Venture / Private equity

Russia’s Sberbank leads $8 million round in US money management startup Moven

July 8, 2014

Last week money-management service Moven raised $8 million at an undisclosed valuation in a round led by SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank. Virginia-based Route 66 Ventures, South-African Standard Bank, and London-based Anthemis Group also took part in the round of funding. The New-York based startup had already attracted …

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Moscow-based Runa Capital to invest up to $200 million in European startups

July 4, 2014

Runa Capital, a Moscow-based global tech-focused venture capital firm, announced yesterday the first closing of its new fund, Runa Capital II. With a target size of $200 million, the firm will continue investing in tech-based companies worldwide, focusing especially on Europe. The amount of the first closing has not been disclosed. Investors at this first …

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DST launches 4th international tech fund

January 23, 2016

DST Global, which is controlled by Russian billionaire Yuri Milner, has launched its fourth investment fund — DST Global IV. The news was reported last week by Russian business daily Vedomosti based on documents posted on the website of the U.S. Securities and Exchange Commission. The fund was registered in the Cayman Islands. Its volume has not been disclosed.

RVC and Skolkovo inject $1.2 million in micro-sized antenna maker

June 30, 2014

S-Group Capital Management, an affiliate of the fund of funds RVC, has teamed up with Skolkovo’s nuclear technology cluster to inject 40 million rubles (approximately $1.2 million) in Bisant, a Moscow-based high tech antenna manufacturer. A resident company of Skolkovo, the international tech hub under construction on the outskirts of Moscow, Bisant describes its micro antenna devices …

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Imperious Group invests $530,000 in Russian-American edutech startup Coursmos

June 30, 2014

Russo-American startup Coursmos, a developer of short online courses, has raised $530,000 from Russian venture fund Imperious Group and business angel Evgeniy Medvednikov. The funds will be used to develop the platform and to add more staff. Coursmos is also planning to develop new features for the site including a system to recommend courses to users depending …

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Naspers acquired stake in Russian kids goods online store Esky.ru

March 17, 2017

This past February the South-African media group Naspers acquired a 30.7% stake in eSky.ru, a Russian online retailer of children’s goods. The transaction, which amounted to 200 million South African rands (approximately $20 million), has just been made public in the group’s latest financial report. Esky.ru operates in one of the most dynamic areas of Russia’s e-commerce market. …

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TMT Investments injects $250,000 into ‘Internet of everything’ startup Weaved

June 25, 2014

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in Palo-Alto headquartered Weaved in exchange for a 2.69% stake in the company’s capital. Weaved’s mission is “to become the ‘DNS’ for the Internet of Everything”. To that end, it is developing software and services that allow devices to be securely connected via …

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$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years

June 23, 2014

Ostrovok.ru, a major Russian hotel booking service, announced last week that it has raised $12 million in a round led by Vaizra Capital, a fund which belongs to Vkontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. A number of the startup’s existing investors also took part in the round. The transaction, the details of which have …

$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years Read More

Local search service Yell.ru secures $11 million from Swedish funds to measure itself against Yandex

June 23, 2014

Last week, Russian online local-search service Yell.ru announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik. In addition to providing a search engine, Yell.ru offers user reviews about local companies and services. “More than a third of all online Russians will use …

Local search service Yell.ru secures $11 million from Swedish funds to measure itself against Yandex Read More

Intel Capital teams up with two Russian funds to back Ukraino-Russian bus-ticket software developer

March 2, 2017

Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed valuation. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for …

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Rocket Internet’s Foodpanda acquires Russian startup Delivery Club

June 19, 2014

Rocket Internet’s online food delivery platform Foodpanda, together with its affiliated brand Hellofood, announced yesterday that it has taken over Russia’s food delivery business Delivery Club. The size of the transaction has not been disclosed, but an insider told Russian business daily Vedomosti that it stood at around $50 million.

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