International

Russian online classifieds giant Avito delivers 75% revenue growth in 2016

February 20, 2017

Avito.ru, Russia’s leading classifieds platform, saw its revenues reach $54.4 million in Q4 2016, up 54% from Q4 2015, says the recent activity report by Swedish investment company Vostok New Ventures, formerly known as Vostok Nafta Investment. According to the report, in Q4 2016 the company’s adjusted EBITDA margin reached 47% ($25.3 million), compared to 42% …

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German data center Darz invests in Russian video game streaming service

July 24, 2017

Darz, a major German data center company, has invested $1.5 million in the Russian startup Playkey. The deal, the terms of which have not been disclosed, was reported earlier this month by the Russian media and by Skolkovo, the international tech hub located near Moscow which hosts the startup. Playkey is a cloud gaming service …

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Swedish and Russian funds invest in two Russian fintech startups

February 16, 2017

Russia’s Baring Vostok and Sweden’s Vostok Emerging Finance (VEF) have invested up to $20 million in two Russian startups: Sorsdata, which is developing a consumer marketing and analytics solution, and Revo Technologies, which offers a crowdsourced microcredit service for online consumers. The deal, which took place last month, was confirmed to East-West Digital News by Björn von Sivers of VEF. The Swedish …

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Russian accelerator plans to nurture high-tech ‘ponies’ in New York City

February 14, 2017

Earlier this month, ten entrepreneurs from Russia and Eastern Europe arrived in New York City with a chance to set up business in the U.S. They were chosen from more than 400 applications based on potential to succeed in the global market. Company founders will spend three months building their products, finding customers, refining their …

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China and Russia launch high-speed train projects across Eurasia to foster economic integration

February 11, 2017

Last year Russian Railways announced that China agreed to provide a 400 billion-ruble ($6.2 billion) loan to build a high-speed rail project between Moscow and Kazan, a city 800km east of the Russian capital. According to Russian news agency Sputnik, which cites The China Daily newspaper, this project is scheduled for completion in 2020. The trains will be able …

China and Russia launch high-speed train projects across Eurasia to foster economic integration Read More

Russian and American scientists create ‘smart material’

February 11, 2017

An international group of scientists consisting of Russian and American experts has presented the first one-dimensional semiconducting material in the world. This material is based on the chemical compound Ta2Pd3Se8 (tantalum-palladium-selenium) and another compound called Ta2Pt3Se8 (tantalum-platinum-selenium) obtained from a Ta-Pd(Pt)-Se crystal using a micro-mechanical cleavage technique. This crystal was first synthesized over 30 years …

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Runa and Alven invest in French startup Keymetrics, “the next leader in Node.js”

February 12, 2017

Earlier this week Runa Capital, a venture fund with Russian roots operating globally, and Alven Capital, a Paris-based fund, announced an investment in Keymetrics. This French startup has developed a SaaS monitoring service for server infrastructure. making it easier for developers to build Node.js apps. Keymetrics raised $2 million in total in this round, including $1 million …

Runa and Alven invest in French startup Keymetrics, “the next leader in Node.js” Read More

Cyber expert’s arrest silences Russian contacts of some Western crime fighters

February 9, 2017

Despite acrimonious relations between Russia and the United States in recent years, experts on cyber security in both countries say their law enforcement agencies and private firms had been working together more closely behind the scenes to fight financial fraud and other crimes committed online. But at least some of that cooperation appears to have …

Cyber expert’s arrest silences Russian contacts of some Western crime fighters Read More

Russia’s Sistema Asia Fund leads $6 million round for Indian fashion discovery app

February 13, 2017

Russia’s Sistema Asia Fund has just led a $6 million round of financing  for Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery app for women. The news was reported on Monday by Vedomosti, a leading Russian business daily, based on exchanges with a fund representative. An unnamed source close to the fund added that Sistema …

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Luxoft acquires Ukrainian software development company IntroPro

February 6, 2017

Last week Luxoft, a NYSE-listed provider of software development services and innovative solutions and a part of Russia’s IBS Group, announced the acquisition of Ukrainian IT service provider IntroPro. The details of the transaction have not been disclosed. Established in 2008, IntroPro is an engineering consultancy that employs development teams in Ukraine to serve essentially clients in North America. Its expertise covers consulting, architectural design, development as well as …

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Russian tech executive sues BuzzFeed over unverified Trump dossier

February 6, 2017

A Russian technology executive who was named in a dossier containing unverified allegations about connections between President Trump and the Russian government has sued BuzzFeed News, which published the information. The defamation suit was filed in court on Friday in Broward County, Fla., according to lawyers for the executive, Aleksej Gubarev, the chief of XBT, …

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Apple Pay made available to Russian e-merchants and app developers

February 6, 2017

Yandex.Checkout, the online payment solution offered by Yandex.Money, can now be used by app developers and e-merchants to accept contactless payment via Apple Pay. “This payment method may stimulate impulse purchases. Everything is so simple: one touch of a finger on your smartphone — and you are all set,” said Alexander Magomedov, Chief Commercial Officer …

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