International

Siberian startup secures $1 million to develop “vertical farms” across Russia and Europe

iFarm, a Novosibirsk, Siberia-based startup, has just secured $1 million in a round led by Gagarin Capital – the California-based VC firm founded by Nick Davidov and Mikhail Taver – with participation from individual Russian investors. The details of the deal have not been disclosed. This agritech startup builds vertical farms, which “use a footprint …

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Thousands of blockchain and crypto professionals expected to meet in Singapore (April 23-24)

On April 23-24, thousands of blockchain and cryptocurrency professionals from some 70 countries are expected to meet at the Blockchain Life 2019, in its third edition, in Singapore. Among participants will be executives from major blockchain companies, venture and crypto funds, traders, businessmen, private investors, startups, developers and miners, who will discuss the current trends …

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Court mistake reveals Russia’s largest underground online casino works from Ukraine

Russia’s biggest illegal online casino, Azino777, operates out of Ukraine and has managed some of its money flows through a Ukrainian branch of Russia’s bank Sberbank, Russian business media outlet The Bell reported on Feb. 4, referring to decisions by a Ukrainian court. The Bell journalists found a mistake in a document of Kyiv Holosiivskyi District …

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IXcellerate and Rostelecom plan to invest massively in Russian data centers

Last week IXcellerate, a leading commercial data center operator in Russia, announced a five-year $260 million investment plan. The funding will be provided by the company’s shareholders as well as bank financing and an additional injection of “foreign capital.” By 2023, according to this plan, the company will operate the existing Moscow One Datacentre and run “at least four …

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CrunchBase and EWDN team up to cover regional tech and venture trends

CrunchBase has teamed up with East-West Digital News to cover key tech and venture trends from Russia and neighboring countries of the former Soviet Union. Starting from now, EWDN chief editor Adrien Henni publishes a monthly column in this famous industry resource, highlighting the most notable deals as well as promising tech innovations from Russia, Ukraine, Belarus …

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Google agrees with Russian authorities to filter censored content

Google has “established a constructive dialogue” with Roskomnadzor, the Russian telecom and Internet regulator, to delete from search results websites that are banned in Russia, the Russian media reported, citing the Roskomnadzor press office. While refusing to connect to Federal State Information System (FGIS), Roskomnadzor’s registry of banned sites, the US company began deleting blacklisted links …

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Ingenico’s new solution aims to process cross-border payments from Russia more easily

Last month Ingenico Group, a global leader in seamless payment, launched a domestic processing and cross-border settlement offer to make easier international payments involving Russian online consumers. The offer is intended for international merchants without a Russian legal entity to avoid the cross-border transaction fees that are imposed by acquiring banks outside of Russia. As …

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Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly

Moscow-based grocery delivery service Golama has attracted 150 million ruble (approximately $2.3 million) in equity funding from an unnamed individual investor, according to media reports. The funding will be spent on expanding Golama’s network of partners, which include retail chains and stores, and its goods and services offer. Golama told Russian online tech resource Rusbase …

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Report: Russians spent $1.66 billion on games in 2018

Russians spent some $1.66 billion on games in 2018, according to Newzoo. Ranking 11th in the research firm’s global ranking,  Russia is ahead of Brazil and Mexico ($1.45 billion and $1.58 billion, respectively), but behind Italy and Spain ($2.17 billion and $2.20 billion). In the former Soviet Union, Kazakhstan generated $207 million (44th place), ahead of Ukraine …

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Apple provides details on compliance with Russian data-localization law

While Facebook and Twitter are being exposed to administrative charges for non-compliance with Russia’s data localization law, Apple Inc. detailed the user data it is storing in Russia. Apple users in the region have data including their name, delivery address, email address and phone number stored on servers in Russia. The company said it collects …

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Gazprom Media and US investor back catering startup from Moscow

Gazprom-Media, Russia’s largest Russian media holding and a subsidiary of Gazprom, has led a $2 million funding round for Catery. This Moscow-based catering startup, launched in 2016, organizes deliveries to corporate clients. It operates in Moscow, St. Petersburg, Kazan, Rostov-upon-Don and Nizhny Novgorod, based on partnerships with more than 500 restaurants. According to a Catery …

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Blockchain in healthcare: Innovators from Eastern Europe called to submit manuscripts and join peer-review board

Russian and CEE experts engaged in real-world application of blockchain and converging technologies in healthcare and life sciences are invited to submit original manuscripts and apply for the international Peer Review Board of the recently launched Blockchain in Healthcare Today (BHTY) journal. A first-in-category, BHTY is the only international peer-review open-access continuous no-deadline journal dedicated to publishing theoretical …

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