Earlier this month Keepgo, a Tel Aviv-based mobile data roaming startup operating globally, announced its first venture funding round: $1.3 million at an undisclosed valuation. The capital was brought in by IMI.vc and AltaIR, two Russian funds backed by serial entrepreneurs Igor Matsanyuk and Igor Ryabenkiy. Keepgo presents itself as a mobile data operator with …
Last week Da Vinci Private Equity Fund II, a Russian investment fund focused on financial infrastructure in Russia and the former Soviet Union, announced it had acquired a 63% stake in ITinvest, a major Russian online broker established in 2000. The amount of the transaction has not been disclosed, but Vladimir Kochetkov, the president of Finam, a sizable …
Da Vinci acquires majority stake in online broker ITinvest Read More
iTech Capital, a Russian PE & VC firm, announced today an investment of $10 million in Aviasales.ru, a leading search engine for flights and hotel bookings. The terms of the deal have not been disclosed, but the firm told East-West Digital News it had obtained a stake of less than 30%. The company – which …
Travel metasearch engine Aviasales secures $10 million from iTech Capital Read More
Ernst & Young (EY) and RVC, the state-owned fund of funds for developing the Russian venture industry, have just issued a survey on market dynamics titled “Russian and Global Venture Markets, 2007–2013.” According to report, the Russian VC industry has shown triple-digit growth over the last seven years, reaching $1.213 million in 2012 from $108.3 …
Russia’s venture capital industry has grown tenfold since 2007 Read More
Flint Capital, a $30 million high-tech investment fund based in Moscow, and IIDF (FRII in Russian), a $200 million seed and early-stage fund launched last year, have invested an undisclosed amount in SMTDP Tech LTD. Based in St-Petersburg, this startup has developed a technology to verify the authenticity of photographs. Dubbed the “Picture Manipulation Inspector” (PMI), the solution …
Flint Capital and IIDF invest in Picture Manipulation Inspector Read More
Yestarday Boombotix, a San Francisco-based startup developing audio hardware and software, announced a $4 million strategic investment from existing and new investors. Among them is Grishin Robotics, a venture fund launched in 2012 by Mail.ru Group’s CEO Dmitry Grishin. The US startup claims to be “developing the highest-quality audio hardware and software products.” The investment will enable it …
Grishin Robotics invests in Californian startup to “create a fresh approach to music.” Read More
Yandex announced earlier this week an agreement with MultiShip, a Moscow-based startup that aggregates offers from different shipment companies to help online retailers optimize their deliveries across the country. In addition to acquiring a stake in the startup for “several millions,” the NASDAQ-listed Russian search giant has purchased MultiShip’s software platform for $1 million, with …
Yandex invests in MultiShip: A perfect match on the Russian e-commerce service scene Read More
Berlin-based web hosting startup cloudpartner.de has raised €1.5 million from Runa Capital, a Moscow-based venture fund operating internationally. This Series A round – the terms of which have not been disclosed – will help the company provide managed services from infrastructure based entirely in Germany. With the many privacy concerns raised after the extent of the US government’s international espionage operations became known, Cloudpartner.de …
German web hosting startup Cloudpartner.de secures €1.5 million from Runa Capital Read More
Lamoda, a leading Russian online fashion retailer, announced today an equity investment of €10 million from IFC, a member of the World Bank Group. This investment – the first by IFC in Lamoda – aims to “support the company’s expansion as well as enable Lamoda to consolidate its sustainable growth while further raising environmental, social …
World Bank Group’s IFC invests €10 million in online fashion retailer Lamoda.ru Read More
Petnet, a Los Angeles based connected pet device company, has secured $1.125 million in a seed-stage round from Grishin Robotics, Kima Ventures, SparkLabs Global Ventures, and Launch Capital. The funding will be used to commercialize Petnet’s first product – The Petnet Smartfeeder – an intelligent pet feeder scheduled to ship to customers in mid-2014. Today’s …
Russian fund helps US startup “spark modernization of the global pet industry” Read More
Yesterday, Moscow-based venture fund Target Ventures announced it has acquired the Afisha-Rambler Group’s 49% stake in TimePad, a startup that offers online tools for event organizers. The amount of the transaction has not been disclosed. The new shareholder may provide the startup with a capital injection in the near future, the fund’s Mikhail Lobanov told …
Target Ventures acquires Afisha-Rambler Group’s stake in TimePad Read More
Russian entrepreneurs with global ambitions tend to dream of conquering Europe or the USA. However, Denis Nemtsev decided to try something more “outside of the box”. He travelled to Thailand to set up HipFlat, a real estate search startup which has just secured $335,000 from international angel investors. The funding round, which was oversubscribed and …
Russian entrepreneur raises $335,000 to launch real estate search engine in Thailand Read More
