International

Digital Horizon invests in African healthcare startup

While the USA and Western Europe are the most usual playing ground for VC funds with Russian connections, there are some exceptions. Digital Horizon, an investment company with offices in London, Moscow and Tel Aviv, announced an investment in Healthlane, an African startup providing healthcare services in Nigeria and Cameroon. Healthlane’s approach combines remote and face-to-face health …

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Yandex offices raided by police in Minsk, employees evacuated to Moscow

Last week, Yandex evacuated a part of its Belarusian employees to Russia following a police raid on its Minsk office amid the unrest in the city. According to the Russian search giant, the Belarusian police were seeking to seize user data. Thus, on August 13, unidentified armed people came to Yandex’s office, presenting themselves as …

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Russian-founded startup secures $4 million to spread high-tech farming across cities of the world

iFarm, a startup founded in Siberia but now headquartered in Helsinki, Finland, has secured $4 million from an international pool of investors led by Gagarin Capital. This California-based VC firm had led a previous $1 million round in early 2019. iFarm’s turnkey solutions “enable anyone to grow fresh vegetables, berries, greens and edible flowers for …

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Report: Russia ranks 42nd for ‘digital qualify of life’

VPN provider Surfshark has issued a research on the “digital quality of life” (DQL) across 85 countries of the world.  Revealing the factors that “have the greatest impact on digital well-being,” the study says which areas should be “prioritized to improve the potential” of a country.  The countries covered account for 6.3 billion people, or 81% of the …

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Skolkovo launches green tech accelerator with support from major Russian and international partners

Last week Skolkovo, the international tech hub on the outskirts of Moscow, announced the launch of GreenTech Startup Booster, presenting it as a first in Russia.  The program is intended for companies or teams with ready-made products or prototypes of solutions that tackle environmental issues. Skolkovo expects “over 500 applicants” Six themes are covered: reducing …

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Russian entrepreneur brings social distancing to bus transportation

With COVID-19 wreaking havoc with transportation worldwide, a Russian entrepreneur, Denis Sverdlov, has proposed innovative, and eco-friendly, solutions for our transit crisis. Sverdlov is the founder of the British-based company Arrival. Already the talk of the town in the electric-vehicle business, the firm has designed public transport buses, that not only promise to lower our …

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TikTok’s latest viral trend is a Russian cereal jingle from 2010

TikTok’s latest viral trend has roots in an unlikely source: a 10-year-old Russian cereal commercial. The video shows a computer-animated llama dancing to a haunting, high-pitched vocal in the desert while bathed in apocalyptic red light. The childish song is a remix of the jingle from a 2010 commercial for Russian cereal Miel Pops, or Honey Pops. …

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In Singapore, a Russian-born startup uses AI to penetrate the mysteries of human longevity

Can artificial intelligence and machine learning help mankind address diseases related to ageing, and delay mortality?  Gero, a Singaporean company with Russian roots, believes so. To address this biological and technological challenge, Gero has teamed up with the National University of Singapore, conducting experiments involving aged animals. These works “demonstrated mortality delay (life-extension) and functional …

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What links Russia to Germany’s Wirecard scandal

One of the main figures in the collapse of German payment firm Wirecard, chief operating officer Jan Marsalek, is reportedly hiding somewhere near Moscow. Russian online publication The Bell looked at Wirecard’s connections with Russia, and why Marsalek visited the country over 60 times in a decade. The reason for Marsalek’s trips was a search for banks …

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Admitad owner invests $3 million in cashback service

Earlier this month AB Capital Group, the owner of international affiliate network Admitad, announced an investment of $3 million in cashback service company LetyShops. Founded by Ukrainian entrepreneurs in 2015, LetyShops is now headquartered Csomád, Pest, Hungary. Its service is available in seven languages, claiming a total of 2400 online shops and 12 million users. It stands as “one of the top cashback …

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Quarterly review: Russian startups seduce Silicon Valley; Mail.Ru and Sberbank continue buying spree; Telegram gives up blockchain project

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the second quarter of …

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Almaz Capital and Cabra VC lead $11.25 million round to support “world’s best personal gaming assistant”

Mobalytics, a California-headquartered startup with Ukrainian roots, raised a $11.25 million Series A round led by Almaz Capital and Cabra VC, two international funds with connections in Eastern Europe. The other investors include HP Tech Ventures, General Catalyst, GGV Capital, RRE Ventures, Axiomatic and T1 Esports.  Almaz Capital, Founders Fund, General Catalyst and GGV Capital …

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