Regions & cities

Hearst Shkulev Media acquires regional online media network Rugion

June 17, 2015

Hearst Shkulev Media (HSM), a major Russian media group co-owned by Hearst Corporation, has acquired a controlling stake in Rugion, a network of city sites across Russian regions, in a bid to strengthen its existing regional activities. No details of the transaction have been disclosed, but Russian business daily Vedomosti learned from “a source close to one of …

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Startup Village: Thousands of entrepreneurs, investors and officials gathered in Skolkovo to “think globally”

February 18, 2016

Startup Village, a major industry event held last week at the Skolkovo international tech hub, greeted more than 10,000 participants: Russian and foreign entrepreneurs, investors, venture fund representatives and government officials, including Russian Prime Minister Dmitry Medvedev. Over the course of two days, the Startup Village came as the ultimate stage of a road show through …

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Luxury fashion site Aizel.ru to receive up to €25 million from Russian investors

June 10, 2015

Disconfirming the widespread view that the Russian e-commerce market has lost its appeal to venture investors, luxury fashion retailer Aizel.ru received a capital injection of €2.5 million earlier this year, the first tranche of an investment of up to €25 million over three years. The deal remained undisclosed until late May, when news of it …

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Ivideon secures $4 million from Impulse VC to take its video-streaming service global

February 18, 2016

Ivideon, a Russian startup whose cloud platform allows users to beam video to any device using almost any hardware configuration, has just raised $4 million from Russian venture fund Impulse VC. The investment deal was one of 14 agreements signed or announced on day one of Startup Village, totaling a combined $272 million in value, the …

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May 20-22: Meet top researchers, innovators and entrepreneurs in Nizhny Novgorod

May 18, 2015

Lobachevsky University, the largest university in the Nizhny Novgorod region, is announcing KomTech-2015, a sizable innovation-focused event to be held between May 20 and 22, 2015. The event aims to assist young innovators in the development of their entrepreneurial mindset, help them put together winning project promotion strategies, encourage transferable skills and activities, and foster …

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Retail analytics solution provider RetailNext secures giant funding round for global expansion

May 19, 2015

Earlier this month RetailNext, a global provider of retail analytics solutions with Russian connections, secured $125 million in growth funding. The company intends to use the new funding to strengthen its presence in North America, Europe and Asia, pursue relevant strategic acquisitions, and grow in new markets. With more than 160 retail customers and new store deployments …

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Russian startups mature, but need more tenacity, says Finnish Skolkovo executive

February 24, 2016

Russia’s high-tech startups are getting better by the year, but innovators need to be more persistent to commercialize their solutions, said Pekka Viljakainen, advisor to Skolkovo president Victor Vekselberg. The Finn made the remarks at the final stage of the 2015 edition of the Startup Tour, which has taken in 12 cities and ventured abroad …

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June 4-5: Top executives and experts to discuss Russian and global e-commerce trends in Moscow

May 12, 2015

East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The second edition edition of this annual event will be held in Moscow on June 4 and 5, in association the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and …

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Russia launches two major internationally-oriented tech funds

December 26, 2018

Two initiatives that confirm the Russian government’s commitment to support the country’s high-tech industries were announced this month. The first was the creation of a 5 billion ruble (approximately $100 million) tech fund by RVC, the state-owned fund of funds dedicated to innovation, in partnership with Da Vinci Capital Management, a major internationally-oriented Russian asset management company. Presented as …

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Skolkovo fortifies trade ties between Russia and Argentina

November 11, 2015

Skolkovo played a pivotal role this week in building trade bridges between Russian and Argentina, entering a dozen startups in a bilateral Moscow business forum held as part of Argentine President Cristina Fernandez’s official visit to the capital. Fernandez’s two-day visit to Moscow was aimed at drumming up business and investment for her country: She was …

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