Venture / Private equity

TMT Investments invests in US online backup provider and Estonian business software publisher

August 3, 2012

The London-headquartered Russian fund TMT Investments has invested $5 million in equity funding in Backblaze, a leading California-based online backup provider. While Backblaze is already profitable, this funding will be used to accelerate hiring for product development, global marketing, and partnerships, the company stated last week. TMT also invested $325,000 in Pipedrive, an Estonian business software …

TMT Investments invests in US online backup provider and Estonian business software publisher Read More

SEO and advertising company SeoPult raises record $10 million; eyes foreign markets

August 1, 2012

Leading Russian SEO and online advertising automation platform SeoPult announced yesterday that it raised $10 million from iTech Capital, a Moscow-based private equity and VC fund, in exchange for an undisclosed minority equity stake. The amount stands as a record in the Russian online marketing industry. The SEO and SEM markets in Russia are growing steadily …

SEO and advertising company SeoPult raises record $10 million; eyes foreign markets Read More

Sarov technopark to raise $30m in venture investment

July 27, 2012

The technopark of Sarov in the Nizhny Novgorod region plans to raise 1 billion rubles, or some $30 million, to finance investment projects which will be selected through an innovation contest, the RIA news agency reported earlier this week. The contest will cover 13 different technological fields, including IT, supercomputers, space systems, transportation, and electrophysical …

Sarov technopark to raise $30m in venture investment Read More

International research study sheds full light on Russian e-commerce

July 24, 2012

Today, East-West Digital News is releasing a 316-page research study on the Russian online retail market – one of the fastest growing but least known (and most misunderstood) on the planet. The research – in which PwC in Russia and the Moscow Higher School of Economics, among others, took part – is based on interviews …

International research study sheds full light on Russian e-commerce Read More

Alternative accomodation websites attract VC money

July 20, 2012

Renthome.ru, a HomeAway.com clone offering short-term vacation rentals across Russia and the CIS, closed earlier this month an angel investment round of approximately $1 million. Participants in this round of investment include Russian and foreign entrepreneurs, as well as investors from the real estate market and finance sector, announced Fast Lane Ventures, which invested in …

Alternative accomodation websites attract VC money Read More

Moscow city’s seed fund teams up with VCs and angels to support innovation

July 16, 2012

The Moscow Seed Fund, a fund set up by the Moscow government to promote venture investment in local startups, announced earlier this month its decision to provide loans to innovative companies co-invested in by venture funds and business angels. A list of 12 such co-investors, picked on a tender basis, was approved by the fund. …

Moscow city’s seed fund teams up with VCs and angels to support innovation Read More

Award-winning social alarm service Budist.ru secures $2 million for international expansion

July 13, 2012

If you would like to be woken up tomorrow morning by a friendly stranger’s call instead of a typical alarm, this application is for you. Social alarm clock Budist.ru enables you to set up the date and time you wish to be awoken, and a volunteer will call you at that exact time. The service is …

Award-winning social alarm service Budist.ru secures $2 million for international expansion Read More

Mobile medicine startup ‘Life Button’ raises $1 million

November 12, 2020

Knopka Zhizni (“Life Button”), a startup that has developed a mobile medical alert system for the elderly and the disabled, has raised “over 35 million rubles” (over $1 million) from Rintech.ru, a subsidiary of the diversified high tech group IT Co. Founded in November 2010 by MBA students of the Skolkovo Management School, the startup turned heads last …

Mobile medicine startup ‘Life Button’ raises $1 million Read More

EBRD to invest $30.5 million in Russian Internet broadband provider

July 5, 2012

The European Bank of Reconstruction and Development announced yesterday its intention to invest up to $30.5 million in Trivon AG, an internet broadband provider operating in Russia under the Virgin Connect brand. The financing will allow the company to expand the coverage of Trivon’s internet broadband services in the Russian regions through the acquisition of …

EBRD to invest $30.5 million in Russian Internet broadband provider Read More

Travelers’ social network XLander.ru secures funding from Aurora Venture Capital

July 4, 2012

Russian high tech fund Aurora Venture Capital has acquired a 25% stake in XLander.ru, a Russian social network designed for frequent travelers. The investment amount has not been disclosed, but an analyst at JP Morgan’s Moscow office estimated it could range from $1.2 million to $1.8 million, the Russian news agency RIA Novosti reported. Founded …

Travelers’ social network XLander.ru secures funding from Aurora Venture Capital Read More

Fast Lane Ventures partners with Springstar to enroll jewellery social-saleswomen

July 2, 2012

Fast Lane Ventures, the Moscow-based serial Internet startup developer, has teamed up with Springstar, the German incubator backed by Oliver Jung and Klaus Hommel, to localize Juvalia&You on the Russian market. Juvalia&You targets women Internet users who are willing to launch their own small businesses, regardless of their professional background or age. The company provides …

Fast Lane Ventures partners with Springstar to enroll jewellery social-saleswomen Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.