Last week Voximplant, a US-headquarter provider of innovative CRM solutions, announced it raised $10 million from Baring Vostok and RTP Ventures. Baring Vostok is the leading Russian PE and VC firm, which sadly made the headlines this year with the arrest of its US founder Michael Calvey in Moscow. The RTP Ventures fund is a …
Next-gen Russian CRM technology backed by major funds to conquer US market Read More
Elbrus Capital and Guard Capital have invested $10 million in YClients, a Russian online appointment and automation platform, in exchange for a minority stake. No further details about the deal were disclosed, but an industry insider told the business daily Kommersant that the company might have been valued in the range of $40 million. Founded in 2015 …
Online appointment platform YClients secures $10 million from major Russian investors Read More
Last month EightyDays, a US startup born in Belarus, secured an undisclosed amount in a seed round of funding from Artem Lebedev. The famous Russian designer saw in this startup’s technology “an incredible, fantastic, extraordinary new way of making travel bookings online” (see video). EightyDays has created a multi-destination booking service intended for international travellers planning a …
Russian designer invests in US startup to reinvent online travel booking Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The November review highlights moves …
RVC, the Russian state-owned fund of funds dedicated to innovation, and RZD (Russian Railways) have teamed up to launch to two venture funds for industrial and digital investments. Scheduled for launch in 2021, the funds will support early-stage projects which have “the potential of developing synergies with the railways company and increasing its business efficiency.” …
Russian Railways teams up with RVC to launch transport tech funds Read More
A Kyiv (Kiev)-based venture fund, Genesis Investments , has just injected $1 million in Russian-founded edtech startup IntellectoKids. The news was reported earlier this week by Rusbase, which cited exchanges with the startup’s press service. The details of the transaction were not disclosed. Founded in 2016, IntellectoKids presents itself as a media, entertainment and education platform for parents and …
Ukrainian fund puts $1 million in Russian-founded edtech startup Read More
As reported last week, Runa Capital, an international VC firm with Russian roots, has teamed up with UK-based Notion capital to inject $7 million into Forest Admin. This French startup, founded in 2017, has designed an “off-the-shelf admin panel based on a highly-extensible API” in simpler words, an admin interface that helps manage customer data …
Notion Capital and Runa Capital team up to back French IT development tool provider Read More
At present, cryptocurrencies don’t have any legal status and are not regulated in Russia. Yet a company called Artel has managed to officially add bitcoin to its authorized equity capital. Not without giving the entity a hard time, the country’s Federal Tax Service eventually agreed to register the change in its status. According to experts …
Russian tax authority registers crypto as part of a company’s capital Read More
Leading Russian private equity firm Baring Vostok has cancelled plans to raise a sixth fund that could have been worth $1.3 billion, as five of its senior managers face fraud changes and three of them languish in prison, the firm announced on November 21. International institutional investors are concerned about “contradictions in Russian and international …
Baring Vostok cancels plans for $1.3 billion sixth fund Read More
ExpoCapital Overseas, a division of the Moscow-based venture fund ExpoCapital, has acquired a 7.28% stake in Russian online drugstore Megapteka. Backed by ExpoBank owner Igor Kim, this fund was created in early 2018. The Megapteka deal was reported earlier this week by business daily Kommersant based on company register information. The details of the deal were …
Russian VC fund invests in online pharmacy as new legislation could boost the market Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The October review highlights the …
The Russian p2p ticket marketplace Eticket4 has agreed a $1 million investment deal with a group of individual investors, including David Izraelov and other unnamed business angels. The capital injection will be made in several stages based on a $2.8 million company valuation, reports VC.RU. Earlier this year, in July, the startup sold 13% of its stock …
Russian ticket marketplace Eticket4 raises $1 million Read More
