Venture / Private equity

Russian-founded ride-hailing service raises $15 million, moves headquarters to London

May 2, 2019

Wheely, a Russian-founded luxury ride-hailing service, hase raised $15 million from a pool of investors that includes UK investment partnership Concentric and three Russian tech businessmen – Oleg Cheltsov, Dmitry Eremeev and Mikhail Sokolov.  Wheely allows customers to book chauffeur-driven journeys both on-demand and pre-booked through an app. Its service is available in six Russian …

Russian-founded ride-hailing service raises $15 million, moves headquarters to London Read More

Sberbank to acquire large stake in online media group Rambler

April 24, 2019

Sberbank, Russia’s state-controlled financial giant, is to acquire a 46.5% stake in Rambler Group, a major online media and entertainment group. The deal gives Sberbank equal stake to investment holding company A&NN, which is affiliated to Russian billionaire Alexander Mamut, while Era Capital owns the remaining 7%. The terms of the deal have not been disclosed, …

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International investors to meet startups from Southeast Europe in Bucharest and Sofia (May 28-29)

April 23, 2019

International investors active in Southeast Europe (SEE) will have an opportunity to meet top tech companies from the region through the South East Europe Tech Tour 2019 (SEETT), which will take place this year in Bucharest (May 28) and Sofia (May 29).  The main goal of SEETT 2019 – organized by Tech Tour with support from international VC fund Almaz …

International investors to meet startups from Southeast Europe in Bucharest and Sofia (May 28-29) Read More

Sberbank, Gazprombank and Digital Horizon aim to create “global leader” in biometrics

August 6, 2019

Sberbank, the state-controlled financial giant, intends to acquire a 51% stake in Speech Technology Center (STC) from Gazprombank, a financial arm of the Russian gas company.  Digital Horizon, a VC and business incubation firm with offices in Moscow and Tel Aviv, has also agreed to acquire a minority stake in STC.  After deal completion in …

Sberbank, Gazprombank and Digital Horizon aim to create “global leader” in biometrics Read More

Backed by Western investors, a Russian car repair platform “temporarily suspends” activity

July 30, 2019

CarFix, an online-to-offline auto repair and maintenance platform, has announced the “temporary suspension” of its activity.  “The car service digital revolution is postponed,” the company’s website says, while promising that the service “will soon come back with a first-class product.” Launched in 2016, the platform initially raised €1 million from Oskar Hartmann, a young German entrepreneur who …

Backed by Western investors, a Russian car repair platform “temporarily suspends” activity Read More

Marketing solution startup secures $8 million from US and Russian investors

April 11, 2019

Improvado.io, a US-based marketing solution provider with Russian roots, has secured $5 million from several investors including two Russian funds: Impulse VC, which is reportedly affiliated to Russian billionaire Roman Abramovich, and Cabra VC.  According to the business daily Vedomosti, which reported the news earlier this week, this capital injection comes as the second part …

Marketing solution startup secures $8 million from US and Russian investors Read More

Tech Investment in Eastern Europe and Central Asia: March 2019

April 10, 2019

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 …

Tech Investment in Eastern Europe and Central Asia: March 2019 Read More

Food delivery startup attracts $7.6 million from Mail.Ru Group and top businessmen

November 12, 2020

Instamart, a Moscow-based startup that organizes food deliveries from offline retail outlets, raised 500 million rubles (approximately $7.6 million at the current exchange rate). As reported by VC.RU, the deal, which took place last month, valued the company at 1.8 billion rubles (around $27.5 million). The money was brought in by Mail.Ru Group, Sberbank top …

Food delivery startup attracts $7.6 million from Mail.Ru Group and top businessmen Read More

Former minister and investor Mikhail Abyzov detained in criminal case in Moscow

April 2, 2019

Former Open Government minister Mikhail Abyzov was detained yesterday in Moscow. A figure of the Russian electricity market, Abyzov was also involved in the venture business in the early 2010s. He is now accused of having embezzled and hidden abroad 4 billion rubles (around $62 million). According to the investigation, Abyzov and his accomplices stole …

Former minister and investor Mikhail Abyzov detained in criminal case in Moscow Read More

RTP Global injects $2 million in Russian AI call-center automation technology

March 15, 2019

Leonid Boguslavsky’s RTP Global has invested $2 million in Dasha.ai, as reported by Russian business daily Vedomosti, based on exchanges with representatives from both sides. Founded just months ago, this Russian startup is building an AI-powered call-center automation solution that allows companies to “design, test and launch rich, human-level voice conversations.” This will help businesses “automate [their] entire …

RTP Global injects $2 million in Russian AI call-center automation technology Read More

DataSine aims to make the science of “digital mass persuasion” available to marketers

March 11, 2019

A UK-based startup with Eastern European connections is leveraging personality analysis, data analysis and machine learning to make marketing communications even more persuasive. And it has just raised $5.2 million to develop and commercialize its technology further. DataSine’s flagship product, ‘Pomegranate,’ helps businesses “tailor content to resonate with their audience, from the segment level down …

DataSine aims to make the science of “digital mass persuasion” available to marketers Read More

Meet retailers, experts, startups and investors at Fashion Tech Day (Moscow, May 16)

July 13, 2019

On May 16 the Moscow Technopolis expo center wlll play host to the second edition of Fashion Tech Day, a must-attend international conference dedicated to the fashion retail tech and e-commerce industries (see site in Russian or presentation in English). This event is co-organized by East-West Digital News and the venture fund The Untitled, in partnership …

Meet retailers, experts, startups and investors at Fashion Tech Day (Moscow, May 16) Read More

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