Venture / Private equity

Venture fund Runa Capital to pour $5 million into Skolkovo projects

September 23, 2011

Russian early stage venture fund Runa Capital shook hands with the Skolkovo Foundation, the state-owned organization leading the completion of the major innovation hub on the outskirts of Moscow, reported Russian business daily Vedomosti. The deal outlines provisions for Runa to collaborate with Skolkovo over the next three years and invest $5 million into the projects …

Venture fund Runa Capital to pour $5 million into Skolkovo projects Read More

Russian StumbleUpon copycat Surfingbird secures $2.5 million

December 29, 2016

Surfingbird.ru, the first collaborative content discovery service on the Russian-language Internet, raised $2.5 million last month from Russian and French business angels. The deal brought the startup’s valuation to just under $2.5 million, a source close to the deal told East-West Digital News.

Moscow city fund to support up to 70 innovation projects by the end 2011

September 15, 2011

Mosventure, a fund owned by the Moscow city administration and focused on small and medium sized scientific and technical projects, plans to support up to 70 projects before the end of the year. These plans were announced last week by the fund’s executive director Alexey Kostrov in an interview with Russian news agency RIA Novosti.

RBC invests $1 million in social geolocation service

September 14, 2011

Two weeks after Foursquare made available a Russian version of its service – along with versions in Bahasa Indonesian, Korean, Portuguese, and Thai – a powerful Russian media group, RBC, announced it has invested $1 million in Ogorod.ru, one of the two best-known local services inspired by the Foursquare concept.

CapMan invests in Siberian ISP

September 13, 2011

Private equity fund CapMan Russia announced last week that it has made its first investment ever in a telecom asset. The CapMan fund bought a 20% stake in Siberian Networks, one of the leading ISPs in Western Siberia, and the fund plans to raise its share to a blocking stake in the coming months.

Germany’s Rebate Networks and Russia’s Ru-Net invest heavily in Vietnamese e-commerce

September 12, 2011

MJ Group, a newly formed Vietnamese Internet player, announced last Friday it raised $60 million from national fund IDG Ventures as well as from Rebate Networks, a German investment company, and Ru-Net, a major Russian fund. MJ Group is the result of a merger of four local Vietnamese Internet companies – e-commerce site Nhommua, location …

Germany’s Rebate Networks and Russia’s Ru-Net invest heavily in Vietnamese e-commerce Read More

Online video portal Tvigle secures $8 million in investment

September 9, 2011

Tvigle.ru, a major Russian video entertainment portal on the Russian Internet, closed a capital increase operation last week with PromSvyazCapital, the investment arm of PromSvyazBank, a leading Russian bank. PromSvyazCapital acquired a 27.7% stake for approximately $8 million, a source close to the deal told East-West Digital News.

Social CRM solution startup raises $500,000 from Softline Venture Partners

September 9, 2011

Softline Venture Partners announced earlier this week it has invested $500,000 in Copiny, a developer of Saas-based social CRM solutions. The fund received a 25.1% stake in exchange for the investment, Copiny General manager Dmitry Chistov told East-West Digital News. Copiny was founded just one year ago by a group of programmers from Bryansk, 379 kilometers …

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Russian Venture Company approves two IT investment projects

September 9, 2011

The seed fund of the Russian Venture Company, a state owned venture vehicle dedicated to innovation with 2 billion rubles, or $65 million, in charter capital, announced yesterday it has approved investment proposals from eight projects, including two from the IT sector.

Ozon.ru secures record Russian e-commerce investment

September 8, 2011

Ozon.ru, one of the most established Russian e-commerce sites, has just closed a $100 million round of financing led by Ru-Net, a major Russian fund, with the participation of Index Ventures, Alpha Associates and Japanese e-retailer Rakuten. Ozon’s main shareholder to date, Baring Vostok Capital, has retained its stake in what essentially appears to be a …

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Korean venture capitalists hunt for Russian IT companies

September 6, 2011

Representatives of 15 Korean venture funds, including KDB Capital, STIC Investments Inc. and L&S Venture Capital, visited Moscow last week intending to invest up to $10 million each in local IT companies.

Web content discovery services come to the Russian Internet

December 29, 2016

In a pattern that exemplifies the booming nature of the Russian Internet, the market segment for web content discovery services – non-existent just months ago – is now rapidly filling with ambitious startups. The public beta version of Netflip.ru was launched in mid-August, not long after a comparable site, SurfingBird.ru, went online, as reported by East-West Digital …

Web content discovery services come to the Russian Internet Read More

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