Venture / Private equity

Rostelecom invests in electronic document exchange technology provider

January 27, 2017

CommIT Capital, the venture arm of national telecom operator Rostelecom, has acquired a 25% stake in the document exchange technology provider Transportation Information Technologies (TransInfoTech). The deal was reported earlier this month by Rostelecom. Rostelecom intends to invest 40 million rubles (approximately $670,000 at the current exchange rate) in the provider at the initial stage. …

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Ru-Net invests in Indian e-medicine startup Practo

January 23, 2017

Ru-Net, an international venture fund with Russian roots, has just participated in a $55 million Series D funding round for  Practo, an Indian startup that helps consumers locate doctors and healthcare information. As reported by TechCrunch, the investment was led by Tencent, the Chinese company which led Practo’s previous $90 million round last year. Also participating in the deal were RSI …

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From “bright future” to retreat: How 500 Startups’ Russia plans were impeded by global politics

January 20, 2017

500 Startups, a prolific US seed fund and accelerator investing globally, has run into some setbacks in its international-fund ambitions, Wall Street Journal reported earlier this month. The fund has pulled back from investing in China, put its Nordics and India fundraising on hold, and dropped plans for a Russia and Eastern Europe fund. Members of …

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Rusnano in discussions with Asian and Middle-Eastern investors to launch new tech funds

January 11, 2017

Rusnano, Russia’s nanotech giant, aims to create two new investment funds in the first half of this year. The state-owned corporation is holding talks with potential co-investors from China and the Middle-East, said its executive director Boris Podolsky in an interview with news agency Prime in late December. The cooperation may involve Japanese institutional investors as well, …

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Russia and Belarus launch joint venture fund

January 9, 2017

Russia and Belarus have created a joint investment fund, the ‘Russian-Belorussian Venture Investment Fund,’ with 1.4 billion Russian rubles at the initial stage (approximately $23.5 million at the current exchange rate). The fund is being backed by Belorussian Innovation Foundation and RVC, which are key state-owned funds supporting innovation in their respective countries, bringing 50% and 49% of …

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Mail.ru Group invests in food delivery startup Instamart

December 29, 2016

Instamart, a Moscow-based startup that organizes food deliveries from offline retail outlets, has just raised 100 million rubles (approximately $1.6 million at the current exchange rate) from Mail.Ru Group and Ilya Yakubson, a figure of the Russian grocery retail industry. Inspired by the success of Californian unicorn Instacart, the Russian startup launched in 2013. Instamart now serves Moscow …

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Sberbank and Sistema team up to create adtech leader and monetize Big Data at an unknown scale

December 27, 2016

Russia’s national savings bank Sberbank has announced a “strategic agreement” with Sistema, a major Russian conglomerate, and Sistema_VC, the venture arm of Sistema, in the fields of advertising technology and Big Data monetization. Under the agreement, Sistema_VC is to acquire a 50% stake in Sberbank’s subsidiary Segmento for an undisclosed amount. Sistema_VC will also provide Segmento with expertise and …

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Russian billionaire Mikhail Fridman invests in French OTT TV service

December 26, 2016

Earlier this month Russian billionaire Mikhail Fridman took part in a $24 million funding round for French OTT TV service Molotov. The UK media group Sky and the French infrastructure operator TDF also participated in the deal in undisclosed proportions. Molotov will use the resources to expand its footprint internationally, said Molotov’s co-founder Jean-David Blanc, as reported …

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Google Analytics bot for Slack raises $1.6 million from US funds

December 20, 2016

Statsbot, a San Francisco-headquartered startup with Russian roots, has just raised $1.6 million from US funds, including Eric Schmidt’s Innovation Endeavors, Eniac Ventures, Betaworks and a fourth unnamed investor. The funding will be used to enlarge the team in the company’s Moscow office. Founded in 2015 by Artyom Keydunov, Mikhail (Mike) Melanin and Pavel Tinuov, the startup …

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Cybersecurity company Wallarm secures $2.3 million after graduating Y Combinator

December 14, 2016

Wallarm, a cybersecurity startup with Russian roots, has just secured $2.3 million in equity funding. The round involved Gagarin Capital — an investment firm which is particularly active in Eastern Europe, having backed MSQRD and Prisma, — Partech Ventures and unnamed individual investors. A resident of Skolkovo, the Russian international tech hub under completion, Wallarm has developed “a complete solution for blocking …

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Russian programmers receive $1.6 million to develop alternative OS

December 13, 2016

BaseALT SPO, a company created by a group of developers headed by Alexey Novodvorsky, has received 100 million rubles (nearly $1.6 million at the current exchange rate) to develop new Linux enterprise class operating systems. The funding was provided by three industry executives, Grigori Sizonenko, Yekaterina Petrova and Vladimir Chepko, via their investment vehicle Financial …

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Russian venture investors transform San Francisco church into place for thought leadership

December 9, 2016

Russian investors recently purchased a church with an ornate, embellished interior in North Beach for $7 million. The group behind a new venture capital firm investing in Silicon Valley companies plan to turn the space into a meeting place and event venue for international thought leaders coming to San Francisco. Pavel Cherkashin, co-founder of GVA …

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