Evernote, a California-headquatered company founded by a Russian-American team in 2007, has just completed a $85 million round, CEO Phil Libin announced on his blog yesterday. The round was led by London-based AGC Equity Partners/m8 Capital with participation from Valiant Capital Partners and existing investors. Seventy five percent of this money comes in the form of …
Evernote raises $85 million with “no exit strategy” Read More
Printio.ru, a Moscow-based startup offering personalized printing services, has just raised $700,000 from a total of 18 Russian and Western business angels. The terms of the deal have not been disclosed, but Printio’s co-founder Aleksandr Shamis told East-West Digital News that the founders got a “good valuation” and have kept a controlling stake. Launched officially …
Tricolor TV, Russia’s leading pay TV operator with 8.5 million paid subscribers, claims half a million HDTV subscribers, with optimistic plans to reach 3.9 million subscribers by next year and 7 million by 2015, the Russian tech news portal Digit.ru reported last week. Aiming to become the leading European HD provider, in March of 2012 …
Tricolor affirms leadership on pay TV market, attempts to attract investment from VTB Read More
While venture funds are springing up in Moscow, one small fund in particular should not go unnoticed. Established just two months ago, Cloud4Auto focuses specifically on automotive technologies – a unique case in the world, the Chairman of the fund’s Supervisory Board, Innokenty Belotsky, told East West Digital News. “Cars are a very important part …
New seed fund helps startups “change the way cars are sold and serviced” Read More
Yesterday, RVC, the state-owned fund of funds dedicated to innovation, announced a new program to complement business angel investment in Russian startups at very early stages. The fund’s co-investment will amount to up to 3 million rubles (approximately $100,000), covering from 25% to 75% of the rounds of funding. Business angels are eligible to submit co-investment …
State-owned fund to complement business angel financing Read More
Leading Russian venture fund Almaz Capital announced earlier this week that its portfolio company Vyatta, a Belmont, California-based publisher of software security and networking solutions, has been sold to Brocade, a major provider of network solutions. Almaz had acquired a minority stake in the company – less than 25%, PR Director Anna Goryacheva told East-West …
Investors now have a new instrument to identify and assess startups: the Russian Startup Index (RSI), which was tested for the first time last week at the Open Innovations international forum in Moscow. The index rates each startup with a combination of letters, from “AAA” (most attractive) to “D” (expected to fail), in a way …
New rating helps investors identify Russia’s best startups Read More
ClipClock, a Russian video sharing startup, announced yesterday a $2.5 million funding by Runa Capital, a Moscow-based venture fund operating internationally. The investment will be used to develop advanced functionalities, increase the startup’s user base, and prepare global expansion.
Softline Venture Partners told East-West Digital News that it has just invested $500,000 in Apps4all, a company that carries a community of Russian mobile app developers with a variety of media, event, training, research and advertising activities. The terms of the deal were not disclosed. A $20 million fund, Softline Venture Partners is the venture …
Softline Venture Partners invests in mobile app developer community Read More
Last week, Russian Internet marketing company ALTWeb Group announced the creation of its venture arm ALTWeb Capital, which will focus on pre-seed and seed stage investments of up to $400,000. The fund is seeking to invest, in particular, in SaaS solutions, as well as in Internet marketing and advertising services.
A Siberian miner’s son with a degree from the St. Petersburg Mining Institute, one could be guilty of assuming entrepreneurship and investment were a million miles from the life Oleg Tinkov once knew. After moving to St. Petersburg in 1988, Tinkov had a string of jobs in everything from a furniture factory, to a bottle-collection …
Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also known in Russian as RII-board – has enjoyed the support of RVC and Rusnano, two state-owned organizations …
Ninety startups trade shares electronically through IPO Board Read More
