CapMan, a Finnish private equity fund manager, has acquired a minority stake in Kokoc Group, a major Russian online marketing agency. Neither the amount nor the terms of the transaction, which took place last month, have been disclosed. The investment will be used to acquire new companies and expand the group’s range of services. “Kokoc …
Finnish CapMan takes minority stake in Russian online marketing agency Read More
Yandex.Taxi, the taxi service of Russian Internet giant Yandex, and Uber have agreed to merge their businesses in Russia and neighboring countries Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. Should it receive regulatory approvals the transaction is scheduled for completion in late 2017, stated Yandex. [Update: the merger was cleared in Nov. 2017] “This deal is a testament …
Uber and Yandex.taxi announce plans to merge in Eastern Europe into a $3.7 billion company Read More
Just days after company founder Eugene Kaspersky announced his readiness to have Kaspersky Lab’s source code examined by the US administration, suspicions about his ties to the Kremlin have been fuelled again by Bloomberg. The agency claims to have obtained internal company emails showing that “Kaspersky Lab has maintained a much closer working relationship with the FSB, …
Suspicions of Kaspersky “close relationship with FSB” fuelled again by Bloomberg report Read More
SLINGSHOT@SWITCH 2017 is offering promising startups from across the world, including Eastern Europe, an opportunity to showcase their technology and business ideas with exposure to investors, corporates, industry leaders, mentors, media, and tech-savvy early adopters. Startups should apply online no later than July 27. This initiative is supported by government agency SPRING Singapore and its …
Startups from across the world invited to pitch “the next big idea” in Singapore Read More
Last week a delegation of the Moscow Agency of Innovations and the Moscow Export Center visited Paris as part of the city authorities’ strategy to develop ties with high tech hubs in other countries, with a focus on Western Europe. The Moscow representatives met top executives from key organizations of the French capital’s high-tech ecosystem. These …
Moscow and Paris seek to develop new ties in the field of technologies Read More
ExoAtlet, a Russian startup that makes exoskeletons to help disabled people walk again, has raised $2 million in private investment and state grants in South Korea to develop activities in Asia. The company aims to develop clinical trials on the local market, and to create a high-quality manufacturing base in South Korea to enter the markets …
Russian exoskeleton maker raises $2 million in South Korea to develop in Asia and beyond Read More
Last week Yoopies, a major player in the field of online childcare and home care services in France, announced that it raised €4 million in equity funding. The Series A round involved Runa Capital, an international venture fund with Russian roots, and Paris-based fund XAnge. Runa brought in two-thirds of the funding amount, Yoopies’ CEO Benjamin …
Runa Capital leads €4 million round of funding in French childcare service Read More
It’s time for the big G-20 summit in Hamburg, and Russian phone customizers Caviar are commemorating the occasion with a very special Nokia 3310 (the new one). Encased in the best metals, titanium, and gold, the back features a touching double profile of Trump and Putin. Only 149,000 rubles, or about $2,500. “Wait,” you say. …
The chief executive of Russia’s Kaspersky Lab says he’s ready to have his company’s source code examined by US government officials to help dispel long-lingering suspicions about his company’s ties to the Kremlin. In an interview last week with The Associated Press at his Moscow headquarters, Eugene Kaspersky said that he’s also ready to move …
Kasperky founder offers up code for US government scrutiny Read More
Last month this Russian B2C e-commerce marketplace shut down, putting an end to a long agony. Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition to create a Russian analog of eBay. The project was heavily funded by Western investors, with Tiger Global Management investing some $30 million …
Sberbank, Russia’s national savings bank, has not found any potential US cyber-weapons in its systems after screening, the bank told Bloomberg and East-West Digital News today. However, Stanislav Kuznetsov, deputy chief executive in charge of cybersecurity, characterized such a threat as “theoretically possible” in Russian infrastructure. Kuznetsov’s comments come as an answer to recent reports …
Russia’s Sberbank says found no traces of US cyber-weapons Read More
Data Matrix, a Russian provider of software, data management and biostatistics services for clinical trials, has opened an office in Munich and joined the Bavarian biotech cluster. The move will allow the St. Petersburg-based company to expand its activities and launch its newest products on the European market. Data Matrix also hopes to find partners among …
Russian biotech company opens office in Munich to expand international operations Read More
