Venture / Private equity

Runa Capital injects $2 million in mobile banking startup with global ambitions

October 3, 2013

Earlier this week RocketBank, a Moscow-based banking application startup, announced that it received $2 million in funding from Runa Capital, a Moscow-based fund operating internationally. RocketBank’s application, currently available only on iOS, allows users to complete money transfers that necessitate no bank details of a recipient, simply an e-mail address or e-wallet number – which the …

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Shareholder UCP believes Vkontakte founder has “pathological inability to respect agreements,” Durov threatens to sue for defamation

October 2, 2013

Yesterday Pavel Durov, the founder and CEO of Russia’s largest social network, Vkontakte.ru (VK.com), threatened to sue the company’s main shareholder, United Capital Partners (UCP), for defamation. The claim followed statements made by UCP partner Yuri Kachuro in an interview with “Zuckerberg Will Call,” a publication dedicated to the Russian startup scene. Among other complaints, Kachuro …

Shareholder UCP believes Vkontakte founder has “pathological inability to respect agreements,” Durov threatens to sue for defamation Read More

Fastlane, Prostor and Runa merge assets to create online health and medicine leader

September 27, 2013

Fastlane Ventures, Prostor Capital, and Runa Capital have shaken hands to combine two sites in the field of online health and medicine: VitaPortal, which has been funded so far by Fastlane, Prostor, and US business angel Esther Dyson, and Zdorovie Online, which is coming from Runa’s portfolio. Launched in 2011 as a medical news and …

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Interior design startup InMyRoom.ru raises $500,000 to develop photo-driven e-commerce

September 25, 2013

InMyRoom.ru, a Moscow-based startup that promotes home decor items, has just raised half a million dollars. The startup was launched one year ago and allows Internet users to buy interior furnishing and accessories based on attractive photos. The startup’s valuation has not been disclosed, but “both parties are happy with it,” the startup’s founder Ivan …

Interior design startup InMyRoom.ru raises $500,000 to develop photo-driven e-commerce Read More

IDCEE 2013: Kiev meeting point for US tech veterans, Eastern European startups, global VCs – and Brazilian guitar players

September 24, 2013

Since its inception in 2010, Kiev’s IDCEE has asserted itself as the leading tech event for Central and Eastern Europe’s investors and startups (see last year’s report by East-West Digital News). A rare phenomenon in such events, investors – coming from all parts of Europe and from as far away as the USA and India …

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TMT Investments injects additional $450,000 in US sales management software company Pipedrive

September 23, 2013

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced an additional investment in US software publisher Pipedrive. Incorporated in Delaware and headquartered in California, Pipedrive has developed powerful online sales management software aimed at businesspeople who want to actively drive their sales process and spend less time on administration.

Geolocated job search app launches in Moscow with $300,000 angel support

September 19, 2013

Qwenty, a Moscow based startup developing a mobile app for geolocated job searches, has raised $300,000 from serial startup investor Igor Ryabenkiy via his fund Altair. The fund now holds a 35% stake in the startup, the news agency RIA Novosti reported. The iOS and Android app, which is scheduled for launch in Moscow later …

Geolocated job search app launches in Moscow with $300,000 angel support Read More

From San Francisco, to Kiev, to Moscow – Four exciting events to discover Russian innovation

September 13, 2013

Whether you live in the US, Europe, or Russia, several major events in the coming weeks will provide you with unique opportunities to get acquainted with the latest of Russian high tech and entrepreneurship: The Russian Innovation Week next week in Boston and San Francisco; StartupMonthly events in Moscow on Sept. 22, 23 and 28; IDCEE …

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US-style Russian startup raises $500,000 to compete with SlideShare

September 12, 2013

Russian venture fund Prostor Capital has just invested $500,000 in Penxy, a Moscow-based startup that allows presenters to create “narrated slide shows.” The Penxy iOS app, which was released this past June, allows for one-tap streaming and recording of live presentations. The free app is easier to use than SlideShare, as presenters do not have …

US-style Russian startup raises $500,000 to compete with SlideShare Read More

$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic

September 10, 2013

Last week Palo Alto, California-based startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced that it has secured an investment from Maxfield Capital, a $100 million Russian venture fund that focuses on the IT and Internet segments. The startup, which has Ukrainian and Russian roots, also announced the appointment of Silicon …

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Moscow startup Goodwin turns magazines, TV screens, and subway advertisements into supports for mobile commerce

September 9, 2013

While Russian retailers are experimenting increasingly with multichannel approaches, Goodwin, a Moscow-based startup that has just secured seed investment, is introducing a pioneering mobile commerce project. Inspired by the Amazon Flow concept, Goodwin lets smartphone owners buy products from “virtual storefronts” – which can be almost anything from an article in a magazine, to a …

Moscow startup Goodwin turns magazines, TV screens, and subway advertisements into supports for mobile commerce Read More

Children’s goods online retailer Babadu.ru contends for market leadership after raising sizeable venture investment

September 9, 2013

In late August, Babadu.ru, an online children’s goods retailer, secured an investment of “a few million US dollars” from Target Ventures, a Russian fund that invests in the consumer goods industries. The funds will be used to strengthen the company’s existing projects and launch new ones, so that the company can reach a “leading position” …

Children’s goods online retailer Babadu.ru contends for market leadership after raising sizeable venture investment Read More

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