International

NorNickel adopts blockchain for a more responsible supply chain management

February 3, 2021

As more and more global companies adopt corporate blockchain solutions, Norilsk Nickel (NorNickel), the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has announced it is joining the Responsible Sourcing Blockchain Network (RSBN), a network aimed at supporting responsible sourcing and production practices from mine to market. According to NorNickel, the move …

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Tencent backs Russian game studio to re-create robotized Soviet atmosphere

February 5, 2021

Russian game publisher Mundfish has secured a Series B funding round led by Tencent. Two existing investors — Moscow-based GEM Capital  the investment vehicle of oil industry executive Anatoliy Paliy and Gaijin Entertainment’s founder Anton Yudintsev — also took part in the deal. The amount of the capital injection was not disclosed, but industry insiders told Russian business …

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Russian tech amid the pandemic: Impact and response

February 9, 2021

Since the COVID-19 shockwave hit Russia in March 2020, East-West Digital News has been following closely the impact of the pandemic on the country’s tech industries. These articles highlight the best of Russian innovators’ response to the virus, the high-tech approach of the authorities to manage the crisis, online retailers’ reaction to demand surge, and …

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iHerb to launch IT support unit in Russia

January 30, 2021

iHerb, one of the most successful international e-commerce companies in Russia, aims to take advantage of this country’s large tech talent pool through the creation of a local IT division. Under plans, the first local IT team will start activities in the course of this quarter. It will include programmers, mobile developers, software testers, web designers …

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Russia to fine social media giants for keeping up pro-Navalny videos

January 28, 2021

Russia will fine seven social media companies for not removing pro-Navalny videos ahead of last Saturday’s nationwide protests, the country’s communications regulator said Wednesday. “Facebook, Instagram, Twitter, TikTok, VKontakte, Odnoklassniki and YouTube will be fined for non-compliance with requirements to prevent the dissemination of calls to minors to participate in unauthorized rallies,” Roskomnadzor said in …

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Elbrus Capital attracts major international players to invest in the Russian digital sphere

February 1, 2021

Elbrus Capital, a leading private equity firm focusing on Russia and neighboring countries, has attracted $260 million to launch its third fund. As reported by business daily Kommersant, the firm aims to raise $600 million in total until the end 2022 for this new fund, which will focus on Russian digital companies.  The first deals are …

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Dating Group acquires French ‘slow dating’ app Once for $18 million

January 27, 2021

Earlier this month Dating Group, a Russian-founded international dating major, announced the acquisition of French dating app Once for $18 million in cash and stock. Founded in 2015 by Jean Meyer and Clémentine Lalande, Once aims to “brings back the magic to the online dating world.”  It claims 9 million users, 5 million chats daily and 50 million …

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2020 in Eastern Europe: Battle of titans in Russia; revolution in Belarus; resilience in Ukraine

January 26, 2021

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and other countries of the former Soviet Union. The latest column, by EWDN chief editor Adrien Henni, highlights the most notable industry facts and trends of the past year.  These include, in particular: Major moves from the three Russian digital leaders: Mail.ru …

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Andrew Filev, a geek from St. Petersburg, sells his company for $2.25 billion in Silicon Valley

January 28, 2021

Citrix Systems announced today an agreement to acquire Wrike, a leader in SaaS collaborative work management, for $2.25 billion in cash. Still subject to regulatory approvals, the transaction is expected to close in the first half of this year.  “The transaction unites leading workspace delivery platform with best-in-class SaaS work management solution, ushering in new era of employee productivity. This combination …

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Russian truck giant Kamaz aims to scout startups across the world

January 25, 2021

Kamaz, the Russian truck giant (part of the state-owned Rostec corporation), and Pulsar VC, an established Russian venture firm, announce an international startup scouting partnership focusing on mobility and IoT. The companies said they will “jointly search for new markets in the transport sector and attract investment in start-ups.” They may also consider “creating a …

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Russian-American startup secures $3.5 million to address “the most burning needs” of the construction industry

January 21, 2021

TraceAir, a construction software startup with Russian roots, announces the completion of its Series A $3.5 million round. It was led by London-based XTX Ventures with participation from Liquid 2 Ventures, GEM Capital, GPS Ventures, Andrew Filev (CEO Wrike), Metropolis.VC (which invested in a previous round) as well as US construction industry majors Independent Construction and ENGEO. TraceAir has developed a cloud platform to help construction companies …

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