Venture / Private equity

Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip

November 12, 2020

Earlier this month Vostok New Ventures, an invesment company listed on Nasdaq Stockholm (formerly known as Vostok Nafta Investment), has injected an additional $2.5 million in Moscow-based online travel agency Onetwotrip.com. This transaction was announced in the company’s H1 2016 activity report, which was published last week. The Swedish fund had already invested $4 million in …

Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip Read More

New platform facilitates advertising campaigns in Russian social media

August 19, 2016

Since its launch last year with several millions of US dollars in funding, Ordynets [Russian for ‘member of the Golden Horde’] is emerging as a leading ad network on the Russian social media scene. The network claims to have acquired more than 200 significant communities, which gather some 150 million subscribers. In addition, Ordynets works with more than 5,300 …

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10 Russian and Ukrainian startups land in US market via NYC accelerator

August 13, 2016

Next week the New York-based Starta Accelerator will commence its second acceleration program for tech startups from Russia, Ukraine, and Belarus. Ten startups were selected from 209 applicants, and their founders will come to New York City on August 15 for a 14-week acceleration program. They will have the opportunity to develop their business in the U.S. and to attract another round of investment from …

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Translation automation platform receives $2.8 million in funding after spinning off from Abbyy

April 14, 2017

SmartCAT, the developer of a cloud platform for translation automation, has spun off from Abbyy, a large Russian software publisher which had developed the project so far. The startup has secured $2.8 million from RedSeed, a Russian fund launched last year, to support its international development. It has established its headquarters in Milpitas, California. The project started in early 2013 …

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Russia’s Softline secures $40 million from Da Vinci Capital, intends to acquire “over 20 companies” in emerging markets

August 9, 2016

Two funds managed by Da Vinci Capital Management — Da Vinci Private Equity Fund II L.P. and Da Vinci Pre-IPO —  have invested in Softline, a Moscow-based international software licensor and IT service provider. The news was reported last week by Russian business daily Kommersant based on exchanges with Softline top executives. The details of the transaction has not been …

Russia’s Softline secures $40 million from Da Vinci Capital, intends to acquire “over 20 companies” in emerging markets Read More

Sistema Asia Fund invests in Indian gifting card startup

August 5, 2016

QwikCilver, a Bangalore, India-based provider of gifting card solutions, has raised $10 million in a new round of funding led by Russian fund Sistema Asia Fund, reports The Economic Times. Previous investors in QwikCilver — including Amazon Asia-Pacific, Accel India and Helion Venture Partners — also participated in the round, but their respective contributions has not been …

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Russian teenager’s venture fund gives hope to child entrepreneurs

August 3, 2016

Denis Shelestov, a 17-year-old schoolboy from the small town of Elabuga in Tatarstan, already has several successful startups under his belt. Now he has launched the investment company Shelest Ventures with Kazan business angel Ramilem Ibragimov. All of the company’s $15,000 are partners’ personal money, and Denis plans to invest it in startups created by other children. Shelestov believes children can create …

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Phystech Ventures backs Singapore-based edtech startup Teamie

August 1, 2016

Phystech Ventures, a fund with Russian roots, has taken part in a funding round of 1.5 million Singaporean dollars (approximately $1.1 million) for Teamie, a social mobile learning platform operating Asia Pacific. The round was led by ACP, a Singapore-based venture capital firm, with Spring Seeds Capital and an undisclosed individual investor also taking part …

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InVenture Partners launches second, $150 million international fund

July 27, 2016

InVenture Partners, a venture firm with Russian roots whose portfolio includes taxi booking app Gett, is launching a second, $150 million fund. The new fund is currently raising money from undisclosed limited partners, with 10% of the capital being contributed by Inventure’s managing partners Sergey Azatyan and Anton Inshutin. Inventure Partners II will support consumer Internet …

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Target Global invests in food delivery startups in Russia and globally

July 26, 2016

Showing an irrepressible appetite for food delivery startups, Target Global, an international venture fund with Russian backers, has just announced its participation in two new investment deals in this field. As reported by Russian business daily Vedomosti, the fund has led a $1 million funding round for Foodfox.ru. Also participating in the round were several individual investors, including …

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Findo raises $4 million to solve your ‘infobesity’ headache with A.I. and a smart search assistant

April 14, 2017

Findo, an artificial intelligence (A.I.) startup that’s setting out to help people find information buried in documents, files, email attachments, and more, has announced a $3 million funding round from Flint Capital, a fund with Russian roots, with an additional $1 million expected from a handful of “well-known” Silicon Valley angel investors. The news comes …

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Russian service marketplace YouDo raises $6.2 million to go global

July 16, 2016

Russian service marketplace YouDo.com announced today the completion of a $6.2 million Series C financing round, led by Sistema Venture Capital. Existing investors Flint Capital, United Capital Partners and QIWI shareholder Sergey Solonin also took part in the round. The terms of the deal have not been disclosed. Launch in 2012, YouDo’s platform matches those …

Russian service marketplace YouDo raises $6.2 million to go global Read More

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