Venture / Private equity

Russian billionaire invests more than $20 million in online education platform

August 17, 2017

Illustrating the growing interest of Russian corporations in online education, Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has just acquired a 40% stake in Netology Group. The shares were sold by previous Netology investors, the Russian funds Buran Venture Capital and InVenture Partners, which fully exited the company. The financial terms of the deal have not …

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Russian Sistema invests €2.6 million in Lithuanian drone operator for power networks

August 16, 2017

Sistema Finance, a subsidiary of the Russian conglomerate AFK Sistema, has paid €2.6 million to acquire a 50% stake in a Lithuanian drone operator. Laserpas provides surveillance and high-precision monitoring solutions for large power line operators worldwide. The company employs electric- and petrol-powered long-range unmanned aerial vehicles (UAV) to gather considerable volumes of data “at an unprecedented …

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New fintech fund targets startups operating in Russia or founded by Russians

August 15, 2017

Russia’s fintech investors are not asleep in the summer with yet another fund announced last week. Dubbed ‘Target Global Fintech Opportunities,’ the new investment vehicle will target fintech startups operating in Russia, or abroad with Russian founders, or foreign ones with plans to enter the Russian market. Sergey Solonin, a co-founder of payment service provider Qiwi, …

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New fund Viaduct Ventures aims to bridge Eastern European with Silicon Valley

August 13, 2017

In late July a Russian fund management team announced the launch of Viaduct Ventures Fund 1, “to bridge early-stage startups from Eastern Europe with Silicon Valley,” focusing on Fintech, Big Data and IoT projects. The fund aims to raise $50 million, Viaduct Ventures Managing Partner Vadim Balashov told East-West Digital News. Its offices are located in Mountain …

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Yandex and Sberbank agree $500 million JV plan to create “leading e-commerce ecosystem” in Russia

August 14, 2017

Yandex, the NASDAQ-listed Russian search giant, and Sberbank, Russia’s state-owned national savings bank, announced today their plans to join forces and create “a leading e-commerce ecosystem” based on the Yandex.Market e-commerce marketplace. The deal, if confirmed, would mark the biggest e-commerce investment in Russia’s history. According to a non-binding term sheet — which will ultimately be …

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Russian indoor navigation startup raises $900,000 to develop across Europe and the USA

August 8, 2017

Navigine, a Russian-American startup that develops indoor navigation and tracking systems, has just raised $900,000 in funding from a pool of Russian, Finnish and US investors represented by Finnish investment firm Innovestor. Among these backers is US angel investor John Ason, who was Navigine’s mentor in a Russian accelerator program in New York last year, reports the Skolkovo …

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Russian funds launch giant investment programs on the global fintech scene

August 3, 2017

As global fintech investment might reach new heights this year, Russian players are in the game with several Moscow-based firms announcing plans to invest massively in this industry. Thus two asset management companies, Fintech Capital and Da Vinci Capital, are launching a $200 million debt finance fund for fintech companies. FinTech Capital is owned by ID …

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Russian mobile acquiring leader Smartfin secures $3 million for further R&D and potential M&A

July 28, 2017

Smartfin, a Moscow-based provider of mobile acquiring solutions for SMBs (operating under the brands 2can and ibox), has secured $3 million from several funds under the management of Da Vinci Capital. Inventure Partners, one of the early investors in the company, also took part in the round, which was announced earlier this week. “Since our first investment in 2can and ibox, the …

Russian mobile acquiring leader Smartfin secures $3 million for further R&D and potential M&A Read More

Russia’s Finstar to invest $150 million in fintech startups over five years

July 25, 2017

Russian private equity firm Finstar has announced plans to invest $150 million in fintech startups over the next five years. Finstar will invest between $500,000 and $30 million in three to six deals a year in seed and Series A rounds, said Oleg Boyko, chairman of Finstar (pictured). The firm isn’t new to fintech investments, having previously backed …

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Mitsui chefmarket

Russian startup Chefmarket attracts $3.5 million from Mitsui

July 25, 2017

The Moscow-based food delivery startup Chefmarket.ru has just secured $3.5 million from Mitsui & Co — just one year after the Japanese corporation led a previous $1.5 million round. “Mitsui has designated retail and services, including e-commerce and TV shopping, as one of its key domain, and is expanding its presence through various investments. After a small …

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Russian game streaming startup raises $2.7 million to expand across Western and Asian markets

July 24, 2017

Playkey, a Russian cloud gaming startup, has just attracted 160 million rubles (approximately $2.7 million at the current exchange rate) in equity funding from the Internet Initiatives Development Fund (IIDF, or FRII in Russian). The information was confirmed by Playkey’s PR manager Maria Trushnikova in an exchange with East-West Digital News. Playkey’s technology allows users to play the latest …

Russian game streaming startup raises $2.7 million to expand across Western and Asian markets Read More

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

July 27, 2017

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 will organize 30 pitches from select tech companies, and 300 one-to-one meetings to match some 150 attendees. …

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

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