International

From ‘TechMafia’ to ‘Hack Temple,’ Russian investors nurture startups in Silicon valley

November 30, 2017

Last week Sberbank, Russia’s national savings bank, the Internet Initiatives Development Fund (IIDF, or FRII, Russia’s largest early-stage startup investment fund) and FortRoss Ventures (formerly known as Money Time) announced the launch of a platform called Global Pitch to help Russian tech entrepreneurs develop in the USA. Global Pitch expects to introduce dozens of Russian …

From ‘TechMafia’ to ‘Hack Temple,’ Russian investors nurture startups in Silicon valley Read More

Russian startup aims to help immigrants “make America great again”

November 30, 2017

After struggling personally with the U.S. visa application process, a young Russian entrepreneur, Artem Goldman, created an artificial intelligence chatbot to help other immigrants and tech professionals who are moving to Silicon Valley. The service has already helped more than 100,000 people apply for green cards and visas. Visabot was launched in the U.S. in autumn 2016, just before the presidential …

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AI and blockchain could accelerate biomedical research, say Russian scientists

November 27, 2017

Insilico Medicine, the parent company of Russian biomed startup Insilico, has published a peer-review research paper calling for patients to regain control of their personal medical records, and even to profit from them. The Baltimore-based Insilico Medicine, which specializes in the application of deep learning for drug discovery, produced the paper, titled “Converging blockchain and next-generation artificial intelligence …

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Russia’s antimonopoly authority clears merger between Uber and local service Yandex.Taxi

November 24, 2017

The Federal Antimonopoly Service of the Russian Federation has approved the Yandex-Uber plan to merge their respective taxi service activity in the country. To ensure fair competition, the antimonopoly authority has requested the companies to “provide users with the most complete and accessible information of the legal person carrying out the transportation, with the preservation of the history …

Russia’s antimonopoly authority clears merger between Uber and local service Yandex.Taxi Read More

An ad conundrum from Russia

November 22, 2017

As new data emerges on the political activity of Russian entities in the 2016 election year, research from HubSpot finds that US adults aren’t sure about how much to trust ads on social networks. In fact, the level of distrust discovered by HubSpot was nearly identical no matter the platform, whether it was Facebook, Twitter or Google. …

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US VCs steer clear of Russian startups

November 21, 2017

About six years ago, a number U.S. venture investors were bullish about Russia’s startup scene. Well-known VCs like Accel and Intel Capital led rounds for emerging Russian Internet brands. Cisco also targeted the region, backing a fund focused on Russia and Eastern Europe. In 2012, the peak year for cross-border deals, U.S. VCs backed nearly 50 rounds for Russia-based startups. But that was …

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Russian eSports company attracts $10 million to expand in Russia and internationally

November 17, 2017

Last month Winstrike, a Russian globally-oriented eSports company, has attracted $10 million from private investor Nikolai Belykh and several business angels. The news was reported by Vedomosti based on its exchanges with Jaroslav Komkov, Winstrike’s CEO, and the investor. Belykh will receive a 25% stake in the company, the Russian business daily reported. The funding will be …

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Russian startup Fibrum creates world’s first virtual stores for AliExpress

November 23, 2017

Fibrum, a resident startup of the Skolkovo Foundation’s IT cluster that makes virtual reality headsets, games and platforms, has developed the world’s first chain of virtual stores for the Chinese ecommerce platform AliExpress. The groundbreaking network consists of 121 virtual stores in 11 Russian cities, operated by AliExpress and Tmall, online retail sites owned by China’s Alibaba …

Russian startup Fibrum creates world’s first virtual stores for AliExpress Read More

Russian procurement automation startup expands to Spain

November 15, 2017

MixCart.ru, a Russian startup with a B2B service for suppliers and restaurants to connect and automate their procurement processes, will enter the Spanish market. The news was reported last week by Russian online publication Firrma.ru, which cited exchanges with the company. The company is planning to expand to Indonesia, Poland and the Baltic states. Founded in 2016 …

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NUMA Moscow launches its 3rd acceleration program (application deadline: Dec. 4)

November 15, 2017

NUMA Moscow, an internationally-oriented startup accelerator in Moscow, will launch its third acceleration program in early 2018. Startups are invited to apply until December 4, 2017. The four-month program targets globally-oriented early-stage startups with a strong team and a working prototype or MVP in the following fields: energy, transportation, food, health and education, among others. …

NUMA Moscow launches its 3rd acceleration program (application deadline: Dec. 4) Read More

Yandex.Money and Lukoil launch new app to make payments at gas stations easier

November 13, 2017

Last week Yandex.Money, a leading online payment service in Russia, released Yandex.Gas, a new application intended for drivers to pay for fuel remotely — without leaving their car and queueing at the cash register. Payment can be made with the Yandex.Money e-wallet or using a Mastercard bank card. Yandex.Money plans to expand the range of available payment …

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State-backed Russian-Chinese fund participates in $1 billion round for Chinese e-car manufacturer

November 13, 2017

Last week the Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, announced that it took part in a $1 billion Series D round of investment in Chinese e-car maker NIO. Led by China-based Tencent Holdings, the round also involved several institutional investors from the United States, Western Europe, Asia and …

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