The Untitled, one of the most established VC firms investing across Russia and Eastern Europe, has analyzed investment deals involving startups founded over the past 10 years in Russia or by Russian entrepreneurs. The research covered the deals completed from December 2020 to November 202. It was conducted jointly by The Untitled and Rusven, an influential Telegram …
Mircod, a Russian “IoT-as-a-service” company, has just received 400 million rubles ($5.4 million) from state-owned development corporation VEB.RF via its affiliate fund VEB Ventures, reports business daily Kommersant. Established in 2016 in Tatarstan, a tech friendly region of Russia, Mircod enables rapid prototyping of IoT products and solutions. It has developed a “centralized platform to automate the development of IoT …
Russian IoT startup receives $5.4 million in state money to develop in Western markets Read More
The Russian online education platform Synchronization, launched by in 2015, has raised $2.25 million, reports business daily Kommersant. The round was led by investment holding Avenir and Rusagro co-owner Maxim Basov. The deal also involved Adfirst VC as well as individual investors Stas Korostelev, Mikhail Tsyferov, Anton Volkov and others. The platform offers courses in …
StudyFree, an edtech startup born in Russia in 2018, has just secured $3 million to continue its international expansion. The investor pool includes I2BF Global Ventures and TMT Investments, two funds with Russian connections, Techstars, as well as Andrey Doronichev and Mikita Mikado. The former, Google’s ex-director of product management, is a figure of the Russian-speaking community …
Russian-born startup raises $3 million to make students’ education dreams come true Read More
Baring Vostok, a leading Moscow-based PE/VC firm operating essentially in Russia and neighbouring countries, has invested $13 million in a customer data platform for marketing automation called Mindbox. The terms of the deal were not disclosed, but Forbes Russia reported that Baring had received a minority stake in exchange for its investment, while Mindbix employees were …
Baring Vostok invests $13 million in leading Russian marketing automation company Read More
In June this year Flint Capital, a Boston-based venture firm with Russian roots, closed its second venture fund, attracting $103 million to invest in startups from Seed, to Series A and B stage startups. The firm publicly announced its new fund only this week, as it already invested in no less than 18 startups with two successful exits — Loom …
Flint Capital’s new $103 million fund already claims two successful exits Read More
Less than one year after securing its Series A round ($3.5 million), TraceAir, a construction software startup with Russian roots, has attracted $5 million from Flashpoint Venture Capital, reports Rusven. Founded in 2015, TraceAir has developed a cloud platform to help construction companies control quality and costs with the help of drone data, smart analytics and an …
This VC Camp in the UAE will uniquely combine networking, learning, and adventure. Reserved for tech investors, this event offers a rare opportunity to find partners, discuss deals, learn from each other — and have loads of fun! Camp features include: Interactive masterclasses and group discussions Desert survival and best practices Sand buggies and 4×4 ride through sand dunes …
Venture Camp in Dubai: A breathtaking business and leisure experience! Read More
The ‘Fund for Technological Investments,’ a newly registered startup investment vehicle, made the news in Russia last week. This was due neither to any impressive investment capacity (just around 3 million rubles, or $40,000, per deal), nor to any special investment thesis. What is less common is the identity of one the instigators of this …
Kek Entertainment, a Moscow and Cyprus-based “gaming video creator,” has attracted $3 million in pre-seed funding to develop mobile action games. This is “the largest pre-seed round ever in a gaming startup from in Russia or neighboring countries,” the participants in the deal claimed. The company started in September and is hiring. It was founded by two former …
Earlier this month Tizzi, a Russian “sexual wellness” startup founded in 2019, announced the completion of its second investment round, attracting 80 million rubles (around $1.1 million). The funding was provided by Mikhail Ryvkin — a business angel who already invested in such projects as ‘Gym-Gym’ and ‘Bright Kitchen’ — alongside an undisclosed “international family office.” Tizzi …
International family office invests in Russian sexual wellness startup Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a quarterly review by EWDN Chief Editor Adrien Henni highlighting the most notable industry facts and trends across the region. More than with tech innovations, Russia made the news this past summer by staging …
