Finam Capital, the venture arm of the largest Russian brokerage and investment holding, will invest $10 million to deploy a special version IM+ in Russia. IM+ is a popular instant messenger made by German mobile app publisher Shape. Shape and Finam will create a joint venture in which the latter will own a minority, non …
SaaS website security services provider StopTheHacker announced earlier this week that it received $1.1 million in initial funding from public and private investors including Runa Capital, a Russian early-stage venture capital firm, and Brian NeSmith, former CEO of Bluecoat. StopTheHacker’s proprietary, patent-pending technology helps solve web-scale security problems involving malware on websites, hacker attacks and other types …
Runa Capital invests in US website security startup StopTheHacker Read More
Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …
Online hotel booking service Oktogo.ru secures $10 million Read More
Heverest.ru, a Moscow-based online retailer of sports and recreational equipment launched by Fast Lane Ventures in June 2011, has attracted a new investment of $4.3 million – just three months after securing $1.3 million in financing. The total investment in this startup now comes to $6.7 million. eVenture Capital Partners, the venture arm of the …
Heverest.ru secures new investment – from mystery financiers Read More
A new player on the Russian venture scene, iTech Capital has attracted capital from a variety of prominent Russian IT businessmen. Its first investments, in late 2011, went to play marketing site The Battle Of Brands and to Giftofoni, an innovative social gifting app launched on the Turkish-language segment of Facebook. In this exchange with East-West …
Sberbank, the Russian national savings bank, announced on Friday the creation of a $100 million venture fund to finance growth stage startups developing IT solutions for the financial industry. “Not only will the fund invest in Russian startups, it will support the most promising innovation anywhere in the world,” the bank’s press release states.
The Russian venture capital firm Troika Ventures, the first institutional investor in Evernote, has decided to sell its stake in the California based IT company. Founded in 2007 by a Russian-American team, Evernote offers a range of computer, phone and web-based tools designed “to remember things big and small from your notable life.” The startup has signed up 20 million …
Troika Ventures exits Evernote at 10 times original price Read More
DST Global, Russia’s leading IT fund with stakes in Facebook, Groupon, Twitter, Zynga and other top global web properties, has bought a 4% equity stake in online fashion store Zalando, The Financial Times reported yesterday. DST is joining current shareholders Rocket Internet, Holtzbrinck Ventures, Tengelmann Ventures and Kinnevik.
Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation, announced yesterday its cooperation with the Investment and Venture Fund of the Republic of Tatarstan (IVFRT) in the creation of a new international fund of funds. The new fund, named RVC IVFRT LP, will invest in international venture funds focusing on innovative companies.
Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation, is looking to invest in US startups through a newly-established office in Boston. RVC-USA presents itself as a “visionary and strategic investor that melds the innovation of US startups with the resources of Russia.” Its possibilities include direct investment in local startups, in particular those …
RVC USA “melds US innovation with the resources of Russia” Read More
Ostrovok.ru, an online hotel booking service launched in 2010 in Russia, has raised an undisclosed amount from Erik Blachfold, CEO of Expedia, Hotwire and Tripit founder Gregg Brockway and Altimeter Capital’s Brad Gerstner. This Series B round of financing comes six months after Ostrovok raised $13.6 million from General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well …
Hotel booking service Ostrovok.ru attracts new investment from US businessmen Read More
Skolkovo, the innovation hub under construction near Moscow, has set a goal of partnering with 50 additional Russia and foreign venture funds this year, said Skolkovo Investment Director Alexander Lupachev in an exchange last Friday with news agency RIA Novosti.
