Venture / Private equity

QWave Capital invests $5.6 million in Switzerland’s ID Quantique

October 21, 2013

Last week ID Quantique (IDQ), a Geneva-based company that develops commercial encryption technologies based on the principles of quantum physics, raised $5.6 million in funding from Quantum Wave Capital (QWave Capital), a Moscow-based venture fund operating internationally. QWave Capital gained a significant but minority stake in IDQ thanks to the funding, $4.5 million of which was …

QWave Capital invests $5.6 million in Switzerland’s ID Quantique Read More

International study sheds full light on Russia’s online video market

October 18, 2013

In partnership with comScore, Ernst and Young and The Next Web, East-West Digital News is releasing a 100-page study on the Russian online video market, a fast-growing segment that deserves renewed attention. A variety of factors is set to drive strong further growth, from the new anti-piracy legislation – which is likely to increase content …

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Russian-American web server publisher Nginx raises $10 million from US fund NEA

October 17, 2013

Nginx, an open source web server publisher (pronounced “engine-x”), secured $10 million in a Series B Round of financing from New Enterprise Associates (NEA). The round also included full participation of existing Series A investors, Moscow-based early stage venture fund Runa Capital, US fund MDS Capital and US-German fund e.ventures, as well as participation from Aaron Levie, CEO …

Russian-American web server publisher Nginx raises $10 million from US fund NEA Read More

Prostor Capital invests $2 million in retail marketing solution Smart Checkout

October 17, 2013

Open Retail, a subsidiary of marketing communications agency Open Group, has raised about $2 million from Prostor Capital to develop Smart Checkout, a hardware and software system that identifies customer preferences during checkout and produces a targeted advertising message via coupon. The company claims that its technology currently has no direct competitors on the Russian …

Prostor Capital invests $2 million in retail marketing solution Smart Checkout Read More

Yandex acquires leading movie portal KinoPoisk from France’s AlloCine

October 16, 2013

Yandex, Russia’s leading search engine and major Internet group, announced yesterday that it acquired KinoPoisk (in Russian: “Cinema Search”), the largest Russian language portal on movies, TV programs and celebrities. This site’s database contains 100 million movie descriptions and ratings with associated trailers, user commentaries and advertising. Each month, it attracts nearly 16 million unique …

Yandex acquires leading movie portal KinoPoisk from France’s AlloCine Read More

Lamoda.ru CEO Niels Tonsen: “We’re focusing on building a great business without wasting time thinking about potential exit scenarios.”

February 5, 2017

When he was sent to Moscow in late 2010 to launch Lamoda, 26-year-old Niels Tonsen had no experience of Russia but already numerous years of experience in Internet projects – including working for German incubator Rocket Internet and its projects Groupon International and Zalando. The goal – to build Russia’s online leader in the footwear …

Lamoda.ru CEO Niels Tonsen: “We’re focusing on building a great business without wasting time thinking about potential exit scenarios.” Read More

St. Petersburg CRM software startup Fresh Solutions raises $1.1 million to prepare international expansion

October 14, 2013

Fresh Solutions, a St. Petersburg-based publisher of cloud-based CRM solutions, has secured 37 million rubles (a little more than $1.1 million) from Imperious Group. The startup was valued at $6 million pre-money, East-West Digital News learned from the press service of Ingria, the major St. Petersburg technopark that incubates the startup. Founded in 2011, Fresh …

St. Petersburg CRM software startup Fresh Solutions raises $1.1 million to prepare international expansion Read More

E-book distributor LitRes raises $5 million from Russian Internet Technology Fund

October 11, 2013

LitRes, a leading online retailer of Russian language e-books, has raised $5 million from Russian Internet Technology Fund (RITF), a $50 million fund established earlier this year. The company’s valuation has not been disclosed, but the fund stated that it had received “a significant stake” in the company. With $7 million in sales in 2012, …

E-book distributor LitRes raises $5 million from Russian Internet Technology Fund Read More

US-Russian mobile data analytics startup Cinarra secures $4.5 million from Almaz Capital, Cisco

October 11, 2013

Cinarra Systems, a developer of mobile operator analytics and monetization technologies, announced yesterday a $4.5 million Series A round of “venture capital and strategic financing.” The round was led by Russia’s Almaz Capital, while Cisco and undisclosed individual investors also participated. Geoffrey Baehr, a general partner at Almaz Capital, will join the company’s board. Cinarra …

US-Russian mobile data analytics startup Cinarra secures $4.5 million from Almaz Capital, Cisco Read More

JavaScript error tracker Qbaka raises $200,000 in seed-stage funding from Maxfield Capital and angel investor Igor Ryabenkiy

October 8, 2013

Last week Maxfield Capital, a Moscow-based $100 million venture fund, and Altair, the investment vehicle of serial business angel Igor Ryabenkiy, announced a seed-stage investment in Qbaka, an award-winning startup developing a solution to track JavaScript errors on web services. The round amounted to $200,000, but may be completed with other investors, Qbaka’s co-founder Andrey …

JavaScript error tracker Qbaka raises $200,000 in seed-stage funding from Maxfield Capital and angel investor Igor Ryabenkiy Read More

New $30 million fund expects 45% return rate; makes first investment in task outsourcing service Youdo.com

July 14, 2016

Former executives of Finam Global, the venture arm of leading Russian financial group Finam, have launched a $30 million high-tech fund to invest in “fast-growing markets of considerable size.” Christened ‘Flint Capital,’ the fund comes as the fifth sizeable one launched in Russia since the beginning of the year – after FRII, a $200 million …

New $30 million fund expects 45% return rate; makes first investment in task outsourcing service Youdo.com Read More

TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe”

October 4, 2013

Not only is Mrs Tigipko one of these exquisitely educated and beautiful ladies one can meet in Kiev, she also is an inexhaustible source of ideas and energy when it comes to innovation and venture activity. In a mere three years, she has transformed a Kiev event, IDCEE, into the international face of the East-European startup and venture scene. …

TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe” Read More

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