Venture / Private equity

Russian space agency Roscosmos launches venture fund

Roscosmos, the Russian space agency, has launched a venture fund to support space innovation in Russia, said Roscosmos General Manager Igor Komarov last week in an interview with TASS. The new fund will support innovative projects in the space industry, including the small satellites production and light missile carriers development, student-oriented initiatives, as well as innovation centers …

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Target Global launches €100 million venture fund to invest in Europe and Israel

Target Global, an international VC firm based in Berlin, announced today the first closing of a new €100 million fund focused on early stage investments. Dubbed ‘Target Global Early Stage Fund I,’ the fund will focus on seed and A rounds, expecting to support up to 20 companies throughout its lifetime. Focus will be made …

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Goldman Sachs invests $15 million in Russian data center

Yesterday IXcellerate, a UK-headquartered operator of datacenters in Russia, announced it has secured a $15 million convertible loan from Goldman Sachs. The bank Goldman Sachs, which will hold a 25% stake after conversion, has become the third key investor in IXcellerate after IFC and Sumitomo Corporation. Since its launch in 2011, IXcellerate has attracted $35 million …

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Siberian ride-hailing app with alternative business model secures $5 million

Ride-hailing app inDriver has raised a $5 million Series A round from Leta Capital, TechCrunch reports. This startup from Yakutsk, Siberia 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. “inDriver does not influence price formation and does not take a commission …

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High-level networking event for tech companies and investors from across Europe (Monaco, Oct. 5-6)

Small and big startups from Eastern Europe, including pre-IPO ones, have an opportunity to present themselves to a bevy of high-level international investors, tech journalists, and financial analysts in Monaco on October 5-6 in Monaco. Monaco Tech Invest is also open to Eastern European investors willing to network with their Western peers and get acquainted with …

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Russia and Japan launch joint $1 billion fund to invest in healthcare, industrial and tech projects

Last week at the Eastern Economic Forum in Vladivostok the Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) announced the launch of the Russia-Japan Investment Fund (RJIF), after completion of the registration and establishment procedures. The launch follows a Memorandum of Understanding (MoU) signed in late 2016 in which each party …

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Grishin Robotics invests in stationless bikesharing across the world to “make smart cities a reality”

Grishin Robotics, an international venture fund with Russian roots, is investing massively in bikesharing platforms. Over the past four months the fund has completed no less than three deals in this segment: In May, it led an $8 million Series A funding round for Spin, a pioneer in this field in the US market. Exponent, CRCM, as well as Quora …

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Elementaree raises $2 million: Russia’s food delivery market heats up

The Russian food delivery startup Elementaree.ru has secured $2 million from several investors, including venture capitalists Ilya Ogai (UFG Private Equity) and Boris Zhilin (Avenir) and Veeam Software Senior VP Anton Antich. The news was reported last week by Vedomosti, which cited exchanges with the startup and with these investors. The startup’s founder Olga Zinovyeva …

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AddVenture invests in Russian robot lawyer

AddVenture, a major Russian venture fund, has led a round of funding of “more than $1 million” to support Pravoved.ru, a huge Russian legal consulting platform. The transaction has valued the company at $10 million, reports Forbes.ru, citing exchanges with Pravoved.ru and AddVenture. A part of the funding will be used to complete the development of Pravoved’s …

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Dmitry Schuetzle on the Russian digital revolution: “The impact will be as deep as the country’s electrification in the early 20th century”

In this op-ed, Dmitry Schuetzle, Managing Partner at VIY Management (VIYM), shares his vision of the current digital revolution and its implications in the field of private equity. “The potential for digitalization is increasingly one of the most important investment criteria that we look at when assessing potential investments,” he writes, providing examples from his firm’s …

Dmitry Schuetzle on the Russian digital revolution: “The impact will be as deep as the country’s electrification in the early 20th century” Read More

Laser-plasma technology startup secures $1.8 million from Russian industrial group

Russian startup Optogard Nanotech has secured 110 million rubles (some $1.8 million at the current exchange rate) in equity financing from Garant, a Russian group investing in industrial projects, as reported by Skolkovo Foundation. Optogard Nanotech has developed a laser-plasma technology for strengthening the surfaces of metals and alloys, such as the inside of pipes. The Optogard …

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Russian crowdsourced delivery startup secures new funding to expand across the globe

The Russian crowdsourced courier service Dostavista has raised $2.25 million — less than one year after a previous round of funding — from two major Russian VC funds, Buran Venture Capital and AddVenture. The news was reported by business daily Kommersant, which cites exchanges with the startup and the investors. The new funding will allow …

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