iFarm, a startup founded in Siberia but now headquartered in Helsinki, Finland, has secured $4 million from an international pool of investors led by Gagarin Capital. This California-based VC firm had led a previous $1 million round in early 2019. iFarm’s turnkey solutions “enable anyone to grow fresh vegetables, berries, greens and edible flowers for …
Norma Investment, a venture firm affiliated to Russian billionaire Roman Abramovich, has taken part in a $20 million round of funding for Russian game publisher 110 Industries. GEM Capital, an investment company founded by a top executive from the Russian oil and gas industry, and Sergey Kornikhin, a film producer, also contributed to the …
Can you study in a top US, Chinese or European university when you have no money and lack family support? The answer is yes, as demonstrated by StudyFree, an online service that helps applicants increase their chances to get a scholarship and be admitted to educational institutions. Now claiming 23,000 users across the world, StudyFree …
Russian-born startup helps students make their international education dreams come true Read More
With COVID-19 wreaking havoc with transportation worldwide, a Russian entrepreneur, Denis Sverdlov, has proposed innovative, and eco-friendly, solutions for our transit crisis. Sverdlov is the founder of the British-based company Arrival. Already the talk of the town in the electric-vehicle business, the firm has designed public transport buses, that not only promise to lower our …
Russian entrepreneur brings social distancing to bus transportation Read More
Can artificial intelligence and machine learning help mankind address diseases related to ageing, and delay mortality? Gero, a Singaporean company with Russian roots, believes so. To address this biological and technological challenge, Gero has teamed up with the National University of Singapore, conducting experiments involving aged animals. These works “demonstrated mortality delay (life-extension) and functional …
In Singapore, a Russian-born startup uses AI to penetrate the mysteries of human longevity Read More
A Russian medical insurance startup called BestDoctor has raised $4.5 million from major Russian investors. These include AddVenture, a pioneer in the Russian venture business, Target Global, a fund with Russian roots operating from Berlin, and LVL1, the investment company of Russian-Israeli Lev Leviev. This is BestDoctor’s third round of equity funding since inception in …
Mobalytics, a California-headquartered startup with Ukrainian roots, raised a $11.25 million Series A round led by Almaz Capital and Cabra VC, two international funds with connections in Eastern Europe. The other investors include HP Tech Ventures, General Catalyst, GGV Capital, RRE Ventures, Axiomatic and T1 Esports. Almaz Capital, Founders Fund, General Catalyst and GGV Capital …
K-SkAI, a startup developing an AI-enabled predictive analytics solution for healthcare, has raised 130 million rubles (around $1.8 million at the current exchange rate). Company representative Anna Guseva told East-West Digital News that the funding came from Russian individual investors, including Spartak Zabolotsky and other unnamed ones. She did not disclose further details of the deal. The …
Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has increased its stake in New Cloud Technologies (NCT) from 29.5% to 47%, the Kommersant business daily reported. These shares were sold by company founder Andrey Cheglakov. Kaspersky acquired its initial 29.5% stake in May last year. Launched in 2013 — now with offices in Moscow, St. …
Kaspersky purchases additional stake in Russian cloud solution provider Read More
3D Bioprinting Solutions, a resident of the Skolkovo Foundation Biomedical Cluster, recently agreed to collaborate with KFC in developing an innovative technology aimed at making chicken using a 3D bio-printer. The two sides came up with the idea as a means to tap into the healthy lifestyle trend, which includes healthy eating, and to meet …
Earlier this month Mail.ru Group, the LSE-listed Russian Internet giant, announced an investment in data science education startup SkillFactory. The amount fo the transaction was not disclosed, but the group stated it will “receive a 18.31% share in the service with the option to add on more shares.” SkillFactory’s offers include: An online Big Data …
The Internet Initiatives Development Fund (IIDF, or FRII in Russian) has announced that 52 Russian startups are going through a three-month summer batch of its acceleration program – a record number since the fund’s inception in 2013. Eighty percent of the startups of this summer batch develop B2B solutions, in particular in the fields of marketing …
