The authorities of Crimea, a Black Sea peninsula which has been disputed between Russia and Ukraine since 2014, are considering creating a new international blockchain technology training center. Such a center would teach “specialists from countries under sanctions how to use new technologies to attract foreign investors,” Roman Tkachenko, the president of the Crimean Republican Association …
In late October Ru-Net, one of the most established Russian tech funds, announced its rebranding to ‘RTP Global.’ The move was presented as “reflecting the success of [its] US-based arm RTP.VC and [its] evolution to a globally focused venture capital firm.” Ru-Net was founded in 1999 by Russian billionaire Leonid Boguslavsky, a software engineer in Soviet times who later …
Ru-Net rebrands to RTP Global, launches new $200 million fund with a focus on India Read More
In early 2018 Leta Capital launched its second fund to invest in promising software technologies. As much as $50 million were contributed by Alexander Chachava, the founder and CEO of IT security solution provider Leta Group, and a few family offices, told us fund partner Sergey Toporov. Among the investors are also the founders of …
Leta Capital’s new $50 million fund helps software startups “eat up the world” Read More
Da Vinci Capital, a major EBRD-backed Russian private equity firm, has invested an undisclosed amount in DataArt in exchange for “a substantial, non-controlling interest” in the company. Founded in 1997, DataArt is a New York City-headquartered company with roots and R&D teams in Ukraine and Russia. It has become a major global tech consultancy that designs …
Stalker Fund, a VC firm with Austrian roots, has invested €3 million in Another World, which develops virtual reality location-based entertainment (VR LBE) offers. The deal was closed in August, but was made public only recently. Founded by a Russian team, the startup has its headquarters registered in Cyprus, even though it kept its R&D team in …
Russian-founded VR gaming startup secures €3 million to develop across Europe Read More
RealtimeBoard, a startup with Russian roots which offers a visual collaboration tool for distributed teams, has raised $25 million in California. This Series A funding round was led by Accel, with participation from existing investor AltaIR Capital, a seed stage fund with Russian and Israeli roots. Another investor in RealtimeBoard is Dutch businessman Bas Godska, …
Russian-founded software publisher RealtimeBoard raises $25 million in California Read More
Several news came last month from Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber earlier this year. The company bought the software assets of a Moscow-based company, Nowtaxi. The software supports the accounting of operations with affiliated drivers and provides related analytics. Formally, the software assets, not the company, have …
Yandex.Taxi asserts market leadership, announces new acquisitions Read More
Earlier this month, as the Open Innovations forum gathered thousands of Russian and foreign participants on the outskirts of Moscow, the Skolkovo Foundation signed agreements with Chinese players. As reported by Skolkovo news portal Sk.ru, the Russian tech hub agreed with Chinese telecoms giant Huawei to set up a joint innovations center. The R&D effort …
Skolkovo develops R&D and venture projects with Chinese players Read More
Foodza, a startup that organizes direct supplies of fresh fruit and vegetable to retail stores, restaurants and cafés, recently secured $1 million in a round of funding led by Mail.Ru Group. Among the other participants in the deal are Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov; FJ Labs, the investment …
Wallarm, a cybersecurity startup with Russian roots, announced yesterday the completion of a $8 million round in California. The round was led by Toba Capital with participation from Partech Ventures and Gagarin Capital (which had invested in the company’s previous round) and Y Combinator (from which Wallarm graduated in 2016). “Given the growing sophistication of …
Following a Kremlin initiative, 15 big Russian corporations from the metallurgical, chemical and oil industries are likely to become unenthusiastic high tech and social investors. This past July, the Kremlin administration announced its intention to take 500 billion rubles (some $7.7 billion at the current exchange rate) out of the corporations’ “superprofits.” These corporations include Alrosa, Evraz, Magnitogorsk Iron …
Kremlin requests big corps to contribute to giant state-directed tech investment plan Read More
Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired ATAPY Software, as reported by online publication Rusbase. The terms of the deal have not been disclosed. Based in Novosibirsk, Siberia, ATAPY Software provides a variety of custom software development services in the fields of document workflow, document imaging, data capture, optical character recognition (OCR), …
Abbyy and Softline invest in document software technologies Read More
