Wikimart.ru closed a second round of financing with US venture fund Tiger Global partners, reported Wikimart founders Maxim Faldin and Kamil Kurmakaev yesterday to Russian business daily Vedomosti.
MICEX, one of the two main Moscow stock exchanges, has opened the IPO Board, a web service dedicated to innovative companies, including those at startup stage. This resource will allow “buyers” and “sellers” to publish their offers and make deals directly.
Russian startup yaM Labs attracted $500,000 from Foresight Ventures, a Russian venture fund. yaM is a SaaS application supporting meetings at all stages – from planning to results. The application can be used for any type of meeting, either face-to-face, telephone call, telephone conference or video conference and for any type of user, from individuals …
European online music service Spotify, which offers streaming audio tracks on demand, is currently closing a round of financing of $100 million or more, reports TechCrunch from unnamed sources. DST is said to be leading the deal, which would value Spotify at around $1 billion.
Softline Venture Partners, a fund owned by Softline, a leader on the Russian software licensing market, has invested an additional $500,000 in Emegamall to take a controlling stake in the company. The transaction was based on a valuation of $2 million, reports Oborot.ru, a specialized online resource.
Witology, a company specializing in the development and practical application of crowdsourcing technologies (methods of collective problem solving), reached an agreement with ONEXIM Group and Sputnik Group for investment in further crowdsourcing research. ONEXIM Group is owned by Mikhail Prokhorov, a prominent Russian billionaire and owner of the New Jersey Nets, an American basketball team.
The Runa Capital seed fund, established by Parallels founder Sergey Belousov, has been increased by $20 million — from $30 to over $50 million — and plans to finance 8 or 9 start-ups this year. The anchor investors of Runa Capital are Sergey Belousov, BoD chairman of Parallels and Acronis, and Alexander Galitsky, head of …
Runa Capital Fund to invest another $20 million in Russian start-ups Read More
State-owned Russian Development Bank (RBD) will allocate at most 300 million rubles for the capital formation of the Modernization, Innovation and Development direct investment fund (MID). RBD has formed partnerships with Russian as well as foreign investors, including German bank KfW.
The National Association of Business Angels (NABA) announced their having joined the European Trade Association for Business Angels (EBAN), the leading European association of business angels.
General Atlantic, a US-based private equity fund, has bought a large stake in Kaspersky Lab. Though no details of the deal have been disclosed by the parties, it is known that General Atlantic has become the second-largest shareholder in the Russian computer security company. Evgeny Kaspersky, who owns a controlling stake in the firm, will …
Japanese holding company Mitsui & Co. has bought a 15% share in Qiwi, Russia’s leading operator of offline electronic payment terminals. Existing shareholders Mail.ru Group, the operations branch of DST investment, and Qiwi management both sold shares to complete the deal and now hold 21.4% and 63.7% respectively. No official information on the value of …
Japanese corporation buys stake in Russian Qiwi payment system; US expansion considered Read More
Digital Sky Technologies (DST Global), Russia’s major Internet investment fund, pledged $50 million to Facebook’s latest $500 million financing round. In addition, DST stakeholder Goldman Sachs bought a $450 million stake with the right to sell up to $75 million to DST, according to sources quoted in The New York Times involved in the talks. With …
DST takes part in Facebook’s newest and largest investment round Read More
