GetGoing.com, a San Francisco-based startup that offers a new approach to booking discounted air tickets, announced earlier this week that it has completed its second round of financing from prominent individual investors and funds. Neither the amount of the round nor the company’s valuation were disclosed. The investors include Yury Milner and his international fund …
Yesterday, just days after witnessing the financing rounds of online shoe retailer Lamoda.ru and travel site Onetwotrip.com, the Russian Internet scene saw another giant funding operation with Ivi.ru, a major video streaming service. Ivi.ru raised no less than $40 million from private equity firm Baring Vostok Capital Partners, a shareholder of Yandex and Ozon.ru, along with existing investors …
Online video service Ivi.ru secures $40 million from leading Russian and Western investors Read More
Startup Genome recently published research on the most active start-up ecosystems around the world. It listed Moscow as #10. It’s great to see Russia’s largest city rocket into this spot, given that in 2001 less than $100 million/year was invested in Russian seed and early stage tech vs. billions of dollars of private equity money …
Global Venture Alliance (GVA) and the Summa Group yesterday announced an agreement with leading California accelerator Plug and Play Tech Center to create Plug and Play affiliates across Russia and other former Soviet republics. Following the opening of the first Russian Plug and Play in Moscow last June, new accelerators will be created in Daghestan, …
GVA and Summa to launch Plug and Play accelerators across Russia and CIS Read More
Onetwotrip.com, a rising star in the Russian online travel market, has just raised approximately $9 million from Phenomen Ventures, yielding a minority stake to the fund. The startup’s valuation has not been disclosed, but the Russian business daily Kommersant reported it might have been in the range of $70 million. Onetwotrip was launched in May …
Air ticket booking site Onetwotrip secures $9 million from Phenomen Ventures Read More
Runa Capital, a Moscow-based international venture fund, has invested $5 million in the educational startup at an undisclosed valuation. Dnevnik.ru was established in 2007 as a free, nationwide school network. The site currently serves 21,000 Russian and Ukrainian schools, attracting over 4 million pupils, parents, teachers, and school administrators – up 1 million in the …
Social educational network Dnevnik.ru raises $5 million for international expansion Read More
Yesterday, Lamoda.ru, a major online fashion retailer, announced it has received an investment from J.P. Morgan Asset Management. Lamoda did not disclose the amount of this investment, nor its valuation. The capital injection amounted to somewhere between $40 million and $80 million, East-West Digital News learned from a source close to the company, making the …
The investment arm of VTB Group, a leading Russian state-controlled financial group, VTB Capital has financed a number of Russian and foreign small and mid-sized IT companies. In the e-commerce and related fields, VTB Capital owns stakes in Mobidengi, a leading mobile payment service provider and Oktogo.ru, a major online hotel booking service, in addition …
Pruffi.ru, a headhunting agency that uses social networks to identify and hire professionals for the Russian Internet industry, has raised $1.2 million from Almaz Capital, a leading Russian venture fund. Almaz received a stake of “just under 30%,” Pruffi founder Alena Vladimirskaya told East-West Digital News. The funds will be used partly for international expansion, …
Social recruiting agency Pruffi.ru secures $1.2 million investment from Almaz Capital Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced yesterday a $400,000 investment in Virool. The Russian-American startup is developing a self-service video platform enabling video creators to target audiences across a network of online publishers, blogs, social games and mobile applications. The startup also offers an application that makes it easy for publishers …
Self-service video platform Virool secures $400,000 from TMT Investments Read More
Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, announced yesterday it has secured a capital injection of $49 million from Kite Ventures, a Moscow-based venture fund operating internationally, and Kreos Capital, a leading European provider of growth debt and equity investment for high-growth companies. The round of funding has …
Delivery Hero raises $49 million from Russian and Western funds Read More
Infratel, provider of cloud telephony services for small businesses, announced yesterday it has secured $3 million in Series A funding from Moscow-based international funds Prostor Capital and Runa Capital. The terms of the deal have not been disclosed. The funds will be used to build out Infratel’s cloud telephony platform for small business and to strengthen the company’s presence globally.
