Earlier this month Rosatom, the Russian state atomic energy corporation, announced that it will inject up to 3 billion rubles ($47.5 million at the current exchange rate), along with other LPs, in a new venture fund christened ‘Digital Evolution Ventures.’ The fund will focus on business solutions for a range of promising industries, not only nuclear related, told …
The Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, has announced the results of its operations since inception. The fund launched in mid-2013 as an instrument to support the emergence of a strong startup industry in Russia. It initially received the equivalent of $200 million – a huge …
IIDF, Russia’s largest startup fund, celebrates 5 years of operations Read More
GdeMaterial, Russian DIY marketplace, has attracted $500,000 from Niels Tonsen, Burkhard Binder and Dominik Picker, co-founders of fashion retailer Lamoda.ru, as well as from Vadim Fedotov, ex-CEO of Groupon Russia and Gazprom-Media Technologies. The news was reported earlier this weeek by Russian business daily Kommersant. Other investors included Impulse VC, a venture fund which is reportedly affiliated to …
Russian DIY marketplace secures $500,000 from international business angels and VCs Read More
iGooods, a Saint Petersburg supermarket delivery service, has attracted 123 million rubles (roughly $1.9 million at the current exchange rate) in exchange for a 24.6% stake in the company. The news was reported by Russian business daily Vedomosti this Monday. The investors included Moscow-based venture fund SOL Ventures, ex-partners at the venture fund Quadriga Capital Russia, …
Russian supermarket delivery service attracts $1.9 million from local investors Read More
After investing $17 million in Telegram’s ICO private presale this past winter, Sergey Solonin, a co-founder of payment operator Qiwi, has committed to invest 220 million rubles (roughly $3.5 million at the current exchange rate) in Skolkovo Digital, the IT fund managed by Skolkovo Ventures, Skolkovo announced on June 1. Skolkovo Digital primarily targets startups in the …
Skolkovo Ventures attracts over $8 million from QIWI co-founder and Russian Helicopters Read More
Sistema VC, the venture arm of the Russian conglomerate Sistema, has taken part in a $26.4 million Series B round for SQream, a New York-headquartered startup offering a GPU database “for fast, scalable SQL analytics.” Announced on May 30, the round was led by Alibaba Group with participation from existing and new investors including Hanaco …
Sistema VC teams up with Alibaba Group to invest in US-based Big Data startup Read More
Sistema VC, the venture arm of the Russian conglomerate Sistema, led a $2.5 million pre-A round for TraceAir, a US-Russian startup which develops construction automation solutions, the fund announced last week. Other participants in the round include US companies Engeo, a provider of geotechnical and environmental services, and Independent Construction Co., which owns “one of the …
Sistema VC leads $2.5 million round for US-Russian startup TraceAir Read More
CardsMobile, a developer of contactless payment solutions, including mobile app ‘The Wallet,’ has raised an undisclosed amount in investment from Alfa Bank, a leading Russian commercial bank, in exchange for a 25% stake. The funding will be used to develop further the app, which allows consumers to save all their loyalty, bank and transport cards in …
Alfa Bank invests in CardsMobile to “fully correspond to the digital future” Read More
In late April Appodeal raised $8 million in a round led by Impulse VC, a venture fund which is reportedly affiliated to Russian billionaire Roman Abramovich. This investment brings the total funding raised to date by the startup to $11.5 million, according to CrunchBase. As part of the deal, the fund has received a minority stake in …
Impulse VC leads $8 million round for Russian-founded Appodeal Read More
Russian billionaire Viktor Vekselberg, who controls conglomerate Renova and heads the Skolkovo Foundation, is one of the 24 Russian businessmen targeted by the new wave of US anti-Russian sanctions announced last month. Thus, Vekselberg may have become a “toxic” figure for Western funds or companies. As revealed last week by The Bell, a Russian online business …
Targeted by sanctions, Viktor Vekselberg becomes toxic figure on the US financial market Read More
Two Russian serial entrepreneurs Mikhail Kokorich and Vadim Makhov have launched a joint investment firm to support B2B companies that use space technologies, Russian business publication Kommersant reported on April 24. Makhov holds a 51% stake in the company, while Kokorich has received a 49% share. Dubbed ‘Oden Holdings Limited,’ the company will target projects …
Russian investors bet on companies using space technologies Read More
SmartPrice, a Russian online platform selling used mobile phones, has attracted “roughly $2.5 million” from several funds and individual investors since its inception last year. The news was reported earlier this week by Russian online publication Vedomosti. The startup was launched a year ago by Alexander Chernyak and Artem Bolshakov, the founders of CarPrice, Russia’s major online …
SmartPrice raises $2.5 million to sell used phones online Read More
