Buran Venture Capital, a Moscow-based, internationally-oriented venture fund, appears to be among the backers of Shazam, which raised $30 million this past January in a funding round that valued it at over $1 billion. While the other investors are still unidentified, the Russian fund revealed yesterday that it contributed $8.5 million in the round.
Russian venture fund AddVenture has invested an undisclosed amount in K50, a Moscow-based startup which is developing an optimization and analytics solution for the contextual advertising market. The deal valued the startup at $5 million. K50’s founding team, which previously financed the startup, will retain a controlling stake. Founded in 2012, the startup launched its …
Context ad technology startup K50 valued at $5 million in deal with AddVenture Read More
RoboCV, a Moscow-based startup developing autopilot solutions for vehicles and industrial equipment, has just raised $3 million in a Series A round. The funds will be used to develop existing autopilot systems for warehouses and to develop a pre-series autopilot RoboCV X-MOTION, the company stated. Also, RoboCV has plans to implement a full-scale complex robotics …
Last month the fledgling Russian online education industry saw the launch of a new, internationally-oriented project. Using both online and offline teaching methods, The Future Academy offers fully accredited secondary education programs to Russian kids 12 to 17 years of age. The school has been backed at the seed stage by Russian venture fund Digital Ventures, …
‘Future Academy’ blends online and offline to bridge Russian, US educational systems Read More
Life.Sreda, a Russian fund investing in financial and mobile technologies, has acquired iboxPro, a leading Asian mobile point-of-sale service, and intends to merge it with its Russian portfolio company LifePay. The details of the transaction have not been disclosed, but an unnamed source told business daily Kommersant that it amounted to “up to $10 million.”
QIWI Venture, the investment arm of Russian electronic payment giant QIWI Group, has launched a new acceleration program, Universe 2.0. Like its predecessor, the program is intended to facilitate the quick launch of pilot projects which are looking to work in partnership with the company. QIWI hopes the accelerator will attract both major, established companies and …
Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested an undisclosed amount in Zdravprint, a Russian startup that develops medical 3D-printing technology. It is the first time Zdravprint has received venture money, the fund’s Corporate Communications Director Nadir Khabdulin told East-West Digital News.
Siguler Guff and CapMan, two international private equity firms, announced last week an investment in Maximum Education, a major Russian provider of educational test preparation services, in exchange for “a significant minority stake.” Siguler Guff declined to disclose any further details of the transaction, but Maximum Education CEO Michael Magkov told East-West Digital News it …
Russian fintech fund Life.Sreda is seeking buyers for the greater part of its portfolio companies, both Russian and foreign, Russian business daily Vedomosti has learned from unnamed industry insiders. The fund intends to concentrate on the development of its most promising project, mobile acquiring startup LifePay. In an exchange with the newspaper, Life.Sreda representative Anna …
Netology Group, a major Russian online education platform, announced last week that it raised $2.1 million from Buran Venture Capital and InVenture Partners. This round is Netology’s third one in less than one year, following a Series A round with InVenture Partners in April 2014 and a $1.1million capital injection from the same fund in September.
Online micro-course platform Coursmos has received $600,000 in seed investment in a deal led by Altera Capital Group with participation from Imperious Group. Coursmos has now raised a total of $1.2 million in investment since it was launched in March 2014. Coursmos offers 11,000 micro-courses across 20 areas, generating profit through user subscription fees of $8.88 per month. The project …
Moscow Seed Fund, the venture arm of the Moscow City authorities, is concluding its first three-year investment cycle. In partnership with Softline Venture Partners, the fund supports venture investors in financing small businesses in the science and technology sector. It backed startups Context Broker and AppStarter at the end of 2012 and early 2013 respectively. Both startups have …
