International

Sistema Asia Capital backs yet another Indian food delivery startup

September 28, 2018

Earlier this month Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, took  part in a $25 million Series C funding round for Licious, an Indian online meat and fish ordering startup. The funding round was led by Bertelsmann India Investments, UCLA, and Vertex Ventures Southeast Asia & India, while Mayfield …

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Airline company S7 to launch $50 million venture fund

September 27, 2018

S7 Group, a major Russian airline company, is about to launch a $50 million venture fund, Vedomosti reports. Since last year, the group has already invested some $10 million “in startups developing digital and industrial technologies,” S7’s VP for innovation Dmitry Chuiko told the business daily. These startups are from Western Europe, the USA, India and China, with …

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AddVenture leads new funding round for Dubai-based home services marketplace

September 25, 2018

AddVenture, an international venture fund with Russian roots, has led a $4 million round of funding for ServiceMarket, a Dubai-based home services marketplace (previously known as ‘MoveSouq’). Emaar Properties, a local real estate development company, also participated in the round in undisclosed proportions. AddVenture led a previous $3 million round one year ago. Seed and …

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WayRay secures $80 million from international consortium, targets $1 billion valuation in 2019

September 19, 2018

Wayray, a startup with Russian origins which has developed holographic AR displays for cars, has attracted $80 million in a Series C round led by Porsche and China Merchants Capital, a major Chinese investment firm. The other investors are Hyundai Motor, Alibaba Group, JVCKENWOOD and a consortium of sovereign funds. These include the Russia-Japan Investment Fund, established last year, alongside the …

WayRay secures $80 million from international consortium, targets $1 billion valuation in 2019 Read More

Russians eye two islands for crypto exchanges

September 16, 2018

While authorities in Moscow are still fine-tuning their revamped crypto legislation, to be presented for public discussions in October, participants in last week’s Eastern Economic Forum in Vladivostok have been busy discussing regulatory matters related to cryptocurrency mining and the circulation of digital coins in the vast country. Several Russian regions have been mentioned multiple …

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Six months after initial investment, Grishin Robotics injects more millions into Brazilian bike-sharing service

September 19, 2018

Grishin Robotics, an international venture fund with Russian roots, has taken part in a $63 million funding round for the Brazilian stationless bicycle-sharing platform Yellow. The round was led by Silicon Valley investment firm GGV Capital. It is the largest Series A ever for a Latin American startup, according to TechCrunch. In April this year, Grishin Robotics …

Six months after initial investment, Grishin Robotics injects more millions into Brazilian bike-sharing service Read More

Sistema’s venture arm invests in Indian credit startup

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, is one of the main investors in a $30 million funding round for Indian e-credit startup Kissht. Singapore’s Vertex Ventures SEA (Temasek Holdings) has co-led the round, which also involved existing investors, Indian funds VenturEast and Endiya Partners, and China’s Fosun RZ Capital. Founded …

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Mitsubishi Corp. and Mail.Ru Group invest in car selling site Autospot

September 15, 2018

Mitsubishi Corp. and Mail.Ru Group have invested $4.1 million in car selling site Autospot, in exchange for a 21% stake in the company – setting the company’s post-money valuation at $19.1 million. The news was reported by the business daily Vedomosti based on exchanges with Autospot’s general manager Dmitry Andreev. Autospot allows its users to buy a …

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Skolkovo to cooperate with Japan in the fields of AI, Big Data and IoT

September 14, 2018

Earlier this week, on the eve of the Eastern Economic Forum, the Skolkovo Foundation signed a memorandum of understanding with Japan’s IoT Acceleration Consortium. The agreement followed talks between Russian President Vladimir Putin and Japanese Prime Minister Shinzō Abe in Russia’s Far Eastern port city of Vladivostok. The IoT Acceleration Consortium aims to foster the development of technologies related …

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Russia’s SimpleFinance secures $15 million from Japanese fund SBI

September 14, 2018

SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, has agreed a $15 million equity investment deal with the Japanese fund SBI FinTech Business Innovation Fund LPS. The fund’s total capital commitment to SimpleFinance now stands at nearly $50 million, taking into account a first round of funding just one year ago. Launched in 2015, SimpleFinance offers …

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Dostavista raises $2 million from Russian and US funds

September 12, 2018

The Russian crowdsourced courier service Dostavista has secured $2 million — one year after a previous round of funding — from its existing investors, the Russian VC funds Buran Venture Capital and AddVenture, and FJ Labs, a New York based investment firm founded by Fabrice Grinda and Jose Marin. The news was reported yesterday by business daily …

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