Venture / Private equity

RT-Invest launches later-stage IT fund for Russian and foreign companies

May 27, 2013

RT-Invest, the investment arm of the Russian Technologies State Corporation, has launched a closed private equity fund called “RT-Invest Global Technology I.” The new fund is in fact a sub-fund of the $400 million Global Technology Fund, explained RT-Invest PR representative Victoriya Mikhalchenko in an exchange with East-West Digital News. It was created to invest …

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Grishin Robotics invests $500,000 in Swivl video docking station

May 23, 2013

The Grishin Robotics investment company, established by Mail.ru Group CEO Dmitry Grishin, announced yesterday that it has invested $500,000 in Swivl, a robotic video platform for iOS devices. This funding round brings the total capital attracted by Swivl to $1.625 million. California-based Swivl produces robotic docks compatible with the iPhone and iPad that can play …

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Music analysis startup FindStream monitors 27,000 Internet radio stations

May 21, 2013

Balakam, a Russian company which launched a search engine for media content two years ago, has just released the beta version of its new project, christened FindStream. The service monitors more than 27,000 Internet radio stations every two minutes, providing users with data on track popularity and emerging trends in the music industry. The service …

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Report: DST invested $315 million in German startup incubator Rocket Internet

May 8, 2013

Digital Sky Technologies (DST Global), the global investment fund led by Yuri Milner, appears to be a major investor in German startup incubator Rocket Internet. According to the incubator’s slide deck, found by The Manager magazine, DST has already pumped $315 million into the project. This makes DST the second biggest investor in the incubator …

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Moscow Seed Fund and Igor Ryabenkiy invest in social shopping advisor

November 19, 2014

SocialMart, a two-year-old Russian product recommendation service for social networks, raised an as yet unspecified amount of investment in late April from Moscow Seed Fund, Moscow City’s venture arm, and Igor Ryabenkiy, a serial Russian angel investor. Ryabenkiy already backed the Moscow-based startup last fall in SocialMart’s seed round. That investment helped the company further …

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From Skolkovo to Kazan, international VCs visit top innovation spots but lose hockey match against local champions

May 2, 2013

Held last week in Moscow and Kazan, Tatarstan, the 2013 edition of the Russian Tech Tour offered yet another illustration of the growing appeal of the Russian tech scene to venture capitalists. Not only did more than 70 Western and Russian businessmen visit some of the Russian capital’s hottest tech spots, from Skolkovo to Digital October, they …

From Skolkovo to Kazan, international VCs visit top innovation spots but lose hockey match against local champions Read More

Remote working platform Workle raises $3.5 million

April 30, 2013

Moscow-based startup Workle, whose platform enables residents of Russia’s regions to work on a remote basis for leading companies, announced last week it has raised $3.5 million in its second round of funding. The investment came from Klever Internet Investment, the technology branch of a major Russian private investor, Klever Asset Management. Klever has also received the …

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Russia’s venture market doubled in 2012, but angel investing still lacked maturity

April 25, 2013

Last week, RVC, the national fund of funds dedicated to innovation, and PWC presented a report about the Russian VC market in 2012. While in 2011 the total amount of deals reached approximately $400 million, the market more than doubled in 2012, reaching $910.6 million. The figure includes only those deals which have been made …

Russia’s venture market doubled in 2012, but angel investing still lacked maturity Read More

Russian angels invest in innovative Finnish online-offline retail analytics

November 19, 2014

Walkbase, a Finnish startup that has developed an innovative retail analytics solution, has received a seed capital injection from Russian and Scandinavian investors after four years of R&D. Neither the amount of the round nor the company’s valuation have been disclosed. The investors include Leonid Gluzman and Leonid Volkov, two Russian business angels, and Jan …

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New Vkontakte shareholder UCP offers peace to Durov and Mail.ru Group

April 22, 2013

In a controversial TV program aired yesterday, Ilya Shcherbovich, the president of the UCP fund which has just acquired a 48% stake in Vkontakte, brought some clarity to his strategy as a major shareholder of Russia’s first social network. Shcherbovich presented himself as a purely financial investor interested in an asset for which he sees bright prospects. …

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Almaz, Runa and TA Venture team up to establish Ukraine’s first IT-focused grant fund

April 17, 2013

Three major venture capital funds, Moscow-based Runa Capital and Almaz Capital as well as Kiev-based TA Venture, in conjunction with BIONIC Hill innovation park, Ukraine’s first innovation park, are joining forces to establish the Global Technology Foundation (GTF). Ukraine’s first grant fund specifically devoted to IT, the foundation will provide pre-seed stage grants and support for promising …

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