Welldone, a Russian artificial meat startup founded last year, has secured $1.5 million from two local funds. These investors are Lever VC, the venture arm of agroindustrial major GrainRus, and Phystech Ventures, a fund launched by top Moscow science institute. Forbes Russia heard that Welldone’s valuation could be in the range of $5 million to $7 million. …
A Russian action film with coded references to Russian politics became Netflix’s most-streamed film last week. The hero of ‘Major Grom: Plague Doctor’ is incorruptible cop Igor Grom who does battle with a mass-murdering IT billionaire bearing an uncanny resemblance to Telegram messaging service founder Pavel Durov. Netflix released ‘Major Grom: Plague Doctor’ — their …
The Untitled, a Russian venture firm established in 2013, has raised €100 million for a new, London-based vehicle (‘The Untitled Ventures’) that will target startups relocating from countries of the former Soviet Union. This is twice as much as the initial target (€50 million) announced by the firm last year. “Russia and neighboring countries feature world-class programmers and high quality startups,” The …
Last week Zerion, a Californian decentralized finance (DeFi) startup with Russian and Ukrainian founders, announced the completion of a $8.2 million round. Led by Mosaic Ventures, the deal also involved Placeholder, DCG, Lightspeed, Blockchain.com Ventures and other organizations — as well as a dozen of individual investors from the crypto community. Zerion touts its investing app as “the simplest way to track and manage …
Zerion secures $8.2 million to make decentralized finance accessible to all Read More
Wowworks, a Moscow-based startup providing corporate clients with a variety of maintenance services, has raised $3.6 million from three VCs: AddVenture, one of the most established VC firms with Russian roots; DV Capital, a recently-founded, Moscow-based VC firm; and LVL1, a vehicle of Russian-Israeli tech investor Lev Leviev. Back in 2017, the startup already secured $1 million from …
As reported by business daily Vedomosti, the Dutch fund Rabo Frontier Ventures and the Greek fund VentureFriends have been the main contributors to a $5 million of funding for Russian agritech startup Agro.Club. Neither the respective contributions of the investors nor the terms of the deals were disclosed. Founded in 2018, Agro.Club is a digital marketplace that …
Dutch and Greek investors back Russian startup Agro.Club for international expansion Read More
On July 3 president Vladimir Putin signed off on a new national security strategy for Russia. This latest version develops the notion that Russia is surrounded by enemies threatening the country’s security in a variety of ways — from military pressure, to the spread of extremist ideas, to the “Westernization of culture” and the imposition of foreign moral values. In the spirit …
Yandex Self-Driving Group, the Yandex spin-off dedicated to unmanned vehicles, has teamed up with Grubhub to develop driverless food deliveries on college campuses in the United States. Partnering with more than 250 college campuses, Grubhub is a major online and mobile food-ordering and delivery platform in the US. The Russian company and its new US partner say these …
Yandex to operate driverless food deliveries on US college campuses Read More
On June 21-24, resident companies from Skolkovo, Russia’s top international tech hub, took part in a business mission to Arab Health 2021. The companies Geotar, VRSim, MEDVR, and The Psycho Hyperreality drew attention as they demonstrated their virtual reality solutions. Virtual reality technologies are part of an up-and-coming market that is spreading across multiple sectors, including construction, gaming, medicine, engineering, etc. Given …
Skolkovo companies demonstrate VR healthcare systems in Dubai Read More
Russia’s Embassy in the United States pointed the finger back at the U.S. Friday after its cybersecurity agencies blamed Kremlin-backed hackers for a massive hacking campaign on Western private and government entities. U.S. and U.K. national security agencies on Thursday said a cyber-unit within Russia’s GRU military intelligence agency has conducted “brute force” attacks on predominantly U.S. and European …
Russia points finger back at US over latest cyberattack accusations Read More
Employees of Russia’s security services are unable to obtain the official QR codes necessary for dining out in Moscow under current coronavirus restrictions, a Federal Protection Service (FSO) source said Thursday. All Moscow restaurants and cafes now require patrons to present a QR code proving their vaccination, recent recovery from Covid-19 or negative PCR test …
Russian security forces unable to get QR codes to dine out in Moscow Read More
Update July 9: Yandex announced the cancellation of the deal, for undisclosed reasons, according to media reports. The company is considering “other options to enter the fashion segment.” Yandex.Market is in the process of acquiring KupiVIP, one of the most established e-commerce brands in Russia, founded back in 2008 by German entrepreneur Oskar Hartmann. Also …
Glorious story but modest exit for online fashion pioneer KupiVIP Read More
