Russia’s National Association of Business Angels (NABA), Atom Partners, a Moscow-based investment consultancy and high-tech investor, and RVC, the state-owned fund of funds dedicated to innovation, have presented the results of their 2013 business angel investing study. Tapping into a wide variety of open information sources, the partners found in their report that Russian business …
Life.Sreda, a Russian VC fund, announced last week that it has invested $730,000 in myWishBoard.com, a platform enabling online private fundraising by friends and families for fulfilling personal wishes. With this P2P service, users can contribute to a present for someone, and when a required amount is collected it is wired to the beneficiary’s e-account. The …
Life Sreda invests $730,000 in P2P platform myWishBoard.com Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced today the completion of a €100,000 investment in WeatherMe OÜ, a Tallin, Estonia based startup that develops farm management solutions under the VitaFields brand. The VitalFields mobile and web-based software application is helping farmers address several sensitive issues, from plant disease and growth phase …
TMT Investments invests €100,000 in Estonian farm management solution Read More
IQcard, a Moscow-based startup offering multifunction bank cards, has raised $3.7 million in a Series B round led by Kenges Rakishev, a prominent businessman from Kazakhstan. The startup’s valuation has not been disclosed. Existing shareholders Fastlane Ventures and Direct Group have also participated in the round along with an unnamed “prominent Russian IT entrepreneur,” Fastlane’s press …
Kazakhstani businessman Kenges Rakishev leads $3.7 million round in Moscow startup IQcard Read More
Competition in the saturated Russian online travel sector is fierce, and one of the main players last week took the dramatic step of a complete rebranding as it seeks to differentiate itself from its rivals. Skolkovo resident Oktogo, which was supposed to be read OK-to-go (a fact lost on many), has adopted the name Travel.ru, …
Oktogo.ru raises $5 million and switches to Travel.ru Read More
Delivery Club, a Moscow-based online food delivery service aggregator, has completed its fourth round of financing with $8 million secured from Phenomen Ventures as well as from existing investors AddVenture and Guard Capital. The startup had initially raised $400,000 in 2009, then $1 million from AddVenture and prominent Russian businessmen in 2011, then again $4 …
Delivery Club secures $8 million from Phenomen Ventures, AddVenture and Guard Capital Read More
Nival, a global developer of cross-platform strategy games, announced today that it has secured $6 million from the Russian fund Almaz Capital to fuel its global expansion strategy. The valuation of this Series A round has not been disclosed. To date Nival has been financed by CEO and founder Sergey Orlovskiy, who holds a majority …
Global game developer Nival raises $6 million from Russia’s Almaz Capital Read More
Earlier this month, Softline Venture Partners, the venture arm of the Moscow-based international software licensor and IT service provider Softline Group, announced an investment of $750,000 in an advanced IT developer, TurboHeads, in neighboring Belarus. ActiveCloud, another Softline Group subsidiary and IaaS/SaaS solution provider, has also participated in the round of financing. The group is …
Russia’s Softline Group invests in Bielorussian cloud potential Read More
Nebo.ru (‘sky’ in Russian), the largest Russian online jewelry store to date, has attracted a $2 million investment from Moscow-based fund AddVenture. The transaction, which terms have not been disclosed, was negotiated in October but only made public in late November. Founded in 2008, Nebo.ru claims to be the largest online retailer in its segment. …
AddVenture invests in e-store Nebo.ru and food delivery startup Chefmarket.ru Read More
Just over a month ago the Moscow Stock Exchange signed an agreement of cooperation with NASDAQ OMX. Now the American Stock Exchange will advise Russian technology companies and international organisations that do business in Russia, including how to prepare for their IPO. Given the excitement of many Russian companies surrounding this announcement, the results could …
Western investors “all looking at Russia,” claims NASDAQ boss Read More
iTech Capital, a Russian PE & VC fund, announced earlier this week that it has invested $10 million in Ticketland, a major Russian event ticketing company. More than two million tickets for more than 40,000 events are marketed annually via Ticketland outlets and Internet platforms, according to the company. The Russian market of sport and …
BeSmart.net, a Russian startup that presents itself as a “universal trading platform for Internet users to buy and sell educational and informative materials,” will receive from Hong Kong-based investment fund Education Matrix a total of $4 million over the next three years. After completing its development on the domestic market, the startup plans to start international …
New Russian educational content startup to receive $4 million from Hong Kong fund Read More
