International

This techie from a small Siberian town co-owns a $6 billion German HR tech startup

October 26, 2021

The impressive list of Russian entrepreneurs involved in multi billion dollar tech companies — from Pavel Durov (VK, Telegram), to Andrew Filev (Wrike), to Nikolay Storonsky (Revolut), to Ratmir Timashev (Veeam Software), and many more — is not coming to an end. 31-year-old Arseniy Vershinin,  who was born in Ulan Ude, a small town in Siberia, is also one of them. A …

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New Russian delivery services launched in London, Oman and Vancouver

October 25, 2021

As part of an already established trend, the past few weeks saw Russian players assert themselves again on the international express delivery scene. In early October, two Russian entrepreneurs, Yevgeny Bisovka and Razmik Sukiasov, announced they completed a $6.1 million round of funding to develop their service Tiggy in Vancouver, Canada. This company offers “free 15-minute grocery delivery with …

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Russian-founded startup raises $4.5 million to reinvent the Rubik’s Cube

October 21, 2021

WowCube, a startup founded by IT entrepreneur Ilya Osipov from Nizhny Novgorod, is reinventing the Rubik’s cube. Launched in 2017, the company touts itself as “the first-in-class innovative gaming platform where virtual gameplay is controlled by physically tilting, twisting, and shaking the device.” According to CrunchBase data, the company — now registered in Florida — …

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Adtech major Admitad buys two Russian startups, opens US office to “expand aggressively”

October 26, 2021

Admitad, an international affiliate network with Russian roots, announced two acquisitions this month, targeting Russian startups CheckScan and Pampadu.   The previous has developed a QR code scanner for receipts that allows customers to analyze their spending and compare prices across various outlets. CheckScan claims to  processes over 2 million receipts a day, serving “hundreds of thousands of consumers” across the …

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Now a top global crypto mining location, Russia considers introducing higher energy tariffs

October 19, 2021

Russia has become one of the world’s top three locations for bitcoin mining activity, following China’s crackdown on crypto earlier this year.  In August 2021, according to the Cambridge Bitcoin Electricity Consumption Index,  bitcoin miners in Russia accounted for 13.6% of the total global BTC mining hash rate distribution, bested by only the United States (26.2%) and Kazakhstan (21.9%). Energy consumption has grown …

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Yandex acquires Wind’s Israeli e-scooter operations

October 15, 2021

Russian tech giant Yandex is expanding its mobility footprint in Israel with the acquisition of shared e-scooter company Wind’s Israeli operations. The two are not sharing the terms of the deal, but Israeli financial newspaper Globes reported that it is estimated to have cost $40 million to $50 million. Wind is one of the top e-scooter sharing …

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Russian car-sharing major Delimobil files for listing in New York

October 23, 2021

This past Friday Delimobil Holding S.A., a Luxembourg-registered, Moscow-based car-sharing company, filed for listing on the New York Stock Exchange. BofA Securities, Citigroup Global Markets and VTB Capital will act as joint lead book-running managers while Banco Santander, Renaissance Securities and Sberbank CIB will be joint bookrunners, the company said, cited by Reuters.  A pioneer …

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Mail.ru Group pursues gaming acquisitions across Russia and Belarus

October 14, 2021

Mail.ru Group’s appetite for acquisitions in the gaming space was confirmed again today as My.Games Venture Capital (MGVC), the investment arm of its subsidiary My.Games, announced minority investments in three game studios. These are Tworogue Games and VOX, based in Moscow, and Wideview Games from Minsk, Belarus.  MGVC put on the table $3 million in total for these deals, which include options to …

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Two Russian tech moguls exposed by Pandora Papers

January 18, 2023

Earlier this week the International Consortium of Investigative Journalists (ICIJ) released the ‘Pandora Papers,’ a deep dive into “offshore havens and hidden riches of world leaders and billionaires.”  Millions of leaked documents unveil financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, alongside “a global lineup of fugitives, con artists …

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Yandex invests $30 million to launch cloud business in Germany

October 6, 2021

Yandex plans to launch a cloud business in Germany next year, the company said ahead of its annual Yandex.Scale cloud conference in late September. The NASDAQ-listed Russian digital major is making an initial investment of $30 million until the end of 2022. The money will be used to purchase equipment and rent data centers. Yandex …

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Russian pregnancy app reaches 10 million users globally, raises $2 million to pursue expansion

October 5, 2021

Amma Pregnancy Tracker, a fast-growing, Russian-made mobile application for pregnant women, has attracted $2 million to fuel its international expansion. The startup plans to develop teams in Latin America, its largest market today by number of users, as well as in Southeast Asia, and to grow its 10 million+ user base.   This app helps …

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