Venture / Private equity

Russia’s SimpleFinance secures $15 million from Japanese fund SBI

September 14, 2018

SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, has agreed a $15 million equity investment deal with the Japanese fund SBI FinTech Business Innovation Fund LPS. The fund’s total capital commitment to SimpleFinance now stands at nearly $50 million, taking into account a first round of funding just one year ago. Launched in 2015, SimpleFinance offers …

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Dostavista raises $2 million from Russian and US funds

September 12, 2018

The Russian crowdsourced courier service Dostavista has secured $2 million — one year after a previous round of funding — from its existing investors, the Russian VC funds Buran Venture Capital and AddVenture, and FJ Labs, a New York based investment firm founded by Fabrice Grinda and Jose Marin. The news was reported yesterday by business daily …

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AddVenture leads $8 million round for South Korean home cleaning startup Miso

September 8, 2018

AddVenture, a venture fund with Russian roots operating internationally, has led an $8 million Series A round for Miso, a South Korean home-cleaning service app. Also participating in the round, but with undisclosed contributions, were Y Combinator, Strong Ventures, Social Capital, and FundersClub, according to CrunchBase. Miso was the third startup from South Korea to participate …

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Sistema’s Asian venture arm invests in Indian health product marketplace

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam, have invested for the second time in Indian healthcare startup Netmeds. As reported by Techiexperts, they have just participated (with undisclosed contribution) in a $35 million Series C round which also involved Daun Penh Cambodia Group …

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Russian ride-hailing startup conquers America with a few million (not billion) US dollars in capital injections

August 31, 2018

inDriver, a ride-hailing app with Russian roots now operating internationally, has just raised $10 million from its historic investor, Leta Capital. Born in 2012 in Yakutsk, Siberia, this startup has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. An …

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Moscow-based “funtech incubator” invested in 20 companies in one year

August 29, 2018

The Moscow-based investment firm FunCubator has invested 35 million rubles ($550,000) in PlatformaVR, a Russian VR-oriented game publisher. The deal was closed in April and publicly announced earlier this month. The funding will be used to create new content as well as for PlatformaVR’s international expansion. The startup has “one of the strongest teams in …

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Swedish investor VNV invests $4 million in Busfor

February 15, 2019

Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4 million in the Eastern European online bus ticketing platform Busfor. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …

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House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok

August 20, 2018

The Russian house-call doctor service DOC+ has secured $9 million in a round led by Swedish fund Vostok New Ventures VNV), with participation from existing shareholders Yandex and Baring Vostok Capital Partners. The deal, which took place in the second quarter of this year, according to the VNV’s latest financial report, was reported in details yesterday by …

House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok Read More

Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together

August 14, 2018

Dbrain, a startup that “turns raw data into real-world AI,” has just raised $5.7 million from Angelvest and Bitfury Group. Two distinct deals were closed in late July, the startup’s press service told us: an equity and a private token sale, of $3 million and $2.7 million respectively, with a group of cryptocurrency traders contributing to the token sale. …

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Chinese investors take full control of YotaDevices, the maker of Russia’s first international smartphone

October 15, 2018

Rostec, a major Russian tech corporation, has agreed to sell its 25.1% stake in mobile device maker YotaDevices to a consortium that includes Chinese companies Trinity World Management (TWM) and China Baoli.  [Update Oct. 15, 2018: The deal was cancelled following a decision from the Hong Kong exchange authorities, as reported by Kommersant.] The deal, …

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Two major deals in two months: Indian food delivery startups woo Russian VC billionaires

August 3, 2018

Indian startup Faaso’s has just secured $15 million from an investor consortium that includes Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, Ru-Net, an international fund led by Russian venture magnate Leonid Boguslavsky, as well as Sequoia Capital India, Lightbox and Evolvence India. The news was reported this morning by …

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Oskar Hartmann and Igor Rybakov invest $750,000 in Australian car sharing platform

August 3, 2018

Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov, has invested $750,000 in  Australian car sharing platform Car Next Door. The news was reported last week by online publication VC.ru based on exchanges with fund representatives. Car Next Door defines itself as an online marketplace that provides a booking system and …

Oskar Hartmann and Igor Rybakov invest $750,000 in Australian car sharing platform Read More

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