Venture / Private equity

2015 in review: Foreign players did not lose all interest in Russian tech markets

February 7, 2016

This week and next, East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. Today’s article highlights the attitude of international players towards the Russian tech market.  In spite of the international tensions, sanctions and retaliation measures that followed the Ukrainian conflict, Russia’s tech markets kept some appeal in the eyes of a number of …

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2015 in review: Russian funds continued to invest in international startups while the domestic venture market declined

March 17, 2016

This week and next, East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. The series starts with an analysis of the key deals and trends that marked the venture market. 1. Russian funds continued to invest in international startups The invest-abroad trend among funds with Russian backers or managers, which began several …

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TMT Investments teams up with EBRD to back international stock photo platform Depositphotos

February 9, 2016

TMT Investments, an LSE-listed fund with Russian backers, is participating in a $5 million round of additional funding for its portfolio company Depositphotos. The round is led by the European Bank for Reconstruction and Development (EBRD), which is investing via its Venture Capital Investment Programme. Agreed last month, the transaction will be completed until the end of the year. …

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Russian investors put over $13 million in US grocery delivery service Blue Apron

February 9, 2016

Target Global, an international venture fund with Russian backers, has spent $13 million to acquire a 0.65% stake in US food delivery startup Blue Apron. The transaction remained under the radars until it was revealed earlier this month by the fund’s managing partner Mike Lobanov in an interview with Russian business daily Vedomosti. Lobanov did not specify whether the money went …

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Russian funds invest in German companies Cuponation and Nestpick

February 9, 2016

Ru-Net, a major, internationally-oriented Russian fund, has just participated in a ‎€10 million Series B financing round for Cuponation, a Germany-based discount platform. Rocket Internet, Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventures, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank and Columbia Lake Partners have also participated in the round in undisclosed proportions. Cuponation collects all available …

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Russian fund invests $1 million in Israeli wearable technology company to demonstrate “the true meaning of being free”

February 9, 2016

Russian venture fund Titanium Investments has injected $1 million in MUV Interactive, an Israel-based developer of innovative technologies for wearable interfaces. The investment, which will help the startup start serial production of Bird, its first product, took the form of a convertible loan, Russian business daily Kommersant reported today. The transaction brings the total amount raised by the startup …

Russian fund invests $1 million in Israeli wearable technology company to demonstrate “the true meaning of being free” Read More

IIDF launches Big Data investment program

December 26, 2018

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s largest seed and early stage venture fund, intends to invest 500 million rubles (approximately $7.7 million at the current exchange rate) in Big Data projects. FRII will support a few dozen projects, taking into account the needs of large Russian corporations, Russian business daily Vedomosti reported yesterday, …

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Qiwi and Citymobil invest $500,000 in delivery service Today Delivery

February 9, 2016

This past summer payment operator QIWI and mobile taxi booking service Сitymobil  invested $500,000 in Today Delivery, a crowdsourced e-commerce delivery company. The deal has just been revealed by Russian startup blog Firrma.ru. The startup was valued at several million US dollars, a Today Delivery representative told Firrma.ru, without disclosing further details. Today Delivery presents itself as analogue of UberRUSH: “The …

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OneTwoTrip raises $4 million in funding from Vostok New Venture

November 12, 2020

OneTwoTrip, the Russian travel booking website operating in Russia, Europe and CIS, has secured $4 million in fresh funding from Vostok New Ventures. The deal was disclosed in the nine-months report of the Swedish fund. Launched in 2011, the startup offers online booking of flight tickets and hotels. The startup raised $25 million in two rounds from Phenomenon Ventures and Skype …

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New accelerator to invest up to $15 million in cyber security startups

December 26, 2018

Russian cyber security startups now have a dedicated accelerator with up to 1 billion rubles (around $15 million at the current exchange rate) potentially invested over the next two years. The effort is backed by Rostec, a major Russian state-owned tech corporation, via its subsidiary RT-Inform, systems integrator I-Teco, and the Internet Initiatives Development Fund (FRII in Russian, the country’s largest …

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Medviser.ru founder Arie (Lev) Orlovsky: “In medicine, high-tech diagnostic methods tend to replace physical examination”

February 10, 2016

A marketplace for remote medical video consultations, Medviser aims to provide patients with access to quality medical expertise worldwide. The Russian-Israeli startup is backed by Millhouse LLC, the investment company of Russian billionaire Roman Abramovich. Medviser’s founder and CEO Lev Orlovsky explains the human and market needs his company is addressing, shares his view on …

Medviser.ru founder Arie (Lev) Orlovsky: “In medicine, high-tech diagnostic methods tend to replace physical examination” Read More

Local search and city navigation service 2GIS secures $40 million to expand in Russia and internationally

February 11, 2016

Bold enough to compete with the mapping services of Yandex and Google, 2GIS, a Novisibirsk, Siberia-based company, has raised $40 million from two major investment funds, Baring Vostok Capital Partners and Ru-Net. Launched in 1999 and now developing across three continents, 2GIS (pronounce “double giss”) is one of the least known but most remarkable Russian technological firms. The …

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