InVenture Partners, a major Moscow-based fund, has sold its share in Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine. The news was reported earlier this month by Russian business daily Vedomosti. The stake was acquired for an undisclosed amount by private equity funds Baring Vostok Capital Partners and …
Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced its intention to invest 195 million rubles in Personal Medication & Health Management (PM&HM). In exchange for this capital injection (the equivalent of $3.3 million at the current exchange rate), the fund will receive a 35% …
Russian startup raises $3.3 million to reduce side effects of drugs Read More
About six years ago, a number U.S. venture investors were bullish about Russia’s startup scene. Well-known VCs like Accel and Intel Capital led rounds for emerging Russian Internet brands. Cisco also targeted the region, backing a fund focused on Russia and Eastern Europe. In 2012, the peak year for cross-border deals, U.S. VCs backed nearly 50 rounds for Russia-based startups. But that was …
Three major Russian institutions — the Far East Development Fund, national fund of funds RVC and nanotech giant Rusnano —have ambitious investment plans for their new Far East venture fund that will support technology development in this far-flung Russian region. Dubbed “Far East High Tech Development and Implementation Fund,” the new investment vehicle aims to …
New state-backed venture fund aims to invest $175 million in Russia’s Far East Read More
Last month Winstrike, a Russian globally-oriented eSports company, has attracted $10 million from private investor Nikolai Belykh and several business angels. The news was reported by Vedomosti based on its exchanges with Jaroslav Komkov, Winstrike’s CEO, and the investor. Belykh will receive a 25% stake in the company, the Russian business daily reported. The funding will be …
Russian eSports company attracts $10 million to expand in Russia and internationally Read More
CarMoney, a Russian startup which allows you to borrow money against your car, attracted a $10 million bridge round from Russian business angels. The investors the names of whom remain undisclosed acquired a minority stake in the company. The news reported last week by the local tech blog Firrma.ru. The fresh capital will be used …
Money lending startup CarMoney secures $10 million from local investors Read More
Last week the Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, announced that it took part in a $1 billion Series D round of investment in Chinese e-car maker NIO. Led by China-based Tencent Holdings, the round also involved several institutional investors from the United States, Western Europe, Asia and …
Just days after Russia’s Sistema Asia Fund invested in the Indian healthcare startup Netmeds, Altair VC, a fund with Russian roots operating internationally, participated in a $5 million round for another Indian healthtech startup, DocTalk. The deal was reported last week by the Times of India. Led by two California-based funds — Matrix Partners and Khosla …
Altair VC teams up with international investors to back Indian healthcare startup Read More
Leaked files have just highlighted the connections of Yuri Milner, a top Russian-born international tech investor, with a Russian state-controlled financial institution. While seeing in these connections “a long Kremlin arm,” the international journalist consortium which analyzed these files omitted to point out many other cases of Russian money fuelling powerful tech companies in the US and elsewhere. However, …
Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam have injected $14 million in the Indian healthcare startup Netmeds. Among the earlier investors in the startup are investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family. Sistema Asia Fund targets …
Russian and Cambodian investors team up to back Indian healthcare startup Read More
The Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, has invested an undisclosed amount in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The news was reported yesterday by Vedomosti. The business daily cited RDIF CEO Kirill Dmitriev, who did not specify the date of the transaction. The …
Hyperloop One attracts new funding from state-backed Russian-Chinese fund Read More
Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups. Just months ago Inventure Partners invested $3 million in a …
Russian investors back French online freight service Convargo Read More
