Venture / Private equity

St. Petersburg regional fund supports innovative payment solution developer

March 7, 2013

A state-supported venture fund in St. Petersburg (“The St. Petersburg regional venture fund for investment in small businesses in the scientific and technical sphere,” in Russian officialese) has announced an investment of an undisclosed amount in Breeze Technology, a startup developing innovative payment methods for public transportation. Breeze Technology has provided St. Petersburg and Moscow …

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Ventech, Kite Ventures and Ru-Net fuel Moscow startup for “Russia’s first e-commerce love brand”

March 5, 2013

Last month Moscow-based fashion retailer Trends Brands announced it had raised $4 million in a Series B round. The amount includes $3 million from French venture fund Ventech and $1 million from Ru-Net and Kite Ventures, two Russian funds operating internationally, a source close to the deal told East-West Digital News. Ru-Net and Kite Ventures had …

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Brilliant mobile payment startup raises $8 million but faces many unknowns

March 1, 2013

uBank, a mobile payment startup launched in late 2011, announced earlier this week an $8 million capital injection – its first round of funding – from Runa Capital, a Moscow-based venture fund that operates internationally. uBank’s valuation has not been disclosed, but its CMO Evgeniy Kozlov told East-West Digital News that the founders have kept a …

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Russian mobile advertising startup raises $1 million to go global

February 25, 2013

TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week that it has invested $1 million in mobile advertising network Adinch in exchange for a 20% stake. Adinch has developed a “universal self-service mobile advertising platform,” enabling advertisers to organize campaigns on iOS and Android mobile devices and developers to monetize their mobile …

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Social video platform Virool raises giant $6.62 million seed round

February 22, 2013

Virool, a San Francisco-based startup founded in 2011 by a Russian team, has announced that it raised $6.62 million from leading venture funds and business angels. The operation actually took place several months ago, two sources close to the deal told East-West Digital News, but was announced only last week. A Y-Combinator graduate, Virool defines itself as …

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Fastlane founder Pascal Clément’s new tech fund invests around the world

February 19, 2013

Pascal Clément, the Moscow-based French entrepreneur who co-founded Fastlane Ventures, has broadened his investment focus to include a range of new countries through a new investment vehicle, christened Simile Venture Partners. Since it launched in June of last year, Simile has been investing at the seed or early stages “in any geography where market opportunities …

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Black Ocean invests $500,000 in educational e-commerce

February 19, 2013

International investor Black Ocean has put $500,000 into the Russian educational e-commerce site BimBasket, Rusbase.com reported last week. Scheduled for launch next month, the site will enable parents to subscribe to a recurring product offer – from toys to books to musical instruments – designed to instruct and entertain their infants and young children. The …

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Online car credit solutions startup secures $400,000 VC investment

February 18, 2013

Car-Fin, a Russian startup developing innovative solutions for online car brokers, announced last week that it secured $400,000 in funding from investment fund Prostor Capital and the Moscow Seed Fund, the venture investment vehicle of the Moscow city authorities. The startup is a graduate of GTI Labs, the business accelerator launched last year by investment consulting …

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New real estate listing site maps properties in 38 Russian cities

February 18, 2013

Two western real estate professionals, Stephen Inscoe and Carlo Walther, told East-West Digital News that they have launched an innovative real estate listing site christened ‘Idinaidi.ru’ (“Go and find” in Russian). They have received financial support from international investment firms Sorren Media and Camco Private Equity Group. After running in beta testing since mid-December, the …

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Berlin microfinance software startup Mambu raises $2 million from Germany’s Point Nine and Russia’s Runa Capital

February 18, 2013

Berlin-based Point Nine and Russia’s Runa Capital are teaming up to invest $2m in Mambu, a Berlin-based SaaS startup one of its supporters says could “radically change the entire face of the microfinance industry.” Kizoo, a previous investor in the microfinance technology services provider, also contributed to the funding round. The startup provides a SaaS solution to …

Berlin microfinance software startup Mambu raises $2 million from Germany’s Point Nine and Russia’s Runa Capital Read More

Prostor Capital seeks new investor for online video solution provider Dulton Media

February 15, 2013

Prostor Capital is considering selling its majority stake in Dulton Media or “associating it with a strategic partner” to further develop it, the fund’s Managing Director Alexey Solovyov said in an exchange with East-West Digital News. A Moscow-based startup specializing in online video solutions, Dulton is developing such projects as YaTV, a video broadcasting and …

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Cargo freight solutions startup raises $1 million from Runa Capital

February 12, 2013

Gruzobzor.ru, a provider of online solutions for cargo freight, has secured $1 million from Runa Capital, a Moscow-based international venture fund. The terms of the deal have not been disclosed, but Runa indicated it got a minority stake, Rusbase.com reported earlier this week. Gruzobzor’s solutions enable shippers and freight forwarders to share electronic documents and …

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