International

Russia’s VEB Ventures to launch new tech fund with South Korean partner

September 11, 2019

Veb Ventures (formerly VEB Innovations), a venture fund backed by state development agency VEB.RF (Vnesheconombank), is teaming up with Korean Daedeok Ventures Partners to create a Russian-Korean investment fund.  The two partners expect “leading Russian and Korean financing organizations, state and private investors” to invest in this fund, which could amount to “up to $200 million.”  The …

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Russia’s investment image severely hit by Calvey affair, but Baring Vostok “will continue to invest”

September 9, 2019

The long-term horizon predictability for foreign investors in Russia took a big hit earlier this year with the arrest of US citizen Michael Calvey, the fund manager and founder of Baring Vostok Capital Partners (BVCP). One of the most established Russian private equity firms, Baring Vostok invested in some of Russia’s best tech companies. The Calvey …

Russia’s investment image severely hit by Calvey affair, but Baring Vostok “will continue to invest” Read More

Russian and Japanese partners aim to launch medtech fund and tech center

September 11, 2019

RVC, the Russian state-owned fund of funds dedicated to innovation, is teaming up with Japanese corporation Mizuho to create a investment fund dedicated to medical technologies. The news was reported Thursday by news agency TASS, based on an exchange with RVC’s general manager Alexander Povalko at the Eastern Economic Forum in Vladivostok.  Povalko added that …

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From free early days to corporate and state control: Web series counts the story of the Russian Internet

September 5, 2019

This week, the television and digital network Current Time will release “Holy War,” a new miniseries by journalist Andrey Loshak about the evolution of the Russian Internet, spanning the first experiments on the Web to the rise of giant corporations, covering everything from the first startup investments to the explosion of government regulations and the arrest of …

From free early days to corporate and state control: Web series counts the story of the Russian Internet Read More

Outside-the-box approaches to cybersecurity discussed at ZeroNights Conference (St. Petersburg, Nov. 12-13)

September 5, 2019

ZeroNights is an annual international conference on the practical aspects of cybersecurity. The conference will be held in St. Petersburg, Russia on November 12 and 13.  Every year, ZeroNights gathers more than 2000 participants from all over the world: experts and practitioners, analysts and hackers, and everyone who is interested in cybersecurity. Participants will learn …

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Anna Kuzmina: “The Russian e-commerce market is very big, but not in the way it is usually assessed”

October 7, 2019

Addressing the lack of internationally-available information on this topic, East-West Digital News recently released an in-depth report on Russian e-commerce. Each week we’ll publish here its best excerpts, including interviews with major domestic and international players, trend analysis from top market experts, and practical recommandations for companies to succeed in this market. This series is starting today …

Anna Kuzmina: “The Russian e-commerce market is very big, but not in the way it is usually assessed” Read More

Huawei in talks to install Russian operating system on tablets for country’s population census

September 10, 2019

China’s Huawei has begun talks with Russia about installing Russian operating system (OS) Aurora on 360,000 of its tablets to conduct Russia’s population census next year, two sources told Reuters.  Huawei has been seeking alternative operating systems to Google’s Android OS after Washington put the world’s second-largest smartphone maker on a so-called Entity List that …

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US digital media company acquires Russian AI-driven content personalization technology

August 29, 2019

US digital media company PressReader has acquired News360, a Russian-founded, California-based provider of content personalization and publisher analytics tools. The amount of the deal, announced last week, has not been disclosed. Founded in Moscow in 2010, News360 has developed a technology that “analyzes and attributes content from any given news story to more than a …

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Russian food delivery company secures $5 million from international marketplace Joom

November 12, 2020

iGooods, a major product delivery company in Russia, has agreed a “strategic partnership” with Joom. This Russian-founded international marketplace has disbursed 325 million rubles (around $4.9 million at the current exchange rate) in exchange for a  10% stake in iGooods. The deal was closed in mid-August, as announced by the companies.  Last year iGooods already attracted …

Russian food delivery company secures $5 million from international marketplace Joom Read More

Get your free ticket to giant E-Commerce Expo in London (Sept. 25-26)

September 8, 2019

With more than 15,000 delegates, 350 speakers and 250 exhibitors, the London E-Commerce Expo (#ECE19) is the must-attend event for everyone involved in B2B or B2C ecommerce. Supported by industry association IMRG, the event will allow you to learn from the brightest brains and biggest brands. It is articulated around five themes: Omnichannel Cross border Delivery & …

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Moscow summit to gather early-stage investors from Russia, Europe and America (Sept. 13-15)

August 26, 2019

In its third edition, this 3-day event will gather select early-stage investors, including business angels, seed funds and their associations, in partnership with EBAN. Top speakers will come from as far as Austria, Canada, France, Germany, Greece, Israel, Mexico, Panama, Poland, Sweden, Turkey, the UK and the USA. In previous years, the summit took place …

Moscow summit to gather early-stage investors from Russia, Europe and America (Sept. 13-15) Read More

Russia’s Dostavista raises $15 million to conquer the “limitless” global crowdsourced delivery market

August 22, 2019

Earlier this month Dostavista, an international crowdsourced delivery service with Russian roots, announced the completion of a $15 million Series B funding round. The deal was led by Vostok New Ventures, a Swedish investment firm which is actively involved in the Russian VC market, with participation from existing investors Flashpoint and AddVenture.  Founded in 2012, Dostavista already raised …

Russia’s Dostavista raises $15 million to conquer the “limitless” global crowdsourced delivery market Read More

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