Venture / Private equity

Physicians’ portal MirVracha secures $1.4 million from Japanese investors

June 8, 2012

MirVracha.ru, a major Internet portal for physicians and medical students, has completed its first round of financing, totaling $1.4 million. The round was led by Japanese fund UMJ Russia, which received a majority stake, with the participation of M3 Inc., a Japanese company offering innovative web solutions for medical professionals and the life sciences industry, …

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Dimeres reaches 15 million e-fashion aficionados monthly; nabs €1 million from French investor

June 6, 2012

Yesterday, Paris-based Olma Invest SAS announced it has invested €1 million in Dimeres, a group of e-commerce and e-marketing companies operating in the field of fashion, in exchange for a 25% stake. Founded in 2011 by French entrepreneurs Maximilien Jacquet and Frédéric Bonelli, Dimeres has adapted successful shopping models from Western markets. Among the Dimeres …

Dimeres reaches 15 million e-fashion aficionados monthly; nabs €1 million from French investor Read More

First Russian cash-back marketplace launches; claims to have raised $60 million

June 5, 2012

A major player on the Russian e-commerce scene suddenly emerged in late May: a cash-back e-commerce platform called Clickandpay.ru that claims to have raised $60 million to finance just the first stages of its development. After a few months operating in test mode, the site has already enrolled more than 50 e-shops, including  such market …

First Russian cash-back marketplace launches; claims to have raised $60 million Read More

Moscow-based venture fund Runa Capital increases size, broadens focus

June 5, 2012

Runa Capital announced today that it has increased its holdings from $75 million to $135 million through a private offering with its existing partners. This additional capital will enable the fund to increase its maximum investment size to the $10 million level, compared to $5 million previously. The fund is also broadening its focus beyond …

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Russian and Western funds acquire minority stakes in online procurement service B2B-Center

June 4, 2012

A consortium of investors led by Da Vinci Capital Partners, Insight Capital, Alpha Associates and Runa Capital has invested $45 million for a minority stake in B2B-Center.ru, the leading online procurement platform in Russia. This cash-out deal valued the company at an approximate $160 million, company founder Alexander Boyko told Russian business daily Vedomosti last …

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From ‘Kalinka’ to high tech startups, two conferences showed Russia’s changing face

June 4, 2012

Two important international tech events took place on May 28 and 29 in Moscow, nearly simultaneously and almost in the same location, a former chocolate factory in center town. The first was the legendary DLD Conference, making its Moscow debut, and the second event was an international startup and investor conference named “42.” The events …

From ‘Kalinka’ to high tech startups, two conferences showed Russia’s changing face Read More

Russian business angels to access Gust’s international investment platform

May 31, 2012

Gust, the investor relation platform connecting high-growth entrepreneurs and active early-stage investors, and the Russian National Association of Business Angels (NABA), announced last week they have signed an agreement to allow Russian investors to access Gust’s platform. NABA is a not-for-profit organization representing the organized business angels, seed funds, and other early-stage venture capitalist communities …

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Speaktoit secures funding from Intel Capital

May 31, 2012

Speaktoit, a developer of technologies based on natural language conversations, announced last week it has received an investment from Intel’s investment arm, Intel Capital. The investment amount and the startup’s valuation are kept undisclosed. Founded in Russia in October, 2010, Speaktoit attracted angel money in January, 2011. It also received a grant from Skolkovo, the state-sponsored …

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IFC partners with IXcellerate to expand access to IT infrastructure in Russia

May 30, 2012

Moscow, Russia — IFC, a member of the World Bank Group, is making a $2.6 million (RUB 83 million) equity investment in datacenter operator IXcellerate to support the construction of a major data facility, expanding access to information technology infrastructure for businesses in Russia. Construction of a new top-tier datacenter with an internationally experienced management …

IFC partners with IXcellerate to expand access to IT infrastructure in Russia Read More

Vkontakte’s IPO “postponed indefinitely;” shareholder Mail.ru Group yields control to founder

May 30, 2012

“No IPO is being planned. Facebook’s IPO has destroyed the trust of many individual investors in social networks, so [our] IPO is postponed indefinitely,” Vkontakte’s founder and co-owner Pavel Durov tweeted on Monday, answering a Russian journalist’s question. Durov had expressed his IPO intentions a mere five months ago at the DLD tech conference in …

Vkontakte’s IPO “postponed indefinitely;” shareholder Mail.ru Group yields control to founder Read More

Leta Group launches venture fund, announces Displair as first investment

May 28, 2012

Last week, Leta Group, a prominent Russian IT security holding, announced  the launch of ‘Leta GIV,’ its corporate venture arm, along with its first investment – interactive air screen maker Displair. “Generating projects internally is not enough to seize the opportunities offered by Russia’s booming innovation environment, so we decided to create this dedicated vehicle,” …

Leta Group launches venture fund, announces Displair as first investment Read More

Fast Lane Ventures and Ru-Net launch event management and ticket booking system

May 25, 2012

Moscow-based serial startup developer Fast Lane Ventures has teamed up with Ru-Net, an established Russian venture fund, to launch Eventmag.ru, an online service to organize events and book event tickets. The well known US site Eventbrite.com was taken as a model, Fast Lane openly acknowledges, with the ultimate goal of providing a ticket selling platform …

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