Venture / Private equity

New York online art marketplace with Russian co-founder raises $50 million

July 20, 2017

Artsy, a US startup whose platform allows people to learn about visual art and explore buy or sell opportunities, has just raised $50 million in equity funding at a $225 million pre-money valuation, TechCrunch and Pitchbook reported yesterday. In the long list of investors is Darya (Dasha) Zhukova, the wife of Russian billionaire Roman Abramovich and a figure …

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Russia and China announce new joint investment programs exceeding $12 billion

July 18, 2017

Over the past weeks, illustrating the growing ties between the two countries in the field of innovation, several Russian state-owned funds and banks have signed agreements with Chinese counterparts. The combined amounts of these programs, which  are partly dedicated to high-tech projects, may exceed $12 billion. VEB-Harbin Bank The first of these partnerships, which was …

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Finnish CapMan takes minority stake in Russian online marketing agency

July 14, 2017

CapMan, a Finnish private equity fund manager, has acquired a minority stake in Kokoc Group, a major Russian online marketing agency. Neither the amount nor the terms of the transaction, which took place last month, have been disclosed. The investment will be used to acquire new companies and expand the group’s range of services. “Kokoc …

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Russian exoskeleton maker raises $2 million in South Korea to develop in Asia and beyond

July 9, 2017

ExoAtlet, a Russian startup that makes exoskeletons to help disabled people walk again, has raised $2 million in private investment and state grants in South Korea to develop activities in Asia. The company aims to develop clinical trials on the local market, and to create a high-quality manufacturing base in South Korea to enter the markets …

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Russian food delivery market heats up: AddVenture invests $5 million in Grow Food

July 25, 2017

In a new illustration of VC interest in the Russian food delivery market, Grow Food has attracted $5 million from AddVenture, a Moscow-based fund, the Russian business daily Kommersant reported last week. Currently, the startup offers food deliveries to athletes on a subscription basis. Customers may pick one of two weekly eating programs. The tariffs …

Russian food delivery market heats up: AddVenture invests $5 million in Grow Food Read More

Runa Capital leads €4 million round of funding in French childcare service

August 14, 2017

Last week Yoopies, a major player in the field of online childcare and home care services in France, announced that it raised €4 million in equity funding. The Series A round involved Runa Capital, an international venture fund with Russian roots, and Paris-based fund XAnge. Runa brought in two-thirds of the funding amount, Yoopies’ CEO Benjamin …

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From international sanctions to mismanagement: How Wikimart.ru went bankrupt after raising dozens of millions from international investors

July 12, 2017

Last month this Russian B2C e-commerce marketplace shut down, putting an end to a long agony. Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition to create a Russian analog of eBay. The project was heavily funded by Western investors, with Tiger Global Management investing some $30 million …

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Grishin Robotics teams up with Shakira and Gérard Piqué to back enigmatic US startup

September 7, 2017

Grishin Robotics, an international venture capital fund with Russian roots, has led a $14 million round of financing for Wonder, a Los Angeles-based startup which is developing an “all-in-one and one-for-all-gamers” product with a focus on virtual reality (VR) features. The startup makes much ado about what it says will be a “new type of …

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GroozGo: 3rd investment in a row in Russian online cargo transportation projects

July 4, 2017

Illustrating the growing traction of the online cargo transportation market, Moscow-based logistics services provider KPD-Cargo has acquired a majority stake in online trucking service GroozGo for $2.1 million. Reported earlier this month, the deal move came just two months after a competing Russian project was announced, and almost simultaneously with another funding round for Deliver, which attracted …

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Almaz Capital and Sistema VC invest $4 million in US mobile travel service

June 27, 2017

Almaz Capital, an international venture fund with Eastern-European roots, and Sistema VC, the venture arm of the Russian conglomerate Sistema, have invested $4 million in a US mobile travel app called FinalPrice. With FinalPrice’s iOS mobile app, users “get access to the secret cache of ultra-low prices on flights, hotels, and car rentals” for $99 per …

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Top Russian and Singapore investors inject $8 million in online freight service

June 25, 2017

Confirming the appeal of the online cargo transportation market, Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a substantial round of funding. The move is coming just two months after a competing Russian project was announced, and a few weeks after the international launch of Uber Freight. The Russian fund Inventure Partners has just …

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Russian team secures $7 million through Initial Coin Offering to “revolutionize zirconium dioxide production”

August 29, 2017

Illustrating the growing traction of blockchain technologies in the country, a team of Russian scientists and financial experts has just raised $7.07 million from 3,955 backers on a blockchain-based crowdfunding platform. Dubbed ‘ZrCoin,’  the project consists in building a factory to recycle metallurgical waste using an innovative technology. The team presents their project as “the first-ever …

Russian team secures $7 million through Initial Coin Offering to “revolutionize zirconium dioxide production” Read More

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