Venture / Private equity

Alibaba leads $18 million round for AR/VR car navigation startup WayRay

March 17, 2017

Wayray, a startup with Russian origins which has developed “the first holographic car navigation system,” has attracted $18 million in a Series B round led by Alibaba and other undisclosed investors. Headquartered in Lausanne, Switzerland, WayRay builds heads-up displays for drivers, as well as fully augmented reality and virtual reality immersive systems intended for eventual …

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Russian entrepreneur success story: Job Today gets $35 million in media-for-equity from major media investors

March 14, 2017

Three media investors — Astremedia (Spain), German Media Pool VC and RTL Germany — have inked a media-for-equity deal worth $35 million with Job Today, reports TechCrunch. Launched in 2015 by two Russian entrepreneurs, Eugene Mizin and Polina Montano, Job Today has developed a job finder app which currently operates in four cities of Spain and the UK. The startup, which claims to …

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Intel’s acquisition of Soft Machines confirmed; Russian state-backed funds exited with profit

March 3, 2017

Intel has acquired Soft Machines, a Santa Clara-based chip designer operating in the USA, India and Russia. The US corporation bought the stakes of the existing investors, which included two Russian state-owned corporations, the fund of funds RVC and nanotech giant Rusnano, along with AMD, Samsung and other companies. Revealed by the media in September last year, the deal …

Intel’s acquisition of Soft Machines confirmed; Russian state-backed funds exited with profit Read More

From Moscow to Berlin, Tel Aviv and New York: How a $300-million Russian venture fund is going global

March 1, 2017

Illustrating the internationalization of Russian venture activity, Target Global now operates from three offices located in Berlin, Moscow and Tel Aviv. Initially known as Target Ventures, the fund was launched in 2013 to invest in a variety of segments in the digital consumer space. It has got $300 million under management from its backers, who are …

From Moscow to Berlin, Tel Aviv and New York: How a $300-million Russian venture fund is going global Read More

Russian drone maker attracts €1 million

February 23, 2017

Aviasolutions (“Aviaresheniya” in Russian), a manufacturer of industrial drones based in Kazan, Tatarstan, has attracted around €1 million from undisclosed individual investors. The deal was reported last week by Russian online publication Firrma.ru. Thanks to this capital injection, the company will start small-scale manufacturing of ‘FLYP,’ their latest industrial drone model for commercial purposes as pilot projects …

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German data center Darz invests in Russian video game streaming service

July 24, 2017

Darz, a major German data center company, has invested $1.5 million in the Russian startup Playkey. The deal, the terms of which have not been disclosed, was reported earlier this month by the Russian media and by Skolkovo, the international tech hub located near Moscow which hosts the startup. Playkey is a cloud gaming service …

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Swedish and Russian funds invest in two Russian fintech startups

February 16, 2017

Russia’s Baring Vostok and Sweden’s Vostok Emerging Finance (VEF) have invested up to $20 million in two Russian startups: Sorsdata, which is developing a consumer marketing and analytics solution, and Revo Technologies, which offers a crowdsourced microcredit service for online consumers. The deal, which took place last month, was confirmed to East-West Digital News by Björn von Sivers of VEF. The Swedish …

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Runa and Alven invest in French startup Keymetrics, “the next leader in Node.js”

February 12, 2017

Earlier this week Runa Capital, a venture fund with Russian roots operating globally, and Alven Capital, a Paris-based fund, announced an investment in Keymetrics. This French startup has developed a SaaS monitoring service for server infrastructure. making it easier for developers to build Node.js apps. Keymetrics raised $2 million in total in this round, including $1 million …

Runa and Alven invest in French startup Keymetrics, “the next leader in Node.js” Read More

Bank Saint Peterburg to launch corporate venture fund and ‘VC Lab’

February 9, 2017

Bank Saint Peterburg, a major Russian bank, will soon have its own venture fund and a “VC Lab.” These plans were unveiled at ‘Innovate or Die ‘ an industry conference held in Moscow earlier this month, by the bank’s VP Investment Direction Anna Gurevich. The $30-million fund will focus on early stage projects in the fields of …

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Russia’s Sistema Asia Fund leads $6 million round for Indian fashion discovery app

February 13, 2017

Russia’s Sistema Asia Fund has just led a $6 million round of financing  for Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery app for women. The news was reported on Monday by Vedomosti, a leading Russian business daily, based on exchanges with a fund representative. An unnamed source close to the fund added that Sistema …

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Russian startup raises $2.5 million to provide American families with next-gen home cinema

September 4, 2017

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian, Russia’s leading startup fund) announced that it injected 150 million rubles, or around $2.5 million, in Multikubik in exchange for a minority stake. Also known as Cinemood, this Moscow-based startup has developed mini cinema projectors for children. The funding will go to manufacturing, R&D and international expansion, with the USA as the primary …

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St. Petersburg city authorities launch venture fund to support information technologies and light industry

February 1, 2017

The St. Petersburg city authorities have decided to launch a venture fund to support local startups in the fields of information technologies and light industry. Planned for launch this year, the fund will initially amount to 250 million rubles (approximately $4 million at the current exchange rate). Startups will be able to raise from 1 …

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