ArcticStartup, the Helsinki-based news blog covering breaking startup news from the Nordics and Baltics, is proud to announce the upcoming “Arctic15: Exit Path” conference, which will pull in an estimated 800 entrepreneurs, investors, and corporate M&A advisors in Helsinki on May 27th and 28th. More than 20 international speakers will attend the conference, including Trip …
As Russia and Ukraine were escalating to a new level of mutual threats and recriminations earlier this week, venture funds offered a welcome illustration that nationalism has not completely spoiled relations between the two countries. A major Kiev-based fund, AVentures Capital, teamed up with two Russian funds, Almaz Capital and ABRT, to inject $3.25 million …
Russian and Ukrainian VCs team up to invest in US software startup Read More
In a bid to “educate the private sector and raise awareness about economic espionage and cyber counterintelligence,” FBI special agents Lucia M. Ziobro and Vincent B. Lisi warned Boston-area businesses and academic institutions earlier this month of “scams involving malicious [Russian] venture capitalists.” The warning took the form of a notification to local players and …
Russian venture fund Impulse VC has announced an investment of $800,000 in exchange for a minority stake in the contextual advertising automation service eLama.ru, CNews.ru reported yesterday. eLama.ru, which allows ad placement on Yandex.Direct and Google Adwords, is appreciated for its flexibility and ease of use. The company claims to serve more than 1,500 advertisers …
Impulse VC invests in contextual advertising automation service eLama Read More
Dreamroomer, which won the Startup Battle at TechCrunch Moscow in December 2013, has raised investment from San Francisco fund 415x Inc. The project has created a service that aims to turn the property rental market on its head by helping landlords to find tenants, instead of vice versa. Property owners add their apartment to DreamRoomer’s …
TechCrunch Moscow winner Dreamroomer attracts US investor Read More
Parallels, a global provider of cloud enabling and desktop virtualization solutions founded by a Russian team in 1999, announced last week an expansion of its strategic alliance with technology distributor Ingram Micro Inc. Not only will Ingram Micro deploy Parallels Automation as the core service delivery platform for its new global Cloud Marketplace, but the relationship …
Global technology distributor Ingram Micro invests in Parallels in new alliance Read More
GS Venture, the one-year-old venture arm of GS Group, has announced its first international investment. Set up last summer to “support entrepreneurial innovators and startup teams” in Russia, the fund decided to establish presence in Finland with a €200,000 injection into Tellyo, a Helsinki startup. The young Finnish company has developed Share the Moment, a …
Russian VC fund backs Finnish solution for mobile sharing of TV moments Read More
Russian online business magazine Hopes & Fears has published its annual list of Russia’s top venture funds. The ratings are calculated from a startuper’s point of view – and so take into account the experience of each fund’s managers, the type of investment they typically make and the number of successful projects in their portfolio. This …
Russian online business magazine ranks Russia’s top funds Read More
Last month St. Petersburg startup FlexyMind closed its second round of funding with an investment from RWM Capital, a Russian fund management firm, for further development of its educational gaming apps for mobile devices, reported Marchmont News. Neither the amount of the transaction nor the startup’s valuation were disclosed. Near-term plans for the young company …
St. Petersburg educational gaming app publisher FlexyMind secures Series A funding round Read More
Flint Capital, a $30 million high-tech investment fund based in Moscow, has invested in SailPlay, a solution provider for retailers building loyalty programs. Neither the amount of the deal nor the valuation of the startup have been disclosed. SailPlay’s solution has many similarities with that of US startup 500friends. Intended for online and offline shops, …
Flint Capital invests in online marketing platform SailPlay Read More
Russian e-commerce site Wikimart hopes to raise “$40 million or more” later this year or in early 2015, co-founder Maxim Faldin said earlier this week to Russian business daily Vedomosti. “We’re not in a hurry because the market situation is unclear,” Faldin said, citing the “complications” which have followed the Russia-Ukraine crisis and the ruble’s …
Wikimart seeks $40 million despite “complicated” market circumstances Read More
Smartfin, a provider of mobile payment solutions in Russia under the brand 2can, has just completed a $5 million Series B round of financing with the participation of previous investors InVenture and Almaz Capital, two major Russian venture funds, as well as investment company ESN Group. The latter, owned by Russian tycoon Gregory Berezkin, has …
Mobile acquiring startup 2can raises $5 million in Series B funding Read More
