Venture / Private equity

Russian sovereign fund RDIF invests in telemedicine platform, targets 100 million potential users

January 20, 2021

The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) is investing in a telemedicine platform developed by Digital Medical Services (a subsidiary of state corporations Rostelecom and Rostec) and online consultation provider Doctis.  While Digital Medical Services will provide expert and methodological support to meet public healthcare standards, Doctis will contribute its information system to the joint …

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Sber teams up with pharma major to acquire leading online pharmacy

October 28, 2020

Sber, the state-controlled financial and tech giant – previously known as Sberbank, – and Russian pharma major R-Pharm, are teaming up to acquire the online pharmacy Eapteka. According to the agreement, each partner will get a 45% stake with 10% being retained by company founder Anton Buzdalin. The amount and details of the transaction, which is still subject …

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Baring Vostok and Goldman Sachs acquire stake in major Russian financial and insurance portal

October 20, 2020

Russian billionaire Oleg Tinkov has sold his stake Sravni.ru, a major Russian finance and insurance marketplace, to Baring Vostok and Goldman Sachs, reports VC.RU. The terms of the transaction were not disclosed. Sravni.ru defines its mission as “to help people make the right choices and achieve financial goals.” Its users are assisted in choosing financial …

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Quarterly review: Battle of digital titans in Russia, Belarusian IT exodus, acquisitions in Ukraine

October 20, 2020

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the third quarter of …

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Mail.Ru buying spree: New investments in gaming and edtech

October 8, 2021

This week several new investments by Mail.ru Group, the LSE-listed Russian Internet giant, were reported. In the field of online education: Lomigor, a Cypriot subsidiary of the LSE-listed Russian Internet giant, purchased a 45% stake in Preprep.ru LLC, the startup behind exam preparation platform Tetrika. The transaction, which took place in September, was just revealed …

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Russian retail self-service and payment startup raises $2 million to expand across Eastern Europe

October 14, 2020

Moscow startup Briskly has raised $2 million to finance its first international projects and strengthen its positions in Russia. Sberbank executive Maxim Poletaev and Gauss Ventures, a Cayman-based fund with Russian connections, are among the investors alongside an unnamed British venture fund and another private investor. Poletaev and Gauss Ventures already put $370,000 in the …

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Smart city solution developer to receive up to $3.4 million from major corporate funds

October 13, 2020

Alphaopen, a Moscow-based developer of IoT solutions for smart construction, will receive up to 260 million ruble ($3.4 million) from two major corporate funds: Orbita Capital, the venture arm of state corporation Rosatom, and Veb Ventures (formerly VEB Innovations), which is backed by state development agency VEB.RF (Vnesheconombank). The startup will receive a first tranche of 130 million rubles, the second …

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Mail.Ru buying spree: My.Games invests in 3 game studios in 3 weeks

October 12, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to LSE-listed Mail.ru Group, has just acquired a majority stake in Russian game publisher Deus Craft, reports Rusbase. MGVC intends to put up to $49.1 million to acquire 51.16% of the company, including an immediate payment of $14.1 million and potential additional payments totalling $35 million, depending on the …

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Russian and Emirati sovereign wealth funds invest $13 million in sensitive face recognition technology

September 29, 2020

The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has teamed up with its Emirati peer Mubadala to invest “more than 1 billion rubles” (approximately $13 million at the current exchange rate) in Russian face recognition startup NtechLab.  Touting itself as “the global leader in computer vision systems based on artificial intelligence and neural networks,” NtechLab provides solutions …

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Russia and Gulf countries intensify cooperation in high tech

September 29, 2020

A series of news in the past few days came to underline the intensifying relationship between Russia and Gulf countries in the fields of technologies and investment. Mubadala eyes Russian technologies Thus last week Sberbank, the state-controlled Russian financial and tech giant (now known as Sber), announced a “strategic agreement” with Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign …

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From Moscow to Berlin, digital music startups attract top investors

September 28, 2020

As the global digital music market pursues solid growth, last week saw three deals involving companies from Russia or with Russian founders. Sberbank acquires Zvooq Just a day before touting its transformation into a tech “universe,” Sber announced the acquisition of Zvooq, one of the most established Russian music platforms. No details about the transaction were disclosed.  Founded in 2010 by UK …

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My.Games invests in Russian-founded studio Hypemasters

September 22, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to Mail.ru Group, and Aii Corporation, a Finnish VC firm, have teamed up to invest in a US-headquartered mobile games studio called Hypemasters.   “Under the new partnership, MGVC will provide marketing, HR, operations, and financial support to Hypemasters to drive the development of current and future titles,” …

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