AlterGeo, a Russian startup inspired by the Foursquare concept, announced yesterday it has closed a third round of financing with Intel Capital, prominent Russian venture fund Almaz Capital — sometimes called the Almaz-Cisco fund, and U.S. angel investor Esther Dyson, who is involved in several Russian IT projects.
Russia’s leading online shoe retailer Sapato.ru announced today that it has raised $12 million in a third round of financing. Intel Capital, Intel’s global investment fund, led the investment round along with earlier investors in the project – Direct Group, a Western investment company operating in Moscow through its incubator FastLane, eVenture Capital Partners, the …
DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.
Ambitious Russian social games developer Pixonic has just closed its third round of financing, raising $5 million from Russia’s Kite Ventures, Ukraine’s Take Advantage Venture and France’s Ventech. Founded in late 2009, Pixonic has already launched over 30 games on 13 different social networks.
Professionali.ru, the second largest Russian professional social network after Yandex’s MoiKrug, announced it has raised $2.5 million from Open Capital, a London-based venture capital fund investing in Russia and other former Soviet states. The news has been reported by Unova, a Russian website specializing in local innovation and venture news.
Travelmenu.ru, a site offering a suite of travel products including hotels, flights, and vacation packages, announced yesterday that it has raised $1.6 million in growth capital from Almaz Capital Partners and Runa Capital, two important venture capital firms in Russia. The funds will be used “to invest in a direct-to-consumer marketing campaign and build additional …
Former telecommunications minister and presidential counselor Leonid Reiman has created and personally invested in a fund called Alternative Capital Investment. Partners in the fund are a Cyprus-based subsidiary of VTB, a leading Russian bank controlled by the Russian state, and other unnamed investors.
AddVenture, one of the most dynamic Russian venture funds, has announced a new fund, AddVenture III. The fund has already raised $7 million “but since it is structured as a corporate vehicle, it could amount up to $50 million in the next two to three years,” Maxim Medvedev, one of the founders, told EWDN.
Bloomberg reported yesterday from “a person with direct knowledge of the matter” that Yuri Milner, the Russian businessman who created DST, completed the financing for DST’s new fund, DST Global II, having raised about $1 billion. Alisher Usmanov, who backed DST Global I, said last month he is “just a financial investor” in DST Global …
Moscow-based startup incubator Fast Lane Ventures has just launched Jizo.ru, a metasearch engine for airline tickets. Jizo.ru aggregates ticket information “from a myriad of sources,” says the company, including the booking systems of leading travel agencies, airlines and booking sites. Its simplified, uncluttered interface allows users to select airline tickets by two main criteria: date …
Fast Lane Ventures launches airline ticket search engine Jizo.ru Read More
Russian Venture Company (RVC), a state-owned fund of funds, participated indirectly in a $20 million round of financing, announced last week, for Clearspring Technologies, a US-based online data giant. This fourth round brings Clearspring’s total funding to $58 million since its creation in 2004. Clearspring is the maker of the AddThis button that facilitates content …
You once said that you were in love with Russia. Please explain! To be in love means to believe and to be committed. We believe in Russia, in its entrepreneurs who are hungry for success. Some of them are very bold, like Oskar Hartmann (founder of leading online private shopping club KupiVIP.ru), Nikita Sherman (founder …
David Waroquier of Mangrove Capital Partners: Investing in Russia with “love” Read More
