Startups

Leading Russian edtech startup Skyeng backed by two major investment firms

November 24, 2020

Skyeng, one of the most successful Russian startups, has received funding from two major investment firms, Winter Capital and Baring Vostok. The deal, which took place in October, was revealed only this past Friday by the Russian edition of Forbes magazine, based on exchanges with representatives of the parties involved.   Neither the amount invested …

Leading Russian edtech startup Skyeng backed by two major investment firms Read More

Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub

November 23, 2020

For the second time in less than 18 months, Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, has backed UK agrotech startup KisanHub. The latest round, announced last week, provided £1.12 million ($1.49 million) to the Cambridge-headquartered startup. The round was led by Low Carbon Innovation Fund II (LCIF2) with co-investment matching coming from …

Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub Read More

New Russian AI and cloud investment firm backs 3D rendering company Megarender

November 19, 2020

Russian 3D rendering company Megarender has secured $3 million from Scalo Technologies, a firm launched earlier this year to invest in artificial intelligence and B2B cloud services. Megarender facilitates access to powerful servers to increase considerably the speed of 3D rendering. Customers may thus use such software as 3ds MAX, Arnold, Blender, Cinema 4D, Corona Renderer, …

New Russian AI and cloud investment firm backs 3D rendering company Megarender Read More

Russia’s BioFoodLabs health food is flourishing in times of pandemic

November 17, 2020

Russians have been bingeing on health food in an effort to build up their immune systems in the hope of protecting themselves from the novel coronavirus. That’s how Elena Shifrina, former model, MIT alumnus and now CEO of Russia’s premier health food company BioFoodLabs explains the surge in sales this year. bne IntelliNews profiled Shifrina three years ago when …

Russia’s BioFoodLabs health food is flourishing in times of pandemic Read More

After raising $2.1 million, this Russian truck driving startup wants to become a unicorn

November 12, 2020

Fura, a Moscow-based startup offering high-tech services to truck drivers, has raised 160 million rubles ($2.1 million at the current exchange rate) in a Series A round led by an unnamed Swiss-Russian fund. Alexander Popov, Svyatoslav Vilde and other individual investors also took part in the round. The fresh funding will be used to strengthen the …

After raising $2.1 million, this Russian truck driving startup wants to become a unicorn Read More

Russian home cinema startup secures $5 million factoring loan to pursue international development

October 23, 2020

Russian home cinema startup Multibutik — also known as Cinemood — has secured a $5 million loan from factoring company GameBoost42.  Now headquartered in San Francisco, this startup is one of Russia’s most hyped international startup success stories. It has developed mini cinema projectors for children, including a cloud-connected one that can project content onto any surface.  Cinemood …

Russian home cinema startup secures $5 million factoring loan to pursue international development Read More

Russian retail self-service and payment startup raises $2 million to expand across Eastern Europe

October 14, 2020

Moscow startup Briskly has raised $2 million to finance its first international projects and strengthen its positions in Russia. Sberbank executive Maxim Poletaev and Gauss Ventures, a Cayman-based fund with Russian connections, are among the investors alongside an unnamed British venture fund and another private investor. Poletaev and Gauss Ventures already put $370,000 in the …

Russian retail self-service and payment startup raises $2 million to expand across Eastern Europe Read More

From Moscow to Berlin, digital music startups attract top investors

September 28, 2020

As the global digital music market pursues solid growth, last week saw three deals involving companies from Russia or with Russian founders. Sberbank acquires Zvooq Just a day before touting its transformation into a tech “universe,” Sber announced the acquisition of Zvooq, one of the most established Russian music platforms. No details about the transaction were disclosed.  Founded in 2010 by UK …

From Moscow to Berlin, digital music startups attract top investors Read More

Swedish, Malaysian and French investors back Russian startups

September 20, 2020

Russian startup NaPopravku (“for cure”), an online service for medical appointments, has raised $2.25 million for further domestic expansion and mobile developments, reported industry publication Rusbase.  The investor pool includes the Russian investment holding Avenir, which has a variety of tech companies in its portfolio; the Swedish VC fund VNV, which is renowned for its …

Swedish, Malaysian and French investors back Russian startups Read More

Mail.ru Group and Sberbank invest again in food delivery

November 12, 2020

Mail.ru Group and Sberbank are increasing their stake in food delivery service Local Kitchen (‘Kukhnya na rayone’) through their joint venture O2O. After the acquisition of a 30% share in May for nearly $3.9 million, O2O is to own 84.7% of the company after deal completion scheduled for Q4 2020. Some of Local Kitchen’ services are …

Mail.ru Group and Sberbank invest again in food delivery Read More

Target Global bets on Russo-Estonian startup “to disrupt crypto payments”

September 8, 2020

Last week Mercuryo.io, a Russian-founded startup based in Estonia, announced the completion of its first round of funding, having received €2.5 million from Target Global.  Mercuryo.io has built a cross-border cryptocurrency payment network for businesses – allowing for transactions from and to anywhere in the world. This infrastructure offers solutions for virtual accounts, business payments, …

Target Global bets on Russo-Estonian startup “to disrupt crypto payments” Read More

Russian 3D scan provider secures $1.5 million to “digitize the entire planet”

September 4, 2020

Two major Russian corporate funds, Rusnano Sistema and the IIDF, have just announced an investment in Texel, a startup which has designed an advanced 3D scan technology. The capital injection, which amounts to 110 million rubles, or $1.46 million at the current exchange rate, will be used to boost Texel’s international expansion. Over the past two years, …

Russian 3D scan provider secures $1.5 million to “digitize the entire planet” Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.