Venture / Private equity

Cinemood raises $4 million from Russian and Belarusian investors

October 22, 2020

The Internet Initiatives Development Fund (IIDF, or FRII in Russian, Russia’s leading startup fund) has teamed up with the Russian-Belarusian Investment Fund (RBF Ventures) to provide 263 million rubles (roughly $4 million) in fresh funding to Russian startup Multikubik. The news was reported in late December by business daily Kommersant based on an exchange with a Multikubik representative. Also participating …

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Russian VC firm FinSight puts $25 million in Indian startup fund

January 9, 2019

Last month FinSight Ventures, a Californian VC firm belonging to leading Russian financial group FINAM, announced an investment in Indian startup fund Emphasis Ventures (EMVC). The investment amounted to $25 million, reported Russky Venture, an influential Telegram channel. “The partnership enables FinSight to have access to leading startups in rapidly growing and evolving Indian market as …

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State fund of funds RVC to launch $100 million edtech fund

December 24, 2019

RVC, the state-owned fund of funds dedicated to innovation, intends to launch an investment fund to support innovation in the field of education technologies in Russia. With a considerable target amount – 6.9 billion rubles (roughly $100 million at the current exchange rate) – and a 10-year duration, the fund is being created in the framework of …

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Larix VC invests $1 million in Indian agri-marketing platform Ninjacart

December 28, 2018

Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov, has invested $1 million in Indian startup Ninjacart. Launched in 2015, this B2B “agri-marketing platform” claims to serve currently  more than 3,000 vegetables and fruits farmers, connecting them to businesses. Ninjacart is the market leader in India, ahead of its competitors Crofarm, FarmTaaza and …

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Waves raises $120 million to integrate blockchain into corporate and government digital infrastructure

December 24, 2018

Waves, a Blockchain solutions developer founded by a Russian team and incorporated in Switzerland, has secured $120 million to develop its project Vostok. Designed for large enterprises and public institutions, this private blockchain platform “lies at the intersection of several disruptive technologies, including blockchain, Big Data, artificial intelligence and the industrial Internet-of-Things,” according to Waves founder Alexander (Sasha) Ivanov. …

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Mail.Ru Group invests in four Russian gaming companies

December 12, 2018

LSE-listed Mail.Ru Group has invested in four Russian gaming companies via Mail.Ru Games Ventures (MRGV), the dedicated investment division it launched last year. As reported by the Russian media, these companies are Moscow-based Game Garden (Farmdale, Fairy Kingdom), Mobirate (Parking Mania, Dead Ahead, Rovercraft) from Ulyanovsk, Siberia, Red Brix Wall (Battle Arena: Heroes Adventure) and Zillion Whales (Mushroom Wars), both based in St. Petersburg. Each of …

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Russian and Belarusian investors back AR technology developer Banuba

December 4, 2018

Larnabel Ventures, a company founded by Russian businessman Said Gutseriev, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $7 million in Banuba. Born in Belarus but now registered in Hong Kong and operating internationally, this startup develops innovative AI technologies and AR apps. Users are provided with an experience …

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Ozon needs “more than $200 million” to remain in the running for e-commerce leadership

December 3, 2018

Ozon, one of the leading Russian e-commerce companies, intends to raise several hundreds of million USD in equity next year to support new investments in logistics and IT. As these plans were aired in the Russian media by the company’s general director Alexander Shulgin, an unnamed source told Kommersant that Ozon wants to raised “more …

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ITI Funds raises $5 million to make alternative and crypto assets more accessible to investors

November 28, 2018

Last week, ITI Funds announced that it attracted $5 million from two major investment firms, Moscow-based Da Vinci Capital and Paris-based Mantra Investment Partners, and unnamed private investors. Established in 2015 and registered in Guernesey, ITI Funds defines itself as “a modern buy-side intermediary, advisory and asset management” company. The firm has launched 10 funds, some of …

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Report: Venture investment grew to $262 million in Russia in H1 2018

February 4, 2019

RB Partners, a Moscow based M&A, corporate finance and VC advisory, has just released the English version of its bi-annual review of the Russian venture market. The report includes a selection of articles from East-West Digital News which illustrate the industry trends in the first half of 2018. The period was marked by a certain stability, note …

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US startup with Russian roots seeks to develop ‘space delivery’ business

November 26, 2018

Momentus, a US startup founded by Russian entrepreneur Mikhail Kokorich, wants to offer in outer space the same services that DHL and FedEx provide on Earth, but with multi-million dollar ‘packages.’ The company plans to move satellites from one orbit to another one. Momentus is planning to use the funds to launch its Vigoride rocket, …

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Sistema Asia injects additional capital in Indian fitness startup HealthifyMe

November 22, 2018

Just nine months after the completion of a $12 million Series B round, HealthifyMe, a leading e-health and fitness platform in India, has raised an additional $6 million as an extension of that round. As reported by the Indian media, the round has involved Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, …

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