In its accounts for the first half of 2014, Mail.ru Group has disclosed the sum it paid in April of this year to Ivan Tavrin for 12% of VKontakte, Russia’s leading social network also known as VK.com. The stake cost the group around $345 million, valuing the company at almost $2.9 billion. The LSE-listed Internet group thus owns 52% …
Mail.ru Group paid $345 million for its 12% stake in VKontakte Read More
Earlier this week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The target geography includes Russia, Ukraine, other states of the former Soviet Union, and Europe. The total volume of investments could reach up to $200 million, a Forex Club …
Russian music-streaming platform Zvooq yesterday announced it secured an investment of $20 million in a Series A round led by Ulmart, Russia’s leading online retailer, with the participation of Essedel Capital, a Helsinki-based private equity fund. The funds will be used to bolster and promote Zvooq’s freemium music-streaming offer. Zvooq will also “initiate roll-out of the …
The European Bank of Reconstruction and Development, or EBRD, has pulled out of a planned joint investment fund with state-owned technology investment company Rusnano, after the EU clamped down on EBRD lending in Russia over Moscow’s actions in Ukraine, Rusnano CEO Anatoly Chubais was quoted as saying by ITAR-Tass on Tuesday. The EBRD, which has more than 300 active projects in Russia, froze its financing of new projects …
BlockTrail is a new platform for bitcoin analytics launched today by Amsterdam-based researchers BlockCorp. It has secured €500,000 ($669,310) in funding from BlockCorp, which was set up by entrepreneur Boaz Bechar and VKontakte co-founder Lev Leviev. Competing with Blockchain.info and Blockr, the platform hopes to surface information about cryptocurrency transactions by creating dedicated tools for the analysis …
Vkontakte co-founder Lev Leviev invests in Bitcoin analytics platform BlockTrail Read More
Project Healbe has received $2.6 million investment from a group of unnamed private investors, along with Dmitry Chalyy, Alexander Tarakanov, Alexey Girin and the Starta Capital Accessor Fund. Healbe combines a cloud service with fitness bracelet GoBe. Starta Capital first invested $200,000 in Healbe in 2012. Since then the project has received $3 million in …
Fitness bracelet Healbe receives $2.6 million investment Read More
Earlier this month TimePad, a Moscow startup that offers e-ticketing services and other online tools for event organizers, secured an investment from Target Ventures. Since the acquisition of an initial stake earlier this year, the fund has injected $1 million in total into the startup. Founded in 2008 with the help of HSE Inc., the …
Online event solution startup TimePad secures investment from Target Ventures Read More
Moscow-based company T8 Publishing Technologies is planning to invest no less than 6 billion rubles (approximately $170 million) in an ambitious print-on-demand project, the Moscow authorities announced last week. The company claims it has acquired rare printing equipment that, combined with a special electronic publication platform, enables profitable printing of any quantity of copies – …
Run Capital, a $30 million fund launched this past spring by Qiwi executives, has announced its first investment in online excursion booking service WeAtlas. The $600,000 capital injection will be used for technological development and broadening the company’s network of partners. WeAtlas helps users to search for and book tour guides and excursions in various world cities. …
Run Capital invests $600,000 in excursion booking service WeAtlas Read More
VKontakte co-founder Vyacheslav Mirilashvili and his partner at MNS Consulting Nir Grinberg have opened Yesodot Private Equity, a new venture fund in Israel. The Yesodot Private Equity fund aims to develope energy storage and infrastructure projects. Grinberg is in charge of search into potential venture capital recipients, while Mirilashvili’s task is to attract new investors. Mirilashvili has …
VKontakte co-founder Vyacheslav Mirilashvili launches new venture fund in Israel Read More
In late July TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in San-Francisco-based fashion rental platform Le Tote. Le Tote provides women with unlimited access to garments and accessories for a fixed price of $49 per month. The platform defines its mission as “to become the leading fashion discovery platform where …
TMT Investments injects $250,000 in US fashion rental platform Le Tote Read More
Life.SREDA, a Moscow-based venture capital firm focusing on mobile and online fintech startups, is to invest $1.5 million in Settle, a mobile payment service developed by Kiev-based startup Advice Wallet. Combining mobile payments and a loyalty scheme in one app, Settle makes it possible to both order and then pay your bill at a restaurant or café through a smartphone. …
Ukrainian startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA Read More
