In late April Skolkovo, the international tech hub under completion on the outskirts of Moscow, welcomed a large delegation from the Belgian city of Antwerp. The delegation comprised about 100 representatives of Antwerp businesses, the city administration and the University of Antwerp, and was headed by Antwerp Mayor Bart De Wever. As a city that is …
Skolkovo agrees cooperation with Antwerp city authorities Read More
The French DIY giant Leroy Merlin has partnered with the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, to launch an accelerator for retail startups. The program will target startups developing marketing software, automation and robotization solutions for internal operations in the field of logistics, solutions for heavy trucking …
Leroy Merlin teams up with IIDF to accelerate Russian retail startups Read More
In late April Appodeal raised $8 million in a round led by Impulse VC, a venture fund which is reportedly affiliated to Russian billionaire Roman Abramovich. This investment brings the total funding raised to date by the startup to $11.5 million, according to CrunchBase. As part of the deal, the fund has received a minority stake in …
Impulse VC leads $8 million round for Russian-founded Appodeal Read More
The popular messaging app brought in so much money from a small group of private investors that it is calling off a planned sale of cryptocurrency to the wider investing public, according to a person familiar with the matter. Telegram Group Inc. has pulled in $1.7 billion by selling newly created cryptocurrency to fewer than …
Telegram calls off public token sale after raising $1.7 billion in private pre-sale Read More
Russian billionaire Viktor Vekselberg, who controls conglomerate Renova and heads the Skolkovo Foundation, is one of the 24 Russian businessmen targeted by the new wave of US anti-Russian sanctions announced last month. Thus, Vekselberg may have become a “toxic” figure for Western funds or companies. As revealed last week by The Bell, a Russian online business …
Targeted by sanctions, Viktor Vekselberg becomes toxic figure on the US financial market Read More
Two Russian serial entrepreneurs Mikhail Kokorich and Vadim Makhov have launched a joint investment firm to support B2B companies that use space technologies, Russian business publication Kommersant reported on April 24. Makhov holds a 51% stake in the company, while Kokorich has received a 49% share. Dubbed ‘Oden Holdings Limited,’ the company will target projects …
Russian investors bet on companies using space technologies Read More
Kaspersky Lab could be targeted by specific sanctions “as part of a wider round of action carried out against the Russian government,” CyberScoop reported earlier this week, refering to “US intelligence officials familiar with the matter.” The Russian cybersecurity company has two ongoing lawsuits against the US government, which were filed in response to the recent …
US government considers specific sanctions against Kaspersky Lab Read More
Listen to the audio version of this article: Last week Fort Ross Ventures announced a $200 million fund for US startups interested in the Russian market. Formerly known as Money Time, this venture fund is committed to support the “exponential success” of US tech startups by “leveraging the potential of the enormous Russian marketplace.” Fort Ross will …
Fort Ross Ventures launches $200 million fund to help US startups enter Russian market Read More
A team from Moscow State University has won the 42nd International Collegiate Programming Contest of the Association of Computing Machinery (ACM ICPC) last week, defeating 140 international teams from 51 countries in the finals held on April 19 in Beijing, China. This is the first victory for the university and the eighth triumph for the …
Russian students win prestigious international programming contest for the 8th time Read More
This story is an excerpt from an industry report on the Blockchain and ICO markets in Central and Eastern Europe, recently published by EWDN and ICObench. Over the last several years, augmented reality (AR) and virtual reality (VR) have have been regarded as promising segments in the entertainment industry, with all major technology firms vying …
Russian startup builds decentralized marketplace to make VR content accessible to all Read More
On April 23, Russian Internet users reported mass disruptions to almost all services offered by Google — from the main search engine to the company’s reCAPTCHA (which distinguishes human users from bots). The outages started after Russia’s federal censor added another 118 Google IP addresses to the country’s Internet blacklist over the weekend. After a wave …
Russia’s crackdown on Telegram disrupts Google services across the country Read More
Listen to the audio version of this article: EU, Turkish and Israeli startups raised a record €25 billion in 2017 – up €8.6 billion (+52.4%) from 2016, which was also a record year increase. These and other key numbers and trends are revealed in “Next Station: Europe,” a new industry report published by Tech.eu with support …
Far behind the US, well ahead of Russia: Europe’s VC market reaches new heights Read More
