Norma Investment, a venture firm affiliated to Russian billionaire Roman Abramovich, has taken part in a $20 million round of funding for Russian game publisher 110 Industries. GEM Capital, an investment company founded by a top executive from the Russian oil and gas industry, and Sergey Kornikhin, a film producer, also contributed to the …
Can you study in a top US, Chinese or European university when you have no money and lack family support? The answer is yes, as demonstrated by StudyFree, an online service that helps applicants increase their chances to get a scholarship and be admitted to educational institutions. Now claiming 23,000 users across the world, StudyFree …
Russian-born startup helps students make their international education dreams come true Read More
Can artificial intelligence and machine learning help mankind address diseases related to ageing, and delay mortality? Gero, a Singaporean company with Russian roots, believes so. To address this biological and technological challenge, Gero has teamed up with the National University of Singapore, conducting experiments involving aged animals. These works “demonstrated mortality delay (life-extension) and functional …
In Singapore, a Russian-born startup uses AI to penetrate the mysteries of human longevity Read More
Earlier this month AB Capital Group, the owner of international affiliate network Admitad, announced an investment of $3 million in cashback service company LetyShops. Founded by Ukrainian entrepreneurs in 2015, LetyShops is now headquartered Csomád, Pest, Hungary. Its service is available in seven languages, claiming a total of 2400 online shops and 12 million users. It stands as “one of the top cashback …
Admitad owner invests $3 million in cashback service Read More
A Russian medical insurance startup called BestDoctor has raised $4.5 million from major Russian investors. These include AddVenture, a pioneer in the Russian venture business, Target Global, a fund with Russian roots operating from Berlin, and LVL1, the investment company of Russian-Israeli Lev Leviev. This is BestDoctor’s third round of equity funding since inception in …
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 second quarter of …
Mobalytics, a California-headquartered startup with Ukrainian roots, raised a $11.25 million Series A round led by Almaz Capital and Cabra VC, two international funds with connections in Eastern Europe. The other investors include HP Tech Ventures, General Catalyst, GGV Capital, RRE Ventures, Axiomatic and T1 Esports. Almaz Capital, Founders Fund, General Catalyst and GGV Capital …
K-SkAI, a startup developing an AI-enabled predictive analytics solution for healthcare, has raised 130 million rubles (around $1.8 million at the current exchange rate). Company representative Anna Guseva told East-West Digital News that the funding came from Russian individual investors, including Spartak Zabolotsky and other unnamed ones. She did not disclose further details of the deal. The …
Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has increased its stake in New Cloud Technologies (NCT) from 29.5% to 47%, the Kommersant business daily reported. These shares were sold by company founder Andrey Cheglakov. Kaspersky acquired its initial 29.5% stake in May last year. Launched in 2013 — now with offices in Moscow, St. …
Kaspersky purchases additional stake in Russian cloud solution provider Read More
Earlier this month Mail.ru Group, the LSE-listed Russian Internet giant, announced an investment in data science education startup SkillFactory. The amount fo the transaction was not disclosed, but the group stated it will “receive a 18.31% share in the service with the option to add on more shares.” SkillFactory’s offers include: An online Big Data …
Intento, a startup with Russian roots, has secured a $3 million seed round, reports CrunchBase. Konstantin Savenkov, CEO, started the Berkeley, California-based company in 2016 with Grigory Sapunov, a deep learning and artificial intelligence expert who had worked five years at Yandex. Initially, as reported by East-West Digital News, Intento positioned its solution as a new way to …
Yesterday a court in Moscow upheld the house arrest of Baring Vostok founder Michael Calvey on fraud charges despite the revelation that he has a malignant tumor. The US businessman faces embezzlement charges that he says are being used to pressure him in a business dispute. A Moscow court had ruled last month to extend the house …
US investor Michael Calvey kept under house arrest despite cancer revelation Read More
