Fresh Solutions, a St. Petersburg-based publisher of cloud-based CRM solutions, has secured 37 million rubles (a little more than $1.1 million) from Imperious Group. The startup was valued at $6 million pre-money, East-West Digital News learned from the press service of Ingria, the major St. Petersburg technopark that incubates the startup. Founded in 2011, Fresh …
Last week Maxfield Capital, a Moscow-based $100 million venture fund, and Altair, the investment vehicle of serial business angel Igor Ryabenkiy, announced a seed-stage investment in Qbaka, an award-winning startup developing a solution to track JavaScript errors on web services. The round amounted to $200,000, but may be completed with other investors, Qbaka’s co-founder Andrey …
The Foxconn factory near St. Petersburg has begun production of Hewlett-Packard (HP) All-in-One PCs, an HP representative told Vedomosti. The All-in-One PC is a type of computer in which the monitor is united with the processor, motherboard, hard drive and other components. In early 2013, Russia imposed 10-percent import duties on desktop PCs and monoblocks, …
About 300 tech-savvy students from 71 countries gathered in St. Petersburg on July 10 and July 11 to contend for global recognition and a total of $1 million in prize money, Microsoft reported. These student finalists pitched innovative projects to a high-profile jury in three main categories. In the Games category, Austria’s Zeppelin Studio came …
In St. Petersburg, no Russians among Microsoft Imagine Cup 2013 winners Read More
This Monday, St. Petersburg-based Live Office announced the completion of its initial public offering on the Moscow Stock Exchange. The 4 million shares, or 33% of the company’s equity, were offered at 129 rubles (approximately $4) per share, valuing the company at about $47.4 million. Established in 1996, the company claims to serve 7,000 corporate …
Office supplies retailer Live Office migrates online and goes public Read More
The Apple website in Russia, now features an Apple Online Store, and Russian consumers will be able to purchase Apple devices directly from the company’s website. Any Apple device can be bought from the store, including the iPhone 5, which starts at 29,990 rubles ($909). Online customers can pay by bank card online or pay …
Earlier this month, Radario.ru, a St. Petersburg-based e-ticketing service for music and entertainment events, closed a $1.2 million investment deal with undisclosed investors in its second round of funding, bringing its total investment since inception to $1.4 million. Daria Semenova, a spokesperson for Radario, explained to East-West Digital News that the startup’s post-investment valuation is …
St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing Read More
As Russia’s banking sector seeks new, customer-focused strategies to win over clients in an increasingly competitive market, Russian startups are close at hand and ready to support such strategies with an array of advanced IT solutions. In St. Petersburg on May 31st, eighteen startups, all residents of the Ingria business incubator, made a series of …
St. Petersburg startups pitch customer-oriented solutions for bankers Read More
The Russian government has named pharmaceutical and biomedical as priority sectors for innovation, and has set a fairly ambitious strategic goal of increasing the share of domestic medical equipment products in the Russian market to at least 40%. In these highly important fields, two new players have emerged recently in Russia, assisted by the global …
Russian innovators offer solutions for mobile medicine; Cisco backs hi-tech endeavors Read More
After visiting Kaliningrad, Nizhny Novgorod (Russia), and Almaty (Kazakhstan), HackDay#27 is coming back to Saint-Petersburg on May 24-26. The event will offer a chance to build a team, attend learning sessions, develop a prototype and present it to the city’s IT community as well as to investors and industry experts. All that in just 48 hours – with …
St. Petersburg’s HackDay: Build a team and develop a prototype in 48 hours! Read More
Russia’s manufacturers, distributors and wholesalers can now experiment with online sales without investing in their own IT, payment, fulfillment or even online marketing capacities. A new specially-designed platform called TetraMall was launched last month to offer such clients a complete set of services for starting e-commerce activities “quickly and successfully.” The St. Petersburg-based company claims …
E-commerce platform TetraMall helps manufacturers, distributors go online Read More
United Capital Partners (UCP), a major Russian fund operating in various industries, claims to have acquired a 48% stake in the country’s leading social network Vkontakte.ru, also known as VK.com. The transaction has been put at doubt, however, by the site’s co-founder and CEO Pavel Durov. “According to the company’s charter, existing shareholders have preferential acquisition rights, and we …
Drama at Vkontakte: UCP claims 48% stake, CEO is involved in police investigation Read More
