International

Altair VC teams up with international investors to back Indian healthcare startup

November 15, 2017

Just days after Russia’s Sistema Asia Fund invested in the Indian healthcare startup Netmeds, Altair VC, a fund with Russian roots operating internationally, participated in a $5 million round for another Indian healthtech startup, DocTalk. The deal was reported last week by the Times of India. Led by two California-based funds — Matrix Partners and Khosla …

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Why startups from Eastern Europe are so strong in face recognition and augmented reality

January 9, 2018

Russian-speaking engineers seem to have some special skills, or secret sauce, to develop face recognition and related AR technologies, if judging by the number of startups with roots in Eastern Europe that have made the news over the past few years. Emerging from Russia, Belarus and Ukraine in particular, they have topped international contests, received …

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Robomed aims to connect healthcare service providers and patients through smart contracts

November 10, 2017

Robomed, an international startup with Russian roots which aims to develop a smart contract platform in the field of medical services, claims to have raised $2.5 million in just 24 hours in a closed token pre-sale in late October. The news was reported by Firrma.ru based on exchanges with Robomed CEO Filipp Mironovich. One of the key …

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What the ‘Paradise Papers’ missed to reveal: Airbnb, Alibaba, DropBox, Groupon, Hyperloop One, Shazam, Spotify, Uber also received “Kremlin money”

January 18, 2023

Leaked files have just highlighted the connections of Yuri Milner, a top Russian-born international tech investor, with a Russian state-controlled financial institution.  While seeing in these connections “a long Kremlin arm,” the international journalist consortium which analyzed these files omitted to point out many other cases of Russian money fuelling powerful tech companies in the US and elsewhere. However, …

What the ‘Paradise Papers’ missed to reveal: Airbnb, Alibaba, DropBox, Groupon, Hyperloop One, Shazam, Spotify, Uber also received “Kremlin money” Read More

China to provide up to $3 billion in loans to support Russian infrastructure and high-tech projects

November 6, 2017

Last week Russia’s Vnesheconombank (VEB) announced that it signed an agreement with the Export–Import Bank of China (China EximBank)  for an “up to $3 billion” framework line of credit. The two banks are owned by their respective governments. The agreement was signed in the presence of Russian Prime Minister Dmitry Medvedev and Li Keqiang, Premier …

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How Chinese online retailers leverage CPA campaigns to secure fast growth on the global market

November 4, 2017

Chinese e-commerce companies will generate nearly half a billion US dollars in cross-border revenues this year through admitad’s CPA platform, the company has revealed. This considerable volume accounts for just a fraction of Chinese online retailers’ international business, since admitad is not the only affiliate network available to these retailers, and CPA is not the …

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Russia blocks access to 13 cryptocurrency trading sites

November 3, 2017

While the Russian government and the central bank are preparing to regulate cryptocurrencies and ICOs — with a draft bill expected to be ready by mid-2018 — the authorities have taken steps to limit cryptocurrency trading in the country. Thus yesterday Roskomnadzor, the Internet and telecom regulator, announced that it has blocked access to 13 …

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Russian and Cambodian investors team up to back Indian healthcare startup

November 14, 2017

Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam have injected $14 million in the Indian healthcare startup Netmeds. Among the earlier investors in the startup are investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family. Sistema Asia Fund targets …

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Hyperloop One attracts new funding from state-backed Russian-Chinese fund

November 1, 2017

The Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, has invested an undisclosed amount in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The news was reported yesterday by Vedomosti. The business daily cited RDIF CEO Kirill Dmitriev, who did not specify the date of the transaction. The …

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MegaFon and Raiffeisenbank complete first Blockchain bond placement in Russia

October 31, 2017

Earlier this month MegaFon, a major Russian mobile operator, announced the completion of a 500 million ruble (around $8.6 million) bond issue with Blockchain settlement. The entire issue was purchased by Raiffeisenbank. The system, which was developed in the course of this year, is intended for bond placement and circulation of digitized assets, making accounting …

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Russian investors back French online freight service Convargo

November 1, 2017

Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups. Just months ago Inventure Partners invested $3 million in a …

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Twitter bans RT and Sputnik from advertising, RT denies any illegitimate activity

October 27, 2017

Twitter is banning advertising from all accounts owned by RT (Russia Today) and Sputnik effective immediately, after US investigators concluded the Russian media companies attempted to interfere in the 2016 presidential election, reports Bloomberg. This is one of the biggest changes made yet by social media companies who have been called to respond to the US government’s concerns. …

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