Tamir Fishman-CIG, a leading Israeli financial group, and the Russian Venture Company (RVC), the state-owned fund dedicated to fostering innovation in Russia, have invested over $6 million in a new joint venture to design a new ASIC semiconductor chip in Russia.
Every Spring since 1996, for three days, the Russian Internet incarnates into a sprawling mass of living high tech energy — the Russian Internet Forum at Lesnye Dali (Far Woods), a hotel complex located in a picturesque pine forest 38 km northeast from Moscow. From Moscow and far beyond, RIF attracts virtually all those who count …
Ostrovok.ru, an online hotel booking service launched last summer, announced last week it had raised $1 million from General Catalyst Partners, a US-based venture capital and growth equity firm, Kite Ventures, a Russian venture fund, and business angels who founded online travel services in the US and China such as Kayak and Qunar.com. The founders say …
Western and Russian investors bring $1 million to hotel booking site Read More
TomorrowVentures, a US investment fund founded in 2009 by Google chairman Eric Schmidt, announced earlier this week the formation of a strategic partnership with Digital October, a Moscow-based cooperative work space and events organizer. Court Coursey, Managing Partner at TomorrowVentures, agreed to speak with EWDN on the subject of their new partnership.
Digital October, a Moscow-based cooperative work space and events organizer created in 2010, and TomorrowVentures, a US investment fund founded in 2009 by Google chairman Eric Schmidt, announced yesterday the formation of a strategic partnership aimed, in particular, at selecting, financing and promoting Russian startups on international markets.
State-owned fund of funds Russian Venture Company (RVC) participated indirectly in a round of financing, announced last week, for Sugar Inc., a global media company for women. The investment was made through Russian Venture Capital II LP, a fully owned subsidiary of RVC that registered in the UK in June 2010. A few months later, the …
Russian state-owned fund participates in Sugar Inc. round of financing Read More
A trade delegation of 25 leading European venture capital firms and top executives of major international technology corporations is visiting Russia this week to participate in the Second International Trade Delegation on Global Innovation Partnerships (GIP).
Russian seed and early stage venture fund Runa Capital has invested $1 million in Metabar, a Russian startup allowing websites to customize a toolbar to adhere to their features, news, and other applications. “Our platform allows website owners to transform casual visitors into regular audiences,” said Mikail Ushakov, Metabar’s CEO.
Yandex, the leading search engine on the Russian-language Internet, announced yesterday the launch of Yandex.Factory, an investment program designed to help startups finance their product, prototype, or project development at the seed, or early, stage.
KupiVIP.ru, Russia’s leading online shopping club, announced today the completion of a $55 million Series C funding deal – a record transaction for a Russian ecommerce business. Three new investors participated in the operation: Balderton Capital, Bessemer Venture Partners and Russia Partners.
Babyboom.ru, a Russian children’s goods website, has raised $900,000 from investors including Index Ventures and Team Europe Ventures as well as from business angels Chamath Palihapitiya, VP of Facebook, Fabrice Grinda, the founder of OLX, Jose Marin, the founder of IG Expansion and James Gutierrez, the founder of Progreso Financiero.
Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.
