WPP, a prominent global advertising and marketing group, has agreed to acquire – through its subsidiary Ogilvy & Mather – a majority stake in Promo Interactive, a leading Moscow-based advertising agency with a strong Internet, mobile and multimedia focus, the Russian press reported last week.
VTB Capital yesterday announced it led a $5.5 million round of financing for aiHit, a London based provider of company data to the business information, market research and lead generation industries. Amadeus Capital Partners, the UK’s leading venture capital group, and several other existing investors, also took part in the deal.
Russian early stage fund Runa Capital took part in a round of financing for BigTime, a US corporate software publisher. Along with Runa, the financiers included US and international funds LTC Partners, Geneva Venture Investment Management, Hickory Grove, and Howell Capital for a total amount of $3 million, news agency RIA Novosti reported yesterday.
DST Global, the Russian investor who already owns stakes in Facebook, Groupon, Spotify, Twitter, Zynga, and other prominent web companies, could make a bid for Yahoo jointly with US high tech fund Silver Lake and China’s e-commerce giant Alibaba Group. The news was reported yesterday by Bloomberg from “three people with direct knowledge of the matter.” …
DST, Silver Lake and Alibaba are jointly setting their sights on Yahoo Read More
Fast Lane Ventures, a Western business incubator operating in Moscow, announced earlier this week the launch of Domgeo.ru, an online database of real estate available for purchase or rent. Domgeo’s properties come from as many as 50 agents and developers who have agreed to list their properties on the site on a pay-per-inclusion basis, the …
Fastlane Ventures launches ambitious real estate listings site Read More
Baring Vostok, a leading private equity fund operating in Russia and the CIS, has acquired a 9% stake in 1C, a top Russian publisher of enterprise software and distributor for major international software vendors.
Yandex announced on Friday it has invested in US search engine company Blekko.com. The Russian search giant invested $15 million out of a total of $30 million attracted in the round in exchange for an approximate 10% stake in the company, Yandex reported to East-West Digital News.
Russian programmer and businessman Valery Gasratov launched social gifting application Giftofoni last week, allowing Turkish speaking Facebook users to order gifts and organize parties. The application is derived from Welcome Gifts, Zhelannye Podarki in Russian, an application launched last year by Gasratov’s team on Odnoklassniki.ru, a leading Russian social networking site. Welcome Gifts was used by 12 …
Ambitious Russian social gifting app launched on Turkish version of Facebook Read More
Russian state bank Vnesheconombank (VEB) is set to acquire a 25% stake in T-Platforms, a high performance computing company, following approval from the Russian Federal Antimonopoly Service on Sept. 19. The acquisition will give VEB a blocking stake in the company. With bases in Moscow and Hanover, T-Platform has several of its end user supercomputing installations listed among …
Russian state bank VEB to invest $25 million in supercomputing company Read More
Fujitsu’s subsidiary PFU Limited recently acquired up to a 5% stake in Abbyy, a world-renowned Russian provider of document conversion, data capture, and linguistic software and services. The information, which has since been confirmed by Abbyy, was first revealed last week by Russian business daily RBC Daily. The amount of the deal remains undisclosed, but experts …
Fujitsu subsidiary acquires minority stake in Abbyy Read More
The Russian state owned fund of funds Russian Venture Company (RVC) announced last week it had participated indirectly in a $40 million round of financing for One Kings Lane, a leading US flash sales site on the home furnishings market. The investment was made through Institutional Venture Partners XIII (IVP), a prominent later stage venture …
Russian Venture Company invests in US home decor site One Kings Lane Read More
DST Global, the top Russian international investor in Internet assets, and Silver Lake, a global leader in private investments in technology, announced last week their commitment to invest in Alibaba Group, a premier Chinese technology company. This is the second investment from DST this year in Chinese e-commerce. In March, the fund took part in the third …
DST and Silver Lake invest over $1.6 billion in Alibaba Group Read More
