Startups

Backed by Western investors, a Russian car repair platform “temporarily suspends” activity

April 11, 2019 July 30, 2019

CarFix, an online-to-offline auto repair and maintenance platform, has announced the “temporary suspension” of its activity. “The car service digital revolution is postponed,” the company’s website says, while promising that the service “will soon come back with a first-class product.” Launched in 2016, the platform initially raised €1 million from Oskar Hartmann, a young German entrepreneur who …

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Marketing solution startup secures $8 million from US and Russian investors

April 11, 2019 April 11, 2019

Improvado.io, a US-based marketing solution provider with Russian roots, has secured $5 million from several investors including two Russian funds: Impulse VC, which is reportedly affiliated to Russian billionaire Roman Abramovich, and Cabra VC. According to the business daily Vedomosti, which reported the news earlier this week, this capital injection comes as the second part …

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Coca Cola teams up with Russian fund to help employees launch their own business projects

April 10, 2019 April 10, 2019

The Internet Initiatives Development Fund (IIDF or FRII in Russian), Russia’s main startup investment fund, has announced a partnership with Coca Cola HBC Russia to create an in-house accelerator for the company’s employees in Russia. The program will teach Coca-Cola HBC Russia’s employees how to launch startups inside the corporation. IIDF experts will help employees …

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Food delivery startup attracts $7.6 million from Mail.Ru Group and top businessmen

April 2, 2019 November 12, 2020

Instamart, a Moscow-based startup that organizes food deliveries from offline retail outlets, raised 500 million rubles (approximately $7.6 million at the current exchange rate). As reported by VC.RU, the deal, which took place last month, valued the company at 1.8 billion rubles (around $27.5 million). The money was brought in by Mail.Ru Group, Sberbank top …

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RTP Global injects $2 million in Russian AI call-center automation technology

March 15, 2019 March 15, 2019

Leonid Boguslavsky’s RTP Global has invested $2 million in Dasha.ai, as reported by Russian business daily Vedomosti, based on exchanges with representatives from both sides. Founded just months ago, this Russian startup is building an AI-powered call-center automation solution that allows companies to “design, test and launch rich, human-level voice conversations.” This will help businesses “automate [their] entire …

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Yandex acquires Q&A service TheQuestion

March 13, 2019 March 18, 2019

Yandex, the NADSDAQ-listed Russian search giant, has acquired online Q&A service TheQuestion with a plan to merge it with an analog in-house service. Neither the amount nor other details of the transaction have been disclosed. Founded in 2014 by Russian journalist Tonya Samsonova, TheQuestion attracted equity funding from individual investors in 2016. The service has generated …

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DataSine aims to make the science of “digital mass persuasion” available to marketers

March 11, 2019 March 11, 2019

A UK-based startup with Eastern European connections is leveraging personality analysis, data analysis and machine learning to make marketing communications even more persuasive. And it has just raised $5.2 million to develop and commercialize its technology further. DataSine’s flagship product, ‘Pomegranate,’ helps businesses “tailor content to resonate with their audience, from the segment level down …

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Ukrainian-Russian startup raises $1.5 million to teach English to Polish and Spanish kids

March 7, 2019 March 7, 2019

AllRight.io, an e-learning startup with Ukrainian and Russian roots, has just secured $1.5 million in a funding round led by Buran Venture Capital. Founded in 2017, AllRight provides childrens aged 4-12 with courses of English as a foreign language. The startup claims to serve more than 1,700 active users monthly, essentially from Russia, with 150 …

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Mail.Ru Group invests in online IT education platform

February 27, 2019 July 11, 2020

Mail.Ru Group, the LSE-listed Russian Internet giant, is investing is Skillbox, an e-learning platform for digital and IT specialties. The transaction was revealed yesterday by business daily Vedomosti, based on exchanges with representatives of both companies. The group has acquired a 3.6% stake for an undisclosed amount as part of a plan to ultimately acquire …

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Siberian startup raises $4.5 million for alternative tuberculosis, cancer and HIV treatment technology

February 19, 2019 February 19, 2019

In late January a Russian government fund injected 305 million rubles (around $4.5 million at the current exchange rate) in Personal Medication & Health Management (PM&HM), a Novosibirsk, Siberia-based company that has developed a new approach to tuberculosis, cancer and HIV treatments. Founded by researchers from the local branch of the Russian Academy of Sciences, PM&HM has designed a …

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HeadHunter invests in AI-powered recruitment solution developer

February 15, 2019 February 15, 2019

HeadHunter has acquired a 25% stake as a result of a capital injection into Skillaz, a developer of advanced recruitment solutions. The news was reported earlier this week by business daily Vedomosti, which cited exchanges with an official company HeadHunter representative. The funding will be used for recruitment and company development purposes. Neither the amount nor other …

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Siberian startup secures $1 million to develop “vertical farms” across Russia and Europe

February 13, 2019 November 11, 2020

iFarm, a Novosibirsk, Siberia-based startup, has just secured $1 million in a round led by Gagarin Capital – the California-based VC firm founded by Nick Davidov and Mikhail Taver – with participation from individual Russian investors. The details of the deal have not been disclosed. This agritech startup builds vertical farms, which “use a footprint …

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