Venture / Private equity

Russian oligarch Ziyavudin Magomedov makes second investment in Hyperloop One

Illustrating the strong invest-abroad trend among Russian investors, Ziyavudin Magomedov, a top businessman from Dagestan, took part in a recent $80 million round of financing for Hyperloop One. Previoulsy known as Hyperloop Technologies, this Californian startup is developing vacuum tube-based transportation technologies based on Elon Musk’s models. Also investing in Hyperloop One’s latest round were existing investors Sherpa Ventures, 8VC and …

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Sistema Asia Fund invests in Indian EDRM solution provider

Sistema Asia Fund has participated in a $12 million in Series B funding round for a Seclore, a major enterprise digital rights management (EDRM), along with other investors Helion Ventures, Venture East, and India Alternatives. The details of the transaction, which was announced in late April, have not been disclosed. Sistema Asia Fund was launched three months ago by …

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Target Global leads $24 million round for Israeli-based payment service provider

Target Global, an international venture fund with Russian backers, has led a $24 million funding round for Zooz, an Israeli payment service provider. The round, which was announced last week, also involved Fang Fund, iAngels, Kreos Capital and existing investors Blumberg Capital, Lool Ventures, Rhodium, Claltech (Access Industries’ Israeli tech vehicle), XSeed Capital, CampOne Ventures and angel Eilon Tirosh. The details of the transaction have not …

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Russia’s Run Capital leads £1 million seed round in UK satellite data company

Illustrating the invest-abroad trend among Russian VCs, Run Capital has led a seed financing round of more than £1 million to support the international expansion of UK-based satellite-driven data analytics provider Rezatec. The deal was announced in late April. The Harvard Business School Alumni Angels also took part in the round along with Rezatec’s existing shareholders. Rezatec will …

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Alisher Usmanov invests in InPlat to create new payment ecosystem in Russia

Russian billionnaire Alisher Usmanov has invested in a Russian PSP named ‘InPlat‘ via structures affiliated to his holding company USM, acquiring a 35% stake previously owned by investment fund Supremum Capital. The transaction, which took place in December 2015, was revealed last week by Russian tech blog Firrma.ru, which referred to an unnamed source from Supremum …

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American-Russian web server publisher Ngnix secures $8 million from Telstra

Last week Ngnix (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, announced a new $8 million strategic investment led by Telstra, a leading telecommunications provider. “The move will bring further expertise to the company and help it continue to expand and capture a significant share of the global application delivery market,” Ngnix stated. The …

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1C fully acquires CRM solution provider Megaplan

Moscow-based asset management company Sferiq has sold its remaining blocking stake (27.06%) in Megaplan, a Russian corporate CRM solution provider, to 1C. A leading Russian enterprise software publisher, 1C now controls 99% of Megaplan, reports financial news portal Mergers.ru, citing official sources. 1C had acquired a 51% stake in Megaplan in 2012, three years after Sferiq (previously known as …

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Dmitry Grishin raises second fund to “pursue trillion-dollar opportunity”

Yesterday Grishin Robotics, an international venture capital firm launched in 2012 by Mail.ru Group’s CEO Dmitry Grishin,  announced a new $100 million fund to invest in the USA and Europe. Originally focusing exclusively on robotics, the firm is now expanding its investment focus to such areas as collaborative and material handling robots, AI and data analytics, industrial IoT and …

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Video ad startup Virool raises $12 million to “make advertising human”

Virool, a San Francisco-based video ad startup founded in 2011 by a Russian team, has closed a Series A round of $12 million. The funding, which comes from Menlo Ventures, Yahoo Japan, 500 Startups and Flint Capital, will accelerate the company’s North America, Latin America and Europe plans. The company also aims to develop across the APAC region “with the strategic sense of …

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Fragrance subscription service ScentBird attracts $2.8 million from US and Russian investors

Last week ScentBird, a New York-based startup founded by Russian émigrés, announced that it secured $2.8 million in venture funding. The investor consortium includes TMT Investments, a London-based fund with Russian connections, Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, and Scrum Ventures, a US-based fund with interests in Asia, as well as Eclipse Ventures, Ludlow Ventures, and SGH …

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Russian SDN/NFV solution provider Brain4Net secures $1.75 million from Rostelecom and Leta Capital

CommIT Capital, the venture arm of Russia’s national telecom operator Rostelecom, has teamed up with tech fund Leta Capital to invest in Brain4Net, a provider of advanced SDN/NFV solutions. The capital injection amounted to 120 million rubles (approximately $1.75 million at the current exchange rate), of which CommIT Capital contributed 100 million rubles. The news was reported …

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Russia’s Sistema and China’s TUS Holdings to launch $100 million venture fund

Illustrating the growing ties between the two countries in the field of high technologies, AFK Sistema, a Russian LSE-listed conglomerate, is in the process of creating a venture fund in partnership with China’s TUS Holdings. The news was reported earlier this week by Vedomosti, a leading Russian business daily, which referred to an exchange with a Sistema representative. The …

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