Game Insight, a leading Russian mobile game publisher operating globally, announced last week that it raised $25 million from In Mobile Investment (IMI.VC), a Moscow-based venture fund established in 2011. The financial terms of the deal, which follows several smaller investments from IMI.VC over the past two years, have not been disclosed. “Game Insight has a …
Esther Dyson is a former journalist and Wall Street technology analyst, as well as a leading angel investor, entrepreneur, philanthropist, and business commentator. She has focused her career on breakthroughs in innovative healthcare, government transparency, digital technology, biotechnology, and space. Dyson is on the supervisory board of Yandex, as well as the advisory board of …
Hailo, a London-based mobile taxi booking service, announced earlier this week that it secured a $30.6 million investment, making it “the largest and best-capitalized taxi app network in the world with over $50 million raised.” New York-based Union Square Ventures (USV), Russia’s Phenomen, Japan’s KDDI, and Sir Richard Branson are joining existing investors Accel, Atomico …
Deadline for applications for the 2013 Russian Tech Tour: February 22 – The 2013 Russian Tech Tour, which will be held in Moscow and Kazan on April 23-26, will pair the most promising early and later stage growth companies with representatives from leading cross-border venture capital and global corporate firms. The funds that will be …
Tech Tour seeks 25 most promising emerging Russian technology companies Read More
UK-based international mobile operator Truphone announced this past Friday it has secured £75 million in a round of funding from investors including Russian billionaire Roman Abramovich. Abramovich’s investment company, Minden, has acquired a 23.3% stake for £70 million ($118 million), valuing the company at £300 million ($473 million).
Rambler-Afisha, an Internet group owned by Russian tycoon Vladimir Potanin’s ProfMedia holding, is seeking to attract an investor in Begun, a context advertising company which it fully acquired just months ago. In an exchange with the Russian business daily Vedomosti, Rambler-Afisha General Manager Nikolai Molibog confirmed that co-investment with a third-party was being considered in order …
Qiwi, a leading operator of cash payment terminals and electronic wallets operating in Russia and internationally, intends to invest in startups whose solutions could help the group develop its own offers. ‘Qiwi Venture’ will stand as a branch of the company, not a separate investment vehicle, Qiwi’s PR Director Alexandra Vysochkina said in an exchange …
Payment operator Qiwi to invest up to $1 million in Russian and foreign startups Read More
Cellrox, a leader in Bring Your Own Device (BYOD) Multi-Persona solutions for mobile devices, has secured $4.7 million in a Series A round led by Runa Capital, a Moscow-based international venture fund. The Israeli company’s existing investors, Previz Venture Partners, Columbia Technology Ventures, and others, have also participated in the round. The terms of the …
Last week Parallels announced that it secured an equity investment from Cisco to support joint go-to-market activities. The companies intend to strengthen collaboration towards accelerating customer adoption of Parallels cloud service delivery products with Cisco cloud and data center infrastructure solutions. The amount of the investment has not been disclosed, but Parallels press service confirmed to East-West Digital News …
Alexander Turkot, who resigned this past fall from his position as director of Skolkovo‘s IT cluster , has announced the launch of a new venture fund, which he hopes will raise as much as $100 million. The fund has already received a commitment from Renova for “up to $50 million,” Turkot told East-West Digital News. …
Smartfin, a provider of mobile payment solutions in Russia, completed its $2 million Series A round of financing in mid-December. The startup, which operates under the brand ‘2can,’ has enjoyed the participation of Almaz Capital and InVenture, two major Russian venture funds, as well as of Cisco VP Bob Agee and other unnamed business angels. …
InVenture and Almaz inject $2 million into Square clone 2can Read More
A mere two weeks after an executive of his management company stated the opposite in an exchange with Bloomberg, Russian billionaire Alisher Usmanov, the main shareholder of the Mail.ru Group, said he was willing to increase his group’s stake in Vkontakte.ru, Russia’s leading social network also known as VK.com. “If there is a reasonable market …
Vkontakte.ru ownership saga: Usmanov now plans to increase Mail.ru Group’s stake Read More
