International

Russian petrochemical major adopts Italian smart glasses to optimize processes and adapt to pandemic

November 12, 2020

Russian petrochemicals leader Sibur has teamed up with Brochesia, an Italian provider of software solutions for wearable devices, to support its network digitalization effort. Brochesia’s smart glasses and augmented reality solutions will help the Russian group enhance several production processes, including maintenance and support services, using AR and developing remote assistance procedures. The adoption of these solutions …

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EBRD provides rescue financing to Travelata and other Russian portfolio companies

April 10, 2020

The European Bank of Reconstruction and Development (EBRD) has provided finances to a Russian company for the first time in more than five years under its emergency coronavirus support fund. The EBRD stopped making active investments in the country in 2014, following Western sanctions stemming from the events in Ukraine and Crimea. The group has also wound …

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International hackathon aims to fight pandemic and build more resilient societies (April 9-20)

April 3, 2020

As three billion people are locked down across the world, an international hackathon is calling innovators to “hack the future so we never go through this again.” Designed as an emergency response to the COVID-19 pandemic, Global Hack also aims to “build resilience post-pandemic.” The tracks are inspired by the UN sustainability goals that cover …

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Amid market boom, food delivery startup Elementaree raises $5 million from top Russian and French investors

November 12, 2020

The Russian food delivery startup Elementaree.ru has secured $5 million from the French vegetable giant Bonduelle and Russia’s sovereign wealth fund RDIF, confirming earlier announcements. An undisclosed individual investor also took part in the deal, the Russian media reported. The details of the transaction were not disclosed. Founded in 2013 by Olga Zinovieva and Silard …

Amid market boom, food delivery startup Elementaree raises $5 million from top Russian and French investors Read More

Russian e-commerce major Ozon secures $150 million from local and US investors

April 5, 2020

Russian e-commerce major Ozon has just announced a $150 million round of financing, consolidating its position among the most well-funded local market players. The money is coming from three investors bringing equal contributions: the Moscow-based private equity firm Baring Vostok Capital Partners, the corporate fund Sistema_VC and a new investor, the US VC firm Princeville Capital.  The deal took the form of a …

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Russian video streaming platforms gain speed

March 23, 2020

As the Russian video streaming service segment is booming. The major players are securing funding and launching original content production. Last month, Russia’s largest video streaming platform, ivi.ru, said it is considering an IPO on Nasdaq by the end of this year with JP Morgan Chase underwriting the floatation, bne IntelliNews reported in February. Back in 2018, ivi.ru CEO …

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Dating.com Group launches $50 million corporate VC fund

March 23, 2020

International dating giant Dating.com Group has launched a $50 million corporate venture fund, the group’s co-founder Dmitry Volkov announced last week at an industry event in New York City.  The new vehicle will invest “up to $5 million” in online dating companies from the seed to Series B stages. The Dating.com fund has already made an …

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Facebook, Twitter remove Russia-linked fake accounts targeting Americans

March 23, 2020

Social-media giants Facebook and Twitter say they have removed a number of Russia-linked fake accounts that targeted U.S. users from their operations in Ghana and Nigeria. Facebook on March 12 said the accounts it removed were in the “early stages” of building an audience on behalf of individuals in Russia, posting on topics such as …

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FBI arrests Russian behind Deer.io, a Shopify-like platform for cybercrime

March 11, 2020

The FBI has arrested a Russian national believed to be behind Deer.io, a Shopify-like platform that hosts online stores where hackers advertise and sell hacked accounts and stolen user information. The suspect, named Kirill Victorovich Firsov, was arrested on Saturday, March 7, at the John F. Kennedy Airport, in New York. US officials say Firsov …

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US Justice Department indicts Russian national Yevgeniy Nikulin in major cybercriminal offenses

March 12, 2020

The US Department of Justice indicted Russian national Yevgeniy Nikulin in several major cybercriminal offenses, such as stealing personal identities, usernames and credit card information of customers  from Formspring, LinkedIn and Dropbox. Nikita Kislitsin, an employee of a cybersecurity firm with offices in Moscow and Singapore Group-IB is an alleged co-conspirator in the Formspring 2012 …

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After Belarus and Ukraine, Russian gaming giant Playrix acquires studio in Armenia

March 5, 2020

Playrix, a global Russian-founded gaming giant, announced today the acquisition of Armenian game studio Plexonic. The terms of the deal have not been disclosed.  The Yerevan-based team, still led by Plexonic’s founder and CEO Gevorg Sargsyan, has already started developing a new casual mobile game, according to a corporate statement.  “Together with the talented Plexonic team, we will …

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Major Russian retailers team up to scout startups globally

February 29, 2020

Four major Russian retailers – Beeline, Hoff, M.Video-Eldorado Group and X5 Retail Group – are teaming up to launch the Retail Innovation Tech Alliance (RITA), a startup scouting initiative in Russia and abroad.  RITA will be seeking innovative solutions in a variety of fields, including e-commerce, transport and logistics, consumer experience, quality of goods, point-of-sale …

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