International

Media reports: Online video service ivi.ru starts NASDAQ registration procedure

November 26, 2020

Just days after the triumphant NASDAQ IPO of Ozon, a leading Russian e-commerce company, another Russian digital major, ivi.ru, has started the registration procedure for a US IPO. No IPO-related documents related to Cyprus-registered company ‘ivi.ru Media Ltd’ are available yet on the SEC’s website, but two unnamed sources “close to the company” confirmed, in an …

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AI, Blockchain, quantum: Online event series to highlight “next-wave technologies” (Dec. 1, 10, 22)

November 25, 2020

GenerationS and Sequence Ventures announce #GENSTechTalks a new series of talks (in English language) to explore the Russian tech landscape with the leading industry experts.  The series is scheduled as follows: December 1: Quantum technologies with Maria Lepskaya of Runa Capital; December 10: Blockchain with Eldar Khamitov of G1 Ventures; December 22: Artificial Intelligence with Alexey Fomin of Botkin.AI. …

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Russian AI experts on LO-shot learning: Not really new, but promising

November 25, 2020

In October, the MIT described a new approach to training artificial intelligence (AI) algorithms: “Less than one-shot,” or LO-shot learning – which could, in theory, bring a fundamental change to machine learning (ML). An AI ​​model trained using this technique could be able to recognize even more real objects than was presented in the training dataset. In other …

Russian AI experts on LO-shot learning: Not really new, but promising Read More

Global Fashion Group raises €120 million on German stock exchange; Lamoda expects capital injections

November 24, 2020

Last week Global Fashion Group (GFG), an international online fashion group focusing on growth markets – including Russia and neighboring countries where the group is represented by Lamoda – raised some €120 million in gross proceeds. The group issued new shares on the Frankfurt Stock Exchange, where it is has been listed since July 2019. These 16.5 million shares were placed with institutional …

Global Fashion Group raises €120 million on German stock exchange; Lamoda expects capital injections Read More

Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub

November 23, 2020

For the second time in less than 18 months, Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, has backed UK agrotech startup KisanHub. The latest round, announced last week, provided £1.12 million ($1.49 million) to the Cambridge-headquartered startup. The round was led by Low Carbon Innovation Fund II (LCIF2) with co-investment matching coming from …

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Mail.ru Group and Google launch international accelerator for video game developers

November 23, 2020

Google and My.Games, a branch of Mail.ru Group, last week announced a joint accelerator program “for promising mobile game studios and projects.” Dubbed ‘Game Drive,’ this accelerator targets studios from the EMEA region, including Western Europe, Russia and other Russian speaking countries, region, Turkey, Israel, the Middle East and Africa. The selected projects will receive an …

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Russia starts building $850 million high-speed arctic Internet

November 23, 2020

Russia has started building high-speed internet infrastructure in the Arctic to be used by large ports and oil and gas companies, the Federal Sea and River Transportation Agency (Rosmorrechflot) announced Wednesday last week. The trans-Arctic underwater fiber optic cable will stretch across 10,000 kilometers from the northwestern port of Murmansk to the Pacific port of Vladivostok. Rosmorrechflot partnered …

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Now fully owned by Sber, Yandex.Checkout rebrands to ‘YooMoney’

November 19, 2020

Yandex.Checkout, a leading Russian payment service provider, is going to run its international operations – essentially in cross-border B2C payment operations – under a new brand, ‘YooMoney.’ The company says the transition will be completed by mid-December, 2020.  As for domestic operations, they are now run under brand of ‘YooKassa.’ These changes are coming as …

Now fully owned by Sber, Yandex.Checkout rebrands to ‘YooMoney’ Read More

Amid strong investor demand, Ozon hopes to raise up to $1 billion in US IPO

November 18, 2020

Ozon, the leading multi-category e-commerce platform in Russia, filed today an amended version of the SEC registration statement for its NASDAQ IPO. The company will go public at a valuation of $4.6 billion to $5.6 billion, Financial Times reports from unnamed sources “familiar with the plans.” This is is more twice as high as the underwriters’ initial highest estimates, …

Amid strong investor demand, Ozon hopes to raise up to $1 billion in US IPO Read More

Michael Calvey freed from house arrest weeks after settlement of civil claims

November 13, 2020

American investor Michael Calvey and six other defendants in the Baring Vostok case have been released from house arrest, Russia’s Supreme Court ruled Thursday. This is the latest breakthrough in one of the most high-profile cases in the Putin era involving foreign businessmen. Their private equity fund, Baring Vostok, has been an investor in some of Russia’s …

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After raising $2.1 million, this Russian truck driving startup wants to become a unicorn

November 12, 2020

Fura, a Moscow-based startup offering high-tech services to truck drivers, has raised 160 million rubles ($2.1 million at the current exchange rate) in a Series A round led by an unnamed Swiss-Russian fund. Alexander Popov, Svyatoslav Vilde and other individual investors also took part in the round. The fresh funding will be used to strengthen the …

After raising $2.1 million, this Russian truck driving startup wants to become a unicorn Read More

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