Earlier this month Russian state atomic energy corporation Rosatom announced that it will inject 6 billion rubles (a little more than $100 million at the current exchange rate) in a corporate venture fund. Earlier this summer President Putin urged Russia’s largest corporations, including Rosatom, “to create subdivisions that will work closely with startups and small …
Last week DataSine, a Russian-co-founded startup based in London, announced that it secured €1 million for its business expansion. The pool of investors included Sistema VC, the venture arm of the Russian conglomerate Sistema, Force Over Mass, a London-based venture fund, and C.Entrepreneurs, a joint venture of Cathay Innovation and BNP Paribas Cardif. DataSine’s proprietary …
Cherry Labs, a Russian-founded startup an AI-powered solution of which “provides your family with the safest, smartest and most-private home possible,” secured $840,000 from Gagarin Capital, a US-based venture fund with Russian roots, and two Russian funds — Impulse VC and Altair Capital. The round also involved such individual investors as Alexander Agapitov, Yuri Gursky, …
Russian-founded AI startup secured $840,000 to “redesign home security” Read More
SOLventures, a Russian venture fund focusing on IT and e-commerce projects, has just taken part in a $3 million round of funding for Armenian food delivery startup Menu Group. The round also involved such US-based funds as Perea Capital and Hayastan 1. Menu Group, which touts itself as “the leader of the restaurant food delivery …
Russian and US funds team up to support Armenian food delivery startup Read More
Earlier this month Russian cell phone operator MTS acquired a majority stake (50,82%) in Oblachyi Retail (“cloud retail” in Russian) for 620 million rubles ($10.8 million at the current exchange rate). The news was reported by local online publication Firrma.ru based on its exchanges with MTS. The funding includes 30 million rubles (roughly $525,000) for debt repayment, …
Russian mobile operator invests $10.8 million in local retail software developer Read More
Torino-based startup Biotechware has just secured €2 million euros from MEDME Group, a Russian digital health investor targeting Western Europe. Biotechware develops hardware and software solutions to collect and transfer clinical information coming from different sources without altering the information. One of these solutions has been designed to collect and process remotely electrocardiographic (ECG) monitoring …
Russia’s Medme invests in Italian connected healthcare startup Read More
Last week Rusnano Sistema Sicar, a Russian private equity fund, announced that it will invest $6 million in Apis Cor, a startup originated from Siberia which has designed a 3D printing technology for the construction industry. The Apis Cor 3D printer is a mobile robot is a mobile robot capable of constructing buildings using fine-grained fibre concrete with special additives. It can build …
Artificial intelligence tends to find applications in virtually every field today, and HR is no exception. A Russian startup called Stafory, launched two years ago with less than $10,000 in capital, has created a recruiting robot called ‘Vera’ (‘faith’ in Russian). Stafory initially developed an online platform intended for companies to interact more efficiently with …
This robot is entering the US market after automating recruitment in 220 Russian companies Read More
Panzerdog, a Finnish-Russian mobile gaming startup, has secured a €800,000 seed stage round from Mail.Ru Games Ventures, the games investment division established earlier this year by Mail.Ru Group. This is the first investment made by the division, which says it has considered “nearly 500 applications” before choosing Panzerdog. “Mobile games are the main driver of …
Finnish-Russian game startup Panzerdog secures €800,000 from Mail.Ru Games Ventures Read More
Just a few months after a Eurobond issuance of $30 million, SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, has secured an equity investment from the SBI FinTech Business Innovation Fund LPS. Neither the amount nor any details of the deal were disclosed. The fund, with a capital amounting to JPY 30 billion ($271 million), …
Japanese fund invests in Russian online micro-lending platform SimpleFinance Read More
Last week at the Eastern Economic Forum three major Russian institutions – the Far East Development Fund, the fund of funds RVC, and nanotech giant Rusnano – signed a partnership to launch a new regional venture fund. Dubbed ‘Far East high tech development and implementation fund,’ the new investment vehicle aims to develop innovation and …
New state-backed venture fund aims to invest $175 million in the Russian Far East Read More
The Blackmoon Crypto Platform, which presents itself as “a one-stop solution for asset managers to create and manage legally compliant tokenized funds,” has raised over $20 million in just one day through an ICO launched on September 12. On September 1, the startup raised $10 million through a pre-order campaign which started on August 5. …
