Venture / Private equity

Kiev’s IDCEE attracts investors from USA to India; Russian startups win top prizes

October 30, 2012

Once again this year, the annual IDCEE conference held in Kiev on October 18th and 19th attracted an impressive array of Internet oriented investors, startup entrepreneurs, and professionals of all kinds from far beyond Ukraine and the neighboring countries (see videos). A rare phenomenon in such events, investors – coming from all parts of Europe …

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Atomico invests $16 million in Onetwotrip, “The most efficient, elegant and innovative travel service in the world”

October 30, 2012

Onetwotrip.com, a Russian air ticket booking site launched less than 18 months ago, announced last week that it has received a $16 million capital injection from international venture fund Atomico. The funding comes as a complement to the $9 million invested last month by Phenomen Ventures, a fund established earlier this year by Russian tech …

Atomico invests $16 million in Onetwotrip, “The most efficient, elegant and innovative travel service in the world” Read More

Intel Capital and Runa Capital invest $4 million in personal service aggregator Eruditor

October 25, 2012

Looking for a fitness instructor, plumber, or hairdresser? Need an appointment with a doctor or want to hire a performer? You will probably find the professional or small business you need using one of the eight service marketplaces of Eruditor, a startup that claims to have served 300,000 users since its launch in 2007. “Eruditor’s …

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KupiVip raises $12 million from Polish investor

October 25, 2012

KupiVip Holding, the owner of the largest online fashion shopping club in Russia, has raised $12 million from Warsaw-headquartered MCI Management, a multi-stage technology private equity group operating in Central and Eastern Europe. The investment will be used for various purposes, KupiVip stated, from “further development of order fulfillment capacities to business growth, with the …

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Restaurant software publisher iiko raises $6 million for international expansion

October 24, 2012

Russian HORECA software publisher iiko has finally secured the funds it had been seeking for nearly one year. The funds have been provided by Russian tech fund Leader Innovations, Russian business daily Vedomosti reported on Monday, citing the iiko’s General Director Roman Abramov. The $10 million investment will be released in two tranches, including $6 …

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Startup-Afisha goes global with English-language Russian startup database

October 16, 2012

Startup-Afisha, an online resource for Russian startups that has thus far focused on the domestic market, yesterday announced a decisive shift to address a global audience. Slated for launch next month, its startup database RusBase will “provide Russian IT startups with access to leading Western funds” and “link Russian funds to international partners for co-investment.” …

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Asia Pacific investors in Moscow; Chinese and Russian VC associations sign cooperation agreement

October 10, 2012

The third Global Innovation Partnership forum (GIP 2012) finished its work in Moscow last week. During the forum, venture investors from Asia Pacific Region (APR) studied Russia’s potential in the field of innovation and discussed with their Russian colleagues specific lines of further cooperation, investment opportunities in high-tech projects as well as joint efforts to develop …

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“The future is f!@*ing bright! Time to buy sunglasses!” Dave McClure on what makes Russia so sexy to Silicon Valley

October 9, 2012

Once a remote hinterland in terms of foreign investment, Russia is now emerging as a hot destination for investors looking for a slice of the action on the digital frontier. The recent Landing Page conference organised by Digital October Center for Geeks on a Plane (GOAP) participants, Russian VCs and entrepreneurs was a perfect example …

“The future is f!@*ing bright! Time to buy sunglasses!” Dave McClure on what makes Russia so sexy to Silicon Valley Read More

Russian Internet users experiment with social traveling

October 8, 2012

As major online booking sites deploy millions of venture dollars in a fight for leadership, a startup founded just three months ago is bringing a fresh concept to the Russian online travel market. iknow.travel collects, supports and encourages primary social networking among travelers. Users can discover interesting destinations based on the actual traveling experiences and …

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Utility services management startup secures $1.2 million from Runa Capital

October 5, 2012

Runa Capital, a Moscow-based fund operating internationally, announced earlier this week that it has invested $1.2 million in Domosite.ru, a Russian startup that develops solutions for utility services management companies. The terms of the deal were not disclosed. Domosite.ru addresses a market of approximately 30 million households in Russia. Its solutions are intended for the …

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Bright Capital funds fotoshkola.net for international expansion

October 4, 2012

Bright Capital, the international venture investment arm of Russian billionaire Mikhail Abyzov, has invested “from $3.5 million to $4 million” in exchange for a minority stake in Fotoshkola.net, RBC Daily reported earlier this week, citing unnamed sources in the venture industry. When contacted by East-West Digital News, however, Bright Capital declined to confirm the figure …

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