Momentus, a US startup founded by Russian entrepreneur Mikhail Kokorich, wants to offer in outer space the same services that DHL and FedEx provide on Earth, but with multi-million dollar ‘packages.’ The company plans to move satellites from one orbit to another one. Momentus is planning to use the funds to launch its Vigoride rocket, …
US startup with Russian roots seeks to develop ‘space delivery’ business Read More
Westwing, a German e-commerce company selling furniture and designer home accessories, has sold to one of the funds of Elbrus Capital its subsidiary covering Russia and Kazakhstan. This full acquisition was closed in mid November, Elbrus Capital Senior Partner Dmitry Kryukov told Russian business daily Kommersant. The amount of the transaction has not been disclosed, but in …
German Westwing sells Russian e-commerce business to Elbrus Capital Read More
On Dec. 1, the Russian capital will play host to an international conference dedicated to the international development of Russian startups. ‘Go Global 18’ is organized by the Internet Initiatives Development Fund (IIDF, or FRII in Russian). In its third edition, the conference will cover a variety of topics and cases, including the following ones: …
Go Global 18: How Russian startups take up international challenges (Moscow, Dec. 1) Read More
Just nine months after the completion of a $12 million Series B round, HealthifyMe, a leading e-health and fitness platform in India, has raised an additional $6 million as an extension of that round. As reported by the Indian media, the round has involved Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, …
Sistema Asia injects additional capital in Indian fitness startup HealthifyMe Read More
Zyfra, a Renova subsidiary that develops IIoT and AI industrial solutions, is to fully acquire Vist Group, a 28-year-old developer of solutions for digital mining, metal and other enterprises. Zyfra will spend 2 billion rubles (around $30 million at the current exchange rate) on the acquisition, according to Vedomosti, which cites exchanges with representative of both companies. Implemented …
Renova subsidiary acquires digital mining solution provider Vist Group for $30 million Read More
The authorities of Crimea, a Black Sea peninsula which has been disputed between Russia and Ukraine since 2014, are considering creating a new international blockchain technology training center. Such a center would teach “specialists from countries under sanctions how to use new technologies to attract foreign investors,” Roman Tkachenko, the president of the Crimean Republican Association …
In late October Ru-Net, one of the most established Russian tech funds, announced its rebranding to ‘RTP Global.’ The move was presented as “reflecting the success of [its] US-based arm RTP.VC and [its] evolution to a globally focused venture capital firm.” Ru-Net was founded in 1999 by Russian billionaire Leonid Boguslavsky, a software engineer in Soviet times who later …
Ru-Net rebrands to RTP Global, launches new $200 million fund with a focus on India Read More
WeChat Pay, the payment system of the popular Chinese instant messenger, is making its debut in Russia. In late October Russian Standard announced to be the first Russian bank to support such payments, with the Novotel Moscow Center hotel as the first participant in the program. “In the near future, other Russian Standard partners will …
Chinese WeChat Pay comes to Russia, Russian Mir goes global Read More
In early 2018 Leta Capital launched its second fund to invest in promising software technologies. As much as $50 million were contributed by Alexander Chachava, the founder and CEO of IT security solution provider Leta Group, and a few family offices, told us fund partner Sergey Toporov. Among the investors are also the founders of …
Leta Capital’s new $50 million fund helps software startups “eat up the world” Read More
Organized by Smile Expo, Blockchain Conference Moscow is part of an international series of events gathering local and global industry experts and players. The Moscow edition will be held for the eighth time. Intended for developers, entrepreneurs, investors, startup founders, as well as financiers, economists, lawyers, and marketers. It will highlight blockchain and cryptocurrency trends …
Da Vinci Capital, a major EBRD-backed Russian private equity firm, has invested an undisclosed amount in DataArt in exchange for “a substantial, non-controlling interest” in the company. Founded in 1997, DataArt is a New York City-headquartered company with roots and R&D teams in Ukraine and Russia. It has become a major global tech consultancy that designs …
Stalker Fund, a VC firm with Austrian roots, has invested €3 million in Another World, which develops virtual reality location-based entertainment (VR LBE) offers. The deal was closed in August, but was made public only recently. Founded by a Russian team, the startup has its headquarters registered in Cyprus, even though it kept its R&D team in …
Russian-founded VR gaming startup secures €3 million to develop across Europe Read More
