Venture / Private equity

A Russian-born ‘soonicorn,’ Miro raises $50 million from Silicon Valley tech billionaires

June 21, 2021

Miro, a Californian startup with Russian roots previously known as RealtimeBoard, announced yesterday a $50 million Series B round. The funding came from Iconiq Capital – a Silicon Valley fund backed by such tech billionaires as Mark Zuckerberg and Jack Dorsey – with Accel and several individual investors also contributing to the round. The detail of the deal were …

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Amid the pandemic, some Western investors take a closer look at Eastern European tech companies

April 30, 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 first quarter …

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Robot maker Promobot raises $2.7 million to develop artificial skin in Russian Far East

April 17, 2020

Promobot, a successful Russian robotics startup, has secured 200 million rubles (approximately $2.7 million) from the Far-East High Technology Fund as it intends to open a branch in this far-flung Russian region. This local branch will develop sophisticated artificial skin and hair to enhance the look of these robots.  The fresh funding will also help …

Robot maker Promobot raises $2.7 million to develop artificial skin in Russian Far East Read More

Russian venture market reached record $868 million in 2019

April 16, 2020

DSight, a business intelligence agency focusing on the Russian venture market, has just released the English version of its latest yearly report. Russian venture investments amounted to at least $868 million in 2019 (excluding exits), up 13% year-on-year, says the report. Although this performance remains very modest by international comparison (USA: $136 billion, UK: $14.3 billion, Germany: $6.6 billion), it …

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EBRD provides rescue financing to Travelata and other Russian portfolio companies

April 10, 2020

The European Bank of Reconstruction and Development (EBRD) has provided finances to a Russian company for the first time in more than five years under its emergency coronavirus support fund. The EBRD stopped making active investments in the country in 2014, following Western sanctions stemming from the events in Ukraine and Crimea. The group has also wound …

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Mail.Ru and Sberbank to acquire food delivery service Samokat

April 7, 2020

Last week, just days after Elementaree.ru secured a $5 million round of funding, Mail.ru Group and Sberbank announced plans to acquire another Russian food delivery startup called Samokat. The tech group and the financial giant – which are both listed on Western exchanges – are committed to acquire 75.6% of the service, according to corporate statements cited …

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Russian startup to receive up to $10 million to bring data science to farmers

November 11, 2020

Russian agritech startup IntTerra has agreed with local businessman Nikita Shashkin an investment plan of “up to $10 million” in several capital injections. The deal, agreed in early 2020, has just been revealed by the business daily Vedomosti, which cites exchanges with company founders Vitaly Buzu and Alexander Mikhailov.  Very few Russian agritech startups have …

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Amid market boom, food delivery startup Elementaree raises $5 million from top Russian and French investors

November 12, 2020

The Russian food delivery startup Elementaree.ru has secured $5 million from the French vegetable giant Bonduelle and Russia’s sovereign wealth fund RDIF, confirming earlier announcements. An undisclosed individual investor also took part in the deal, the Russian media reported. The details of the transaction were not disclosed. Founded in 2013 by Olga Zinovieva and Silard …

Amid market boom, food delivery startup Elementaree raises $5 million from top Russian and French investors Read More

Russian e-commerce major Ozon secures $150 million from local and US investors

April 5, 2020

Russian e-commerce major Ozon has just announced a $150 million round of financing, consolidating its position among the most well-funded local market players. The money is coming from three investors bringing equal contributions: the Moscow-based private equity firm Baring Vostok Capital Partners, the corporate fund Sistema_VC and a new investor, the US VC firm Princeville Capital.  The deal took the form of a …

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Alexander Galitsky: From Soviet engineer to libertarian investor

February 21, 2020

Wearing casual trousers, a pullover and ruffled hair, surrounded by programmers, designers and freelancers half his age in the trendy WeWork coworking space in central Moscow, Alexander Galitsky wears his libertarian colors with comfort and conviction.  Over the last three decades, he has made his name and his fortune connecting people, money and services in …

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Da Vinci Capital gets €30 million from Germany’s DEG to invest in Ukraine, Belarus and Kazakhstan

February 21, 2020

Moscow-based private equity fund manager Da Vinci Capital has agreed with DEG, a state-owned German development finance institution, a €30 million contribution to its new fund, ‘Da Vinci Capital Technology Fund III.’ The agreement is still subject to standard closing conditions. Da Vinci expects to attract other LPs in the course of the year to reach the fund’s initial …

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Eastern European edtech startup backed by Russian and South Korean investors to go global

February 19, 2020

In late January the Russian-born edtech startup Novakid closed a $1.5 million funding round involving South Korean VC BonAngels and Russian VC firm Leta Capital. The money will be used to develop Novakid’s technology further and to support its international expansion plans.  Founded in 2017 by Max Azarov, Novakid touts itself as “a next-generation early English learning …

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