International

US and UK accuse Russian government to sponsor global “malicious cyber activity”

April 20, 2018

Russian state-backed cyber hackers have been accessing network infrastructure devices worldwide for espionage and preparation for potential future cyberattacks, says a joint Technical Alert about “malicious cyber activity carried out by the Russian government” released by the US Department of Homeland Security (DHS), the FBI and the UK’s National Cyber Security Centre (NCSC) earlier this …

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Israeli VC integrator Prytek gains support from Igor Rybakov and Da Vinci Capital to develop activities in Russia

April 20, 2018

Prytek, a firm that invests in tech startups and distributes their solutions in emerging markets, is strengthening its activities in Russia. The Israeli-headquartered company, which began commercializing the solutions of its portfolio companies on the Russian market in late 2017, will now also invest substantial amounts (around $2 million per deal) in local startups. This …

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Grishin Robotics and monashees+ invest in Brazilian bike-sharing service

April 19, 2018

Grishin Robotics, an international venture fund with Russian roots, and Brazilian venture fund monashees+, led a $9 million seed round for the Brazilian stationless bicycle-sharing platform Yellow. The terms of the deal have not been disclosed. The news was reported earlier this month by the Russian online publication VC.ru, based on exchanges with the fund Yellow …

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Russia battles to block access to Telegram; Durov pledges millions of dollars to “support Internet freedoms”

April 19, 2018

Russia’s telecom and Internet regulator Roskomnadzor stated on Monday that it requested telecom operators to block access to Telegram, following a court decision from last week. In an interview with Russian business daily Vedomosti on Monday, Roskomnadzor head Alexander Zharov said the regulator had first blocked 9,000 Telegram IP addresses. However, blocking access to the service did not …

Russia battles to block access to Telegram; Durov pledges millions of dollars to “support Internet freedoms” Read More

Target Global supports fast-growing European travel platform TravelPerk

April 16, 2018

Target Global, a Berlin-based international venture fund with Russian roots, led a $21 million series B round for Barcelona-based business travel platform TravelPerk. Another leading investor in the round was London-based Felix Capital. The news was announced last week by the startup . The round also involved existing investors, including Boston-based Spark Capital, European VC firms Sunstone …

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SDVentures invests $2 million in top US Blockchain fund

April 17, 2018

Social Discovery Ventures (SDVentures), an international technology and investment group with Russian roots, has contributed $2 million to a new $150 million fund launched by Blockchain Capital. The news was reported in late March by Russian online publication Firrma.ru based on its exchanges with SDVentures. Founded in 2013, San-Francisco based Blockchain Capital touts itself as a “the …

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Moscow court rules to block access to Telegram from Russia “immediately”

December 3, 2018

Today the Tagansky District Court in Moscow ruled to block “immediately” access to instant messenger Telegram from Russia, following its refusal to provide remote access to their systems to  the FSB. Adopted in 2016, a new Russian legislation (dubbed ‘Yarovaya law’ or ‘Big Brother law’) requires messenger apps and other “organizers of information distribution” to add additional …

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Russian lawmakers plan to tighten screws on social media

April 10, 2018

Deputies in the State Duma, the lower house of the Russian parliament, have drafted a new version of legislation that would impose additional regulations on social networks. The draft legislation includes, in particular, the following points: Every major social network would be required to establish representation in Russia, to make it easier for the Russian authorities to communicate with these …

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Starta Ventures launches hybrid fund to invest via smart contract security tokens

April 10, 2018

Starta Ventures, a tech investment group with Russian roots operating internationally, has launched a venture fund with original characteristics. Investors may not only join the new fund, dubbed Starta Capital Fund II, as LPs, they may also take directly their own equity stake in any company in which the fund will invest. This mechanism is …

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How Eastern European startups attract crypto investors and partners in France

August 1, 2018

Last week in Paris, half a dozen of startups with roots in Russia, Slovenia, Ukraine and Estonia met the French blockchain and crypto community through a dedicated conference and a meetup. Organized by East-West Digital News and its sister company Blockchain-Connectors, with support from local community leaders and media, these events aimed to stimulate knowledge exchanges and …

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Flint Capital and Maxfield Capital invest in AI

April 10, 2018

In late March Flint Capital, a fund with Russian roots operating internationally, participated in a $11.3 million Series A round for Audioburst, an Israel-based audio search startup. The news was reported in late March by Calcalistech. The round was led by Samsung, which invested $4.6 million through its venture arm Samsung Ventures, with participation from Japanese …

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Pavel Terentiev of Addventure: “Building a $100m business in Russia is a no-brainer, but growing further is more challenging”

April 4, 2018

Pavel Terentiev is Managing Partner at AddVenture, a fund launched in 2008, at the very early days of the Russian venture industry. In this exchange, he recalls the spectacular development of the Russian venture scene over the past ten years, and explains how savvy entrepreneurs and investors can seize the opportunities of the undergoing digital …

Pavel Terentiev of Addventure: “Building a $100m business in Russia is a no-brainer, but growing further is more challenging” Read More

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