Venture / Private equity

Ruvento launches $25 million seed fund to invest in hardware across Asia and USA

December 8, 2016

In yet another illustration of the globalization of the venture market, Ruvento, a investment company managed by a Russian team, has announced the creation of a new vehicle to invest in hardware projects in the USA and Asia. The $25 million new fund will be managed by Vyacheslav (Slava) Solonitsyn and Alex Toh, who are respectively Managing …

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On-demand ride service Gett receives $100 million loan from Russia’s Sberbank

November 12, 2020

Today Gett announced that it has received a $100 million loan facility from Sberbank CIB, the corporate and investment banking branch of Russian national savings Sberbank. This funding comes on top of $540 million previously raised by the company since 2010, according to Sberbank CIB.  The last round of financing took place in May 2016, with Volkswagen Group …

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Russia set to become Blablacar’s largest market in 2017

November 12, 2020

Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …

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Rostelecom invests $2 million in network solutions developer RDP.RU

November 24, 2016

CommIT Capital, the venture arm of national telecom operator Rostelecom, has invested some 130 million rubles (a little more than $2 million at the current exchange rate) in the RDP.RU group in exchange for a 15% stake. RDP.RU is a major Russian developer of network solutions for telecoms operators and corporate clients. Rostelecom, among other clients, uses RDP’s products, including …

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Russian sovereign fund makes new investment in Hyperloop One, aims to develop new projects with US and Asian partners

March 2, 2017

Russia’s sovereign fund RDIF has “increased by several times” its investment in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The transaction — which was part of Hyperloop One’s latest round of funding last month — was revealed on Saturday at the APEC summit in Lima by the fund’s CEO Kirill Dmitriev. Dmitriev presented Dubai port operator DP World, which led the …

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Bonusway secures €6.9 million in equity and debt financing to develop Russian cash-back platform 

November 22, 2016

Bonusway, a company which operates cash-back platforms in Finland, Russia, Sweden and Turkey, has received a capital injection of €3.7 million from Buran Venture Capital, a VC firm with Russian and Hungarian roots, and Finnish fund Vision Plus. A €3.2 million bank loan has been provided by Nordea and Finnvera as an additional part of the package. …

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Russian fund Pulsar Venture Capital opens representative office in Ireland

November 16, 2016

Yesterday Pulsar Venture Capital, an early-stage investment fund from Kazan, Russia, announced the opening of a representative office in Dublin. Pulsar sees Ireland as “one of the best international platforms for scaling business in Europe” through “the engagement of top technological companies and international investors,” said Pulsar’s CEO Pavel Korolev. The Dublin representative office will also work on technology transfers, …

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Blackmoon raises $2.5 million to expand its “marketplace lending as a service” platform

November 15, 2016

Last week Blackmoon, an international online lending platform with Russian roots, secured $2.5 million in an equity funding round which involved A&NN Group, Flint Capital, Target Global, and unnamed individual investors. Neither the valuation of the company nor the structure of the investment have been disclosed. Presenting its service as “marketplace lending as a service” (PLaaS), Blackmoon allows institutional investors …

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Sberbank prepares to launch new international fund of up to $250 million

November 15, 2016

Sberbank, Russia’s national savings bank, is in the process of creating a second venture fund, Russian news agency TASS reported last week. The size of the new fund, which will involve other investors, could reach up to $250 million, TechCrunch wrote yesterday. Sberbank invested $100 million in its first corporate venture fund, SBT Venture Capital (managed by MoneyTime Ventures). …

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Flint Capital leads $20 million round for Job Today

November 15, 2016

Flint Capital has led a $20 million round of funding for Job Today, a Luxembourg startup which operates jobs marketplaces in London and Spain. Also involved in the round are Accel Partners, Mangrove Capital Partners, and Channel 4’s Commercial Growth Fund, Business Insider reported last week. Launched in Russia in 2013, Flint initially targeted domestic startups. Since then, …

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Russia and China launch new joint tech investment fund

November 10, 2016

In a new illustration of the two countries’ willingness to strengthen their ties in the field of high technologies, the Russia-China Investment Fund (RCIF) and Chinese company TUS Holdings have agreed to establish a joint Russia-China Venture Fund (RCVF). Signed earlier this week, the partnership has just been announced by the RDIF, Russia’s sovereign fund, which created the …

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Skolkovo and RVC to launch new venture funds

December 7, 2016

The Skolkovo Foundation will set up three venture capital funds to provide additional sources of funding for startups, said its president Victor Vekselberg in late October at the Open Innovations forum. Funded by the Russian government, the Skolkovo Foundation manages the completion of an international tech hub on the outskirts of Moscow. “Now we’re creating a daughter …

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