Runa Capital, a Palo Alto-headquartered venture investment firm with Russian roots, has closed $70 million for its third fund targeting early-stage “deep tech” startups. The firm started to market this fund a year and a half ago, seeking to raise some $135 million essentially from its existing LPs. Launched in 2011, Runa Capital’s first fund …
Runa Capital raises $70 million to invest in ‘deep-tech’ startups Read More
Earlier this month Emerging Travel Group, an international online travel group with Russian connections, announced it raised $10 million in a Series E funding round. The investors are Russian-Israeli tech investor Lev Leviev – through his investment company LVL1 Group – and Igor and Dmitri Bukhman. The company hopes the investment will help it accelerate the …
Emerging Travel Group secures $10 million from Lev Leviev, Igor and Dmitri Bukhman Read More
Mail.ru Group, a leading, LSE-listed Russian Internet company, has acquired a minority stake in Performance Food, a Moscow-based food delivery service specializing in premium healthy nutrition programs. The financial details of the deal were not disclosed. As reported by business daily Kommersant, which cites official company registers, MGL Mail.ru Equity Ltd, a Cyprus-based subsidiary of Mail.ru …
Mail.ru Group acquires stake in Performance Food delivery service 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 June review highlights the …
Russian state defense conglomerate Rostec and Russian Railways have pledged to create a joint R&D center for LPWAN XNB wireless network devices as well as Internet-of-Things (IoT) technologies to be used on transport. To support such activities, the parties are going to launch a $100 million venture fund, Russian industry resource CNews.ru reported. Last month as part of …
The Russian p2p ticket marketplace Eticket4 has sold 13% of its stock to Hong Kong-based GTSystem International in exchange for a $325,000 capital injection. The whole project was estimated at $2.5 million, Russian business daily Kommersant reported, citing exchanges with company founder Daniil Kruchinin. According to the official company register, the deal took place on July 4. Kruchinin …
Russian ticket marketplace Eticket4 secures funding from Hong Kong Read More
Baring Vostok, a major Moscow-based international PE firm, has acquired 5% stake in Tealsy, Russian business daily Kommersant reported last week. The financial details of the deal were not disclosed. This Moscow-based startup brings together e-shoppers, retail networks and suppliers by proving a single online platform where they can meet one another to trade food products. Tealsy …
Tealsy online food products platform attracts investment from Baring Vostok Read More
Russian private equity fund ExpoCapital and several foreign business angels have jointly invested $2.5 million in SmartPrice, a Moscow-based online store that trades in used smartphones, Forbes Russia reported.in late June. The exact amounts of investments by the parties were not been disclosed, but the founders of the project are said to have retained the majority stake. In …
SmartPrice attracts $2.5 million to sell used smartphones online Read More
Addressing the lack of internationally-available information on Russian e-commerce, East-West Digital News has just released an in-depth study on this market. Among EWDN’s partners in this initiative are Data Insight, Russia’s leading data provider in this field, the E-Commerce Russia Association (NAMO), Ecommerce Foundation, an international expertise center based in the Netherlands as well as such …
Russian e-commerce is entering accelerated development cycle, says new EWDN report Read More
A new marketplace could emerge soon on the Russian cross-border e-commerce scene, offering Russian online consumers goods from China and Southeast Asia. Dubbed ‘Sputnik,’ the project is backed by Evgeniy Sobolev and Vladimir Stupnikov, co-owners of the iMars communications group, who own 66.7% and 33.3% shares of the company respectively, Kommersant business daily reported. The founders did not …
Marketplace project ‘Sputnik’ aims to bring cheap Asian goods to Russian regions Read More
Sberbank, the state-controlled financial giant in Russia, is going to acquire 25% stake in PayZakat, the bank stated without disclosing the financial details of the deal. This Moscow-based startup has developed a payment platform to help Muslim users collect obligatory and voluntary alms. With the help of PayZakat’s bots in social networks, Muslim users can calculate their …
Sberbank invests in PayZakat, a payment system that helps Muslims collect alms Read More
Gazprom Media, Russia’s largest media holding and a subsidiary of Gazprom, has invested an undisclosed amount of money in St Petersburg-based Happy Monday Family group of companies (HPMD) that deals in online advertising and influencer marketing, business daily Kommersant reported. This is the first deal of the media holding in the influencer marketing segment in …
Gazprom Media acquires stake in major Russian influencer marketing agency Read More
