International

Sberbank prepares to launch new international fund of up to $250 million

November 15, 2016

Sberbank, Russia’s national savings bank, is in the process of creating a second venture fund, Russian news agency TASS reported last week. The size of the new fund, which will involve other investors, could reach up to $250 million, TechCrunch wrote yesterday. Sberbank invested $100 million in its first corporate venture fund, SBT Venture Capital (managed by MoneyTime Ventures). …

Sberbank prepares to launch new international fund of up to $250 million Read More

Flint Capital leads $20 million round for Job Today

November 15, 2016

Flint Capital has led a $20 million round of funding for Job Today, a Luxembourg startup which operates jobs marketplaces in London and Spain. Also involved in the round are Accel Partners, Mangrove Capital Partners, and Channel 4’s Commercial Growth Fund, Business Insider reported last week. Launched in Russia in 2013, Flint initially targeted domestic startups. Since then, …

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Yandex.Taxi launches in Ukraine

March 2, 2017

In late October Yandex, the Russian search giant, launched taxi booking service Yandex.Taxi in Ukraine. The service – which operates exclusively in partnership with taxi companies – is available exclusively in Kyiv (Kiev), but Yandex plans to expand it beyond the Ukrainian capital. “Our next targets are Odessa, Kharkov (Kharkiv) and Dnipro [previously known as Dnepropetrovsk or …

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Microsoft investigated by Russian antitrust body after Kaspersky complaint

November 15, 2016

Last Thursday, Russian antitrust authority said it had opened an investigation into Microsoft for allegedly abusing its dominance in the antivirus software market. The Federal Antimonopoly Service (FAS) is investigating whether the tech giant is in violation of Part 1 Article 10 of the Federal Law ‘On Protection of Competition,‘ which prohibits companies occupying dominant …

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Access to LinkedIn from Russia likely to be blocked imminently following new court decision

February 16, 2017

Rejecting an appeal from the US company, a Moscow municipal court confirmed today an earlier court decision to consider LinkedIn as violating the Russian legislation on personal data storage. The news has just been reported by the Russian news agency Interfax. As a consequence, the telecom regulator Roskomnadzor — which had initiated the legal procedure against LinkedIn — will require operators …

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Russia and China launch new joint tech investment fund

November 10, 2016

In a new illustration of the two countries’ willingness to strengthen their ties in the field of high technologies, the Russia-China Investment Fund (RCIF) and Chinese company TUS Holdings have agreed to establish a joint Russia-China Venture Fund (RCVF). Signed earlier this week, the partnership has just been announced by the RDIF, Russia’s sovereign fund, which created the …

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Mail.ru Group acquires Rocket Internet’s Russian food delivery business for $100 million

November 3, 2016

Today Mail.ru Group, a leading, LSE-listed Russian Internet company, announced the acquisition Delivery Club, the number one food delivery company in Russia owned by Rocket Internet’s Foodpanda. The Russian group is acquiring 100% of Delivery Club for $100 million in an all cash transaction, with 90% of the amount to be paid in November and the remaining part …

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Russian VC Leonid Boguslavsky keeps supporting portfolio companies across the world, but is cautious about entering new markets

November 7, 2016

Exemplifying the globalization of Russian venture capital, Ru-Net has made a variety of investments in the USA, Europe and Asia, mostly in the field of e-commerce. While continuing to support its portfolio companies, the fund does not intend to enter new markets, said its founder Leonid Boguslavsky, a figure of the Russian venture scene, in a recent interview with the …

Russian VC Leonid Boguslavsky keeps supporting portfolio companies across the world, but is cautious about entering new markets Read More

Was a Trump server communicating with Russia?

November 15, 2016

In late spring, US malware hunters placed themselves in a high state of alarm. Word arrived that Russian hackers had infiltrated the servers of the Democratic National Committee, an attack persuasively detailed by the respected cybersecurity firm CrowdStrike. The computer scientists posited a logical hypothesis, which they set out to rigorously test: If the Russians were …

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Russian startup Marvelmind Robotics wins first prize at Slush Shanghai

November 1, 2016

Marvelmind Robotics, a Russian startup developing an indoor GPS technology, has won the first prize of 5 million yuan ($740,000) at the Slush Shanghai contest for the best seed-stage companies. The startup is a resident of the space cluster of Skolkovo, the international tech hub under completion on the outskirts of Moscow. The startup’s high-precision navigation technology is intended for use …

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Busfor secures $20 million “to reinvent bus travel” across Europe and beyond

November 12, 2020

Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine, has just raised $20 million from private equity funds Baring Vostok Capital Partners and Elbrus Capital. Since its inception in Ukraine in 2010, the company — previously known as Gillbus — had received financial support from Intel Capital, InVenture Partners and FinSight in 2014, …

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