiwi Post, started operating in early February with 15 locations in Moscow, nearby malls, …

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