Ostrovok.ru, an online hotel booking service launched a year ago in Russia, announced yesterday it has raised as much as $13.6 million from leading international investors. Among them are General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well as prominent business angels including Qunar founder Fritz Demopoulos, Yandex board member Esther Dyson, Zyngo founder Mark …
Three major court cases involving violation of electronic copyright came into the spotlight in Russia over the past two weeks, revealing a steady – though controversial – progress in the application of copyright related legislation in the country.
Moscow-based software developer Auriga has been named the #1 engineering service outsourcing (ESO) provider in the Black Book of Outsourcing, an annual online poll of outsourcing services available worldwide. The poll is conducted by business information provider Datamonitor.
Troika Dialog Asset Management announced last Friday the creation of Troika Dialog-Global Internet, a new open ended equity fund that will invest exclusively in Internet related businesses, both in Russia and abroad.
Vizerra, a Moscow based developer of 3D applications for city planning, construction projects, product design, and virtual tourism, announced earlier this week the sale of a blocking stake (26%) in its capital to Solway, a Cyprus-based diversified investment group.
Fast Lane Ventures, a business incubator based in Moscow, announced the launch of Upladder.ru, the first Russian online job search service reserved for professionals with a monthly salary of more than 100,000 rubles, or $3,500.
Soyuz LTE, the consortium of Russian telecom operators formed to investigate the conditions for the deployment of LTE and LTE Advanced infrastructure in Russia, submitted its report with conclusions to the State Commission on Radio Frequencies (SCRF) on July 1 as planned. The consortium was requested by the Russian Ministry of Communications and Mass Media …
Refine.io, a startup offering to “create and share fully functional prototypes of mobile apps in about the same time as it takes to develop a wireframe,” received seed funding from Russia’s search engine giant Yandex under the Yandex.Factory program.
KupiKupon.ru, one of Russia’s numerous local deal sites, is in discussions with investors to raise between $10 to $15 million, reported Unova, a Russian site dedicated to high tech and venture news. To date, KupiKupon has received $6 million in previous rounds rounds of financing.
Online portal and search engine Rambler announced last week its first investment since its merger with media company Afisha. Rambler acquired Kanobu Network, the leading Russian network gaming site, for $3.5 million, an unnamed source told the Russian business daily Vedomosti.
LinguaLeo emerged last week as the winner of the annual BIT competition, Russia’s primary innovation and entrepreneurship contest with entrants from all across the country. LinguaLeo is a web service that teaches foreign languages using popular TV serials, books, and contextual dialogues.
National innovation and entrepreneurship contest BIT held its finale last Friday on the premises of Moscow business incubator Digital October. LinguaLeo, a web service that teaches foreign languages through popular TV serials, books and contextual dialogues, walked away with the first prize.
