Venture / Private equity

Yandex and Baring Vostok invest $5.5 million in house-call doctor service

July 12, 2016

Russian search giant Yandex and private equity fund Baring Vostok Capital Partners have invested $5.5 million in DOC+, acquiring a minority stake in the company. The deal was revealed last week by Russian business publication RBC, based on exchanges with the startup’s co-founder Victor Belogub, and confirmed by the investors. The deal was led by Baring Vostok. …

Yandex and Baring Vostok invest $5.5 million in house-call doctor service Read More

Russia’s Sberbank participated in Uber’s latest equity round

March 2, 2017

SBT Venture Capital, the venture arm of Russian state-controlled savings bank Sberbank, appears to be among the participants in Uber’s latest equity funding round. Led by Saudi Arabia’s Public Investment Fund, this $3.5 billion deal took place this spring, valuing the US startup at $62.5 billion. SBT’s participation was revealed by BNE Intellinews, an online …

Russia’s Sberbank participated in Uber’s latest equity round Read More

Rostec partners with China CYTS to create $500 million tech fund

October 22, 2016

Last month in Hong Kong, Rostec, a major, government-backed Russian tech corporation, signed a memorandum of understanding about “strategic cooperation” with China CYTS Industrial Development. The partners intend to launch a fund with “an initial $4 billion target” to develop projects related to China’s ‘One Belt One Road’ — an economic development strategy which includes the ‘Silk Road Economic Belt’ …

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After partnering with Facebook and Google, Russian startup VisionLabs raises $5.5 million from Sistema’s corporate fund

April 14, 2017

VisionLabs, a Russian startup specializing in facial recognition, data analysis and robotics, announced today that it has secured 350 million rubles ($5.5 million at the current exchange rate) from Sistema Venture Capital. The fund received a 25% stake, valuing the startup at 1.4 billion rubles ($21.5 million). Founded in 2012, VisionLabs has developed a software package, named ‘Luna,’ …

After partnering with Facebook and Google, Russian startup VisionLabs raises $5.5 million from Sistema’s corporate fund Read More

Russian startup Blackmoon launches online lending platform in the U.S.

July 5, 2016

A Russian startup is launching in the U.S. this week to target the lucrative online lending market. Blackmoon launched initially in Russia last June, and has since rolled out into Poland, Latvia, Czech Republic, Estonia, Georgia, and Finland. Today, it opens its New York office and will begin the process of integrating with lenders in the …

Russian startup Blackmoon launches online lending platform in the U.S. Read More

Mitsui chefmarket

Mitsui invests in Russian food delivery startup Chefmarket

June 30, 2016

Earlier this month Moscow-based food delivery startup Chefmarket.ru secured $1.3 million in a funding round led by Mitsui with participation from existing investors, including QIWI co-founder Andrey Romanenko and Russian venture fund AddVenture. The startup aims to reach a $100 million revenue target in 2018. Chefmarket offers home delivery of food products based on recipes from renowned …

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Q&A service TheQuestion raises $500,000, opens offices in Berlin and London

June 28, 2016

Russian Q&A service TheQuestion is opening representative offices in London and Berlin to develop internationally, while keeping its R&D capacities in Moscow, Russian magazine Sekret Firmy reported last week. The move comes just after the company completed a $500,000 round of funding, following an initial round of the same amount. Among the investors are “owners of media …

Q&A service TheQuestion raises $500,000, opens offices in Berlin and London Read More

Hyperloop One attracted Russian state money in its latest funding round

March 2, 2017

A second Russian fund appears to be involved in Hyperloop One‘s latest $80 million round of financing, which was closed in April. Russia’s sovereign fund RDIF has just announced that it took part in the round, without disclosing, however, the amount of its contribution. “RDIF pays great attention to the development of transport infrastructure, including the technological …

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Quirky mobile photo app leads App Store ranking in Russia and neighboring countries, raises millions from top investors

May 2, 2019

An art filter app launched by a Russian programmer, Alexey Moiseenkov, is leading Apple’s App Store ranking in Russia and several neighboring countries – including Estonia, Kazakhstan, Latvia, Moldova, Ukraine and Uzbekistan – ahead of Whatsapp, VK, Instagram, Viber, Aliexpress and other traditional leaders in the region. In a totally unexpected surge, the app has been number …

Quirky mobile photo app leads App Store ranking in Russia and neighboring countries, raises millions from top investors Read More

Russia seeks to bolster tech ties with South Korea

June 23, 2016

As Russia seeks to develop and diversify international cooperation in the field of technologies, RVC, its state-owned fund of funds for innovation, announced last month that it will open a representative office in Seoul. “Among its key objectives will be to assist Russian technological companies in promoting Russian products and services on the Korean market, …

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New Russian fund to support virtual reality projects in Russia, Western and Asian countries

June 23, 2016

Two figures of the Russian digital industry — Georgiy Tushinsky, founder of Digital October and of several controversial music content projects, and Igor Luts, founder of BBDO Moscow, co-founder of The Untitled fund and a former Yandex marketing executive — have teamed up to launch a venture fund dedicated to virtual reality projects. The common …

New Russian fund to support virtual reality projects in Russia, Western and Asian countries Read More

CardsMobile secures $2.5 million from LANIT as NFC takes off in Russia

June 16, 2016

Russian IT firm LANIT has invested $2,5 million in CardsMobile, a developer of contactless payment solutions, in exchange for a 28.6% stake, Russian business daily Vedomosti reported last week. Thus, the company has been valued at $8,7 million. CardsMobile has developed a platform for NFC payments as well as a mobile application, christened ‘Wallet’ (‘koshelek’ in …

CardsMobile secures $2.5 million from LANIT as NFC takes off in Russia Read More

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