Venture / Private equity

Ulmart confirms IPO plans in 2016, considers private equity deal in late 2015

Earlier this month Ulmart, Russia’s leading e-commerce company, announced several new steps towards its planned IPO. JPMorgan and UBS have been appointed to prepare the operation, which may take place in spring next year, according to Ulmart chairman Dmitry Kostygin. The online retailer considers floating 15% of new shares on the London Stock Exchange, Kostygin told …

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Fintech startup IQcard claims 1 billion ruble monthly turnover, receives new capital injection

Last week IQcard, a startup offering prepaid cards and monetization instruments for retailers’  loyalty programs, has raised an undisclosed amount from Finteca Holdings, a new fintech fund investing in Russia and Eastern Europe. Inspired by such international models as Greendot in the USA, IQcard was founded in 2012 by Fastlane Ventures, a Moscow-based startup investment firm and incubator. In 2013, the …

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Russian startup contest expands to Serbia, Turkey and UAE

This year Startup Sabantuy, a Kazan, Russia-based startup contest, went as far as Belgrade and Novi Sad (Serbia), Istanbul, and Dubai, in addition to a range of Russian cities, to find and support promising startup together with investors. As witnessed by East-West Digital News, Serbian startups showed huge interest in this event. The fact that more than …

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Russian funds Altair and GVA LaunchGurus invest in US startup 1World Online

Earlier this month 1World Online, a US startup founded in 2011 by Russian entrepreneur Alexey Fedoseev, announced the completion of an equity financing A2 round of $2.5 million. 1World provides publishers, political candidates, and brands with web and mobile-based engagement applications, content, and analytics. The company claims to have become number 1 in its sector in 2014, winning the …

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Geolocation startup Meanwhile raised $100,000 from individual investors

Meanwhile, a Russian startup that has created a mobile interface to “offer a simple and convenient access to all local information,” secured $100,000 from unnamed individual investors. The deal took place in late 2014, but was revealed only last week by Russian tech blog Firrma.ru. The startup initially received support from the IIDF (FRII in Russian, the …

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Luxury fashion site Aizel.ru to receive up to €25 million from Russian investors

Disconfirming the widespread view that the Russian e-commerce market has lost its appeal to venture investors, luxury fashion retailer Aizel.ru received a capital injection of €2.5 million earlier this year, the first tranche of an investment of up to €25 million over three years. The deal remained undisclosed until late May, when news of it …

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Ivideon secures $4 million from Impulse VC to take its video-streaming service global

Ivideon, a Russian startup whose cloud platform allows users to beam video to any device using almost any hardware configuration, has just raised $4 million from Russian venture fund Impulse VC. The investment deal was one of 14 agreements signed or announced on day one of Startup Village, totaling a combined $272 million in value, the …

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Altair Capital invests in New York mobile ticketing startup Rukkus

Illustrating once again the invest-abroad trend among Russian tech investors, Altair Capital, the fund of Russian serial business angel Igor Ryabenkiy, has invested in New York-based Rukkus. Launched in 2013, this startup offers “the easiest way on mobile to find and buy the perfect concert, sports, or theater ticket.” The amount of the transaction has …

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Roman Abramovich invests $500,000 in Russian-Israeli medical consultation startup

Earlier this week Russian-Israeli startup Medviser announced that it has received half a million US dollars in investment from Roman Abramovich. The transaction was made via an undisclosed entity belonging to the Russian billionaire. It valued the company at $1,7 million post money, with the investor receiving a 30% stake. Medviser was founded in mid-2014 by Anna Danishevskaya, …

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Qiwi Venture invests $150,000 in mobile payment app AnyBalance

Qiwi Venture, the investment arm of Russian electronic payment giant QIWI Group, has committed itself to invest an estimated $150,000 in Krawlly, as reported by Russian tech blog Firrma. This Russian startup is developing an Android mobile app, christened “AnyBalance,” that displays in one interface the balances of a user’s bank, mobile or ISP accounts. The startups claims …

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InVenture Partners analyst Alexander Dadashev: “Russia has once again lost its appeal for international venture capital investors”

As a result of the international tensions, Western venture capitalists that traditionally looked at Russia have found themselves in an uncomfortable position over the past year. The Russia label has become a stigma in the eyes of a large part of them, making international funding and development more difficult for local startups. In an exchange with …

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