ExoAtlet, a Russian maker of rehabilitation exoskeletons to help disabled people walk again, has raised $5 million from Korean Cosmo & Company. The funding is coming in addition to a previous round last year from the same investor. In 2016 ExoAtlet obtained official certification to sell its exoskeletons in South Korea. A local subsidiary, ExoAtlet Asia, was …
Just two months after the Russian cybersports market witnessed two major acquisitions and a $30 million ICO, Gosu.ai, a Russian-founded startup from this industry announced via Twitter that it attracted $1.9 million in funding. The round was led by Runa Capital, a VC fund with Russian roots, with participation from its existing investor Sistema VC, the venture arm …
Russian-Lithuanian startup Gosu.ai raises $1.9 million from Russian and French investors Read More
AddVenture and Target Global Fintech Opportunities have injected 60 million rubles (roughly $1 million) to support Pravoved.ru, a legal consulting platform, the Russian media reported last week. The Pravoved legal consultants serve 7 million users per month — a record in Russia and even Europe, claims the company. The data accumulated over the years by this remote legal …
Russian robot-lawyer secures $1 million from two major funds Read More
Earlier this month Russian startup Try.fit attracted €600,000 in a pre-A round at a €8 million pre-money valuation. The deal was confirmed to East-West Digital News by Vagan Martirosyan, Try.fit’s CEO and founder. Paricipants in the deal included existing investors Futurtech Middle East, 1С – a leading enterprise software publisher in Russia, – business angel …
Russian 3D foot scanner secures €600,000 from local and international investors Read More
Born in Soviet Kazakhstan, Oskar Hartmann emigrated to Germany as he was still a child. In 2008, at the age of 27, he moved to Russia with the aim to launch his first business. He founded KupiVIP, Russia’s first flash-sales fashion site. Supported by international investors, and taking advantage of the opportunities of the Russian …
Oskar Hartmann: “Everything is the same in Russia, but just comes a little bit later” Read More
Ozon Holdings, one of the most established Russian e-commerce companies, — sometimes dubbed, with some exaggeration, ‘the Russian Amazon,’ — will receive 3.5 billion rubles and possibly up to 5.25 billion ($61 million and up to $92 million at the current exchange rate) from its existing shareholders. The better part of the capital injection will …
Russian e-commerce appeal: Ozon shareholders to inject up to $92 million in the company Read More
Grishin Robotics, an international venture fund with Russian roots, was among the investors in Ring, a global manufacturer of home security products which has just been acquired by Amazon at a $1 billion valuation. The Ring devices, which provide “smart security at every corner,” can integrate with Amazon’s voice-controlled assistant Alexa — and there’s a potential …
“Next years promise to be no less interesting,” says Grishin after Ring’s $1 billion deal Read More
Alexander “Sasha” Galitsky, Ph. D., is co-founder and managing partner at Almaz Capital Partners, one of the most prominent international funds with roots in Eastern Europe. This interview is an excerpt from “Startup Investment & Innovation in Emerging Europe,” a research study just released by East-West Digital News. Which technologies are CEE startups strongest …
How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in lesser known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many …
Earlier this month HealthifyMe, which presents itself as India’s leading e-health and fitness platform, announced the completion of a $12 million series B round of funding led by Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema. The round also involved Silicon Valley-based Samsung NEXT, Singapore’s Atlas Asset Management and …
Russia’s Sistema Asia Fund invests in Indian startup offering “world’s first AI coach” Read More
Last week MTS, a leading Russian mobile operator, announced the acquisition of a 100% share in Ticketland.ru and a 78.2% share in Ponominalu.ru, two leading event ticket operators in the Russian market. MTS says it expects to establish itself as a leading ticket operator in Russia. The deal “will allow the company to broaden its …
MTS acquires two event ticketing companies, aims for market leadership Read More
Wargaming, the famous Belarusian game publisher, has teamed up with VRTech to make the popular tank battles of the World of Tanks available in virtual reality (VR) format. To this end, the two companies intend to inject $16 million in a dedicated joint venture named Neurogaming, as reported in late January by the Russian business …
Belarusian Wargaming and Russian VRTech invest $16 million in VR gaming company Read More
