Coub.com, a Moscow-based startup launched in 2012, has just raised $2.5 million in a Series B round from Vaizra Capital, a fund which belongs to VKontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. The startup did not disclose its valuation, but its representative told the Russian business daily Vedomosti that Vaizra got a minority stake. Coub is …
Earlier this month two Russian startups – the city guide Voxxter and the online event listings service 2do2go – each received “from $250,000 to $450,000” from the Internet Initiatives Development Fund (FRII in Russian), a $200 million seed and early-stage fund launched one year ago. Voxxter intends to use the funds for technical development, broadening its service provider base, and to create new products. 2do2go …
The European Bank of Reconstruction and Development, or EBRD, on Wednesday froze financing of new projects in Russia amid escalating international condemnation of Russia’s alleged role in the downing of a passenger jet in eastern Ukraine. “A majority of the board of directors of the EBRD, including all European Union member states and several non-EU shareholders, have given clear guidance to the EBRD management that, for the time being, they will …
As crisis deepens, EBRD freezes new investment in Russia Read More
Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $400,000 investment in US startup Quote Roller Inc. Headquartered in South San Franciso, Quote Roller Inc. was founded by two Bielorussian-born enterpreneurs, Mikita Mikado and Serge Barisyuk. The startup is behind two business productivity SaaS products: Quote Roller and PandaDoc. Both products …
TMT Investments injects $400,000 into US business productivity software publisher Read More
On Thursday Russia’s hot online travel market saw its third major venture funding operation in one month as OnlineTours, a reseller of package tours, closed a $7 million Series B round. The funds were brought in by a VC consortium that includes international funds e.ventures, Global Founders Capital and Holtzbrinck Ventures as well as Russia’s …
Earlier this month Rafael Sultanov, founder of the Russian-American startup iBuildApp, used his Facebook page to announce that his startup received $400,000 from “a well known CEO of a listed IT company.” However, he did not name the investor. “This is the third investment we’ve attracted in five months,” Sultanov told East-West Digital News.
Illustrating the appeal of the kids goods segment, a group of Russian businessmen from the spirits industry have launched Mamagazin.ru, a new e-commerce site with an assortment of more than 5,000 items at start. The site serves all Russian regions via agreements with the Russian post and private carriers, reported business daily Kommersant. The project …
The investment arm of QIWI, the Russian payment giant, has injected $700,000 into 12 startups selected for the QIWI Universe acceleration program, hosted by Moscow State University’s business incubator. According to the company’s press release, over 500 applications were received out of which eight pre-seed stage and four more mature projects were chosen. Among the finalists …
Qiwi launches acceleration program and invests in 12 startups Read More
Starta Capital, a Moscow-based investment company, has announced the launch of Starta Capital Accessor Fund I, a venture fund with an initial capital of $3 million, reported Russian high-tech portal CNews.ru. Private individuals and business angels, including Starta Capital managing partners Lyudmila Golubkova and Alexei Girin, are among the investors. In the future, the fund’s capital could be …
Starta Capital creates a venture fund of up to $5 million Read More
Polish private equity fund MCI Management has teamed up with the European Bank for Reconstruction and Development (EBRD) to inject $7 million into Travelata.ru, a Russian online reseller of package tours. The amount invested by each of the two investors has not been disclosed. The funds will be used “to enhance further Travelata’s online services …
Russian tech portal CNews.ru reported last week that Livetex, a St. Petersburg developer of online communication tools, has secured $4 million from Russian fund Vaizra Capital at an undisclosed valuation. The company will use the funds to strengthen infrastructure, expand its product line, and take the first steps towards entering foreign markets. Livetex claims that its instruments, which include …
Online communication tool developer Livetex obtains $4 million from Vaizra Capital Read More
In late June Russian fund AddVenture teamed up with the Moscow Seed Fund, the venture arm of the Moscow city authorities, to inject a second investment tranche into Moscow startup ChefMarket.ru, following an initial investment in December last year. ChefMarket offers home delivery of food products based on recipes from renowned Russian and West-European chefs. Along with …
ChefMarket secures $300,000 from AddVenture and Moscow Seed Fund Read More
