Startups

Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly

November 12, 2020

Moscow-based grocery delivery service Golama has attracted 150 million ruble (approximately $2.3 million) in equity funding from an unnamed individual investor, according to media reports. The funding will be spent on expanding Golama’s network of partners, which include retail chains and stores, and its goods and services offer. Golama told Russian online tech resource Rusbase …

Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly Read More

Gazprom Media and US investor back catering startup from Moscow

February 13, 2019

Gazprom-Media, Russia’s largest Russian media holding and a subsidiary of Gazprom, has led a $2 million funding round for Catery. This Moscow-based catering startup, launched in 2016, organizes deliveries to corporate clients. It operates in Moscow, St. Petersburg, Kazan, Rostov-upon-Don and Nizhny Novgorod, based on partnerships with more than 500 restaurants. According to a Catery …

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Russian-founded startup raised $8 million to develop car rental services across the world

February 4, 2019

Get Transfer, a car rental startup with Russian roots operating internationally, has raised $8 million in total since early 2018, with a last capital injection of $3 million this month. The main investors are two international funds with Eastern European managers, Emery Capital and Castel Capital, and Russian airline S7 Group. The latest deal valued Get Transfer at …

Russian-founded startup raised $8 million to develop car rental services across the world Read More

Runa Capital invests in French and German startups

February 1, 2019

Last week Runa Capital, an international venture fund with Russian roots, announced its participation in two startup funding deals in Western Europe. As reported by Tech.eu, the fund led a €7 million funding round for Vehiculum, a German-founded startup which has developed a new car leasing marketplace. Almost simultaneously, French startup Admo announced the completion of its €6 million series …

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TON, Pavel Durov’s blockchain platform, prepares for launch in 10 countries

January 28, 2019

Telegram Open Network (TON), Pavel Durov’s darknet blockchain platform, and its cryptocurrency Gram, could be launched publicly as soon as March 2019 – a bit later than initially planned – according to Russian tech publication The Bell. Another Russian tech media, Kod Durova (‘Durov’s code’) puts the launch date at the second quarter of this year. Meanwhile, a …

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UK store data solution provider BeMyEye acquires Russian StreetBee

July 13, 2019

BeMyEye, a UK-based provider of “crowdsourced perfect store data,” has acquired StreetBee, a Russian startup that has developed fast data collection and processing solutions for retail. The terms of what seems to be an all-stock deal have not been disclosed, but an unnamed source told Russian business daily Kommersant that StreetBee’s shareholders will receive a …

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2018 Eastern Europe and Central Asia Tech Investment Overview

January 22, 2019

Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …

2018 Eastern Europe and Central Asia Tech Investment Overview Read More

Cinemood raises $4 million from Russian and Belarusian investors

October 22, 2020

The Internet Initiatives Development Fund (IIDF, or FRII in Russian, Russia’s leading startup fund) has teamed up with the Russian-Belarusian Investment Fund (RBF Ventures) to provide 263 million rubles (roughly $4 million) in fresh funding to Russian startup Multikubik. The news was reported in late December by business daily Kommersant based on an exchange with a Multikubik representative. Also participating …

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Larix VC invests $1 million in Indian agri-marketing platform Ninjacart

December 28, 2018

Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov, has invested $1 million in Indian startup Ninjacart. Launched in 2015, this B2B “agri-marketing platform” claims to serve currently  more than 3,000 vegetables and fruits farmers, connecting them to businesses. Ninjacart is the market leader in India, ahead of its competitors Crofarm, FarmTaaza and …

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Waves raises $120 million to integrate blockchain into corporate and government digital infrastructure

December 24, 2018

Waves, a Blockchain solutions developer founded by a Russian team and incorporated in Switzerland, has secured $120 million to develop its project Vostok. Designed for large enterprises and public institutions, this private blockchain platform “lies at the intersection of several disruptive technologies, including blockchain, Big Data, artificial intelligence and the industrial Internet-of-Things,” according to Waves founder Alexander (Sasha) Ivanov. …

Waves raises $120 million to integrate blockchain into corporate and government digital infrastructure Read More

Selling brains: US tech giants buy teams, not startups, from Russia and Eastern Europe

December 18, 2018

Startups from Russia and other countries in the former Soviet Union offer extraordinary tech solutions, but international tech giants prefer buying their “brains” rather than their products or businesses. A part of this trend is the recent deal between Snap and Teleport, a Russian-Ukrainian startup that changes hair color. As reported by East-West Digital News, …

Selling brains: US tech giants buy teams, not startups, from Russia and Eastern Europe Read More

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