Startups

Russian startup raises millions to revolutionize garbage collection

March 19, 2022

East-West Digital News is happy to bring to its readers this business-as-usual, non war-related story. As industry publication RB.RU just reported, a Russian garbage recycling technology startup called Ubirator raised 170 million rubles (some $2.25 million at the pre-war exchange rate).  Founded in 2018 by Nikita Nikishkin and Alexey Khatskevich, two MIPT (PhysTech) graduates, Ubirator …

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How two Russian-founded startups in the US became collateral victims of Putin’s war on Ukraine

March 14, 2022

After Russian entrepreneurs asserted themselves last year as chief disruptors in the global food delivery industry —  fulfilling orders in around 15 minutes in a variety of Western cities — some of them are now falling as collateral victims of Putin’s war on Ukraine.  In early March Buyk — a fresh food delivery service with sizeable operations in New York and Chicago — abruptly …

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“A hurricane of discouragement:” Putin’s war on Ukraine is already impacting the Russian tech sector

February 27, 2022

Will Russia take control of Ukraine after a quick military victory? Will it be a long-lasting war of guerrilla? Could an escalation involve neighboring countries and western powers? The outcome of the Russian military attack on Ukraine that began on Thursday, Feb. 24, is unpredictable. But just hours after the invasion, the impact on the …

“A hurricane of discouragement:” Putin’s war on Ukraine is already impacting the Russian tech sector Read More

Russian e-scooter leader Urent secures $26 million from corporate and venture investors

February 22, 2022

Urent, Russia’s largest electric scooter rental operator, has raised 2.09 billion rubles (around $26 million, a considerable amount by local standards) in a round led by MTS. The mobile operator contributed 740 million rubles alongside private asset manager VPE Capital and state-owned fund VEB Ventures, which injected 700 and 650 million rubles, respectively, into the startup. The terms of …

Russian e-scooter leader Urent secures $26 million from corporate and venture investors Read More

Russian entrepreneurs want to disrupt delivery, freight and mobility industries across the world

February 18, 2022

While asserting themselves as chief disruptors in the food delivery industry — fulfilling orders in 15 minutes in cities of Europe (e.g. Jiffy) and North America (e.g. Buyk) — Russian startup entrepreneurs are also penetrating neighboring segments. From urban delivery, to mobility, to local or international freight, some of them receive generous support from VCs, as illustrated by four recent deals. …

Russian entrepreneurs want to disrupt delivery, freight and mobility industries across the world Read More

The Eastern European paradox: How a troubled region generates unicorns and decacorns

February 3, 2022

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni that highlights the most notable industry facts and trends across the region. “With Russia and Belarus digging themselves into domestic authoritarianism and international confrontation, a looming …

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Russian startup bets on AI to sell vitamins online and expand globally

January 28, 2022

Just eight months after launch, a startup called Vitobox — which offers personalized combinations of vitamins and nutritional supplements — has raised 107 million rubles ($1.4 million) at a $14 million valuation.  The funding will go, in particular, to international expansion: the startup plans to launch pilot projects later this year in Kazakhstan, the UAE, …

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In the world’s biggest country, vertical farming gains ground

January 28, 2022

Despite this recent success and the abundance of arable farmland, some see the country as ripe for the introduction of new agricultural technology in the form of vertical farming — indoor industrial greenhouses that are heavy on technology, light on physical space and located close to cities and consumers. “Vertical farming is one of the …

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From Moscow to Lille, France: This startup changes the way retailers fill product cards

May 16, 2022

While many internationally-oriented Russian startups move to Silicon Valley, or to such European alternatives as Berlin, London or Riga, Branquad made a different choice. This Russian digital commerce startup recently landed in Lille, a large, tech-friendly city in the North of France.  Not only does its case provide yet another example of an International Russian …

From Moscow to Lille, France: This startup changes the way retailers fill product cards Read More

Russian tech entrepreneurship on the rise: Forbes identifies 10 “future unicorns”

February 3, 2022

Far from their native countries, Russian-speaking entrepreneurs are thriving in the world’s major tech hotspots — from Silicon Valley, to Western Europe, to South-East Asia. These entrepreneurs have colonized the world’s best accelerators, including such ones as Y Combinator, 500 Startups and Techstars. Russian-speaking entrepreneurs reportedly accounted for 40% of a recent Alchemist batch.  The …

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Russian startup Kodland raises $9 million to offer remote programming courses in eight new languages

January 11, 2022

Just a year after its previous round, Russian edtech startup Kodland secured $9 million in a Series A funding round.  As reported by TechCrunch, the round was led by Redseed, with participation from Baring Vostok, Kismet, Flyer One Ventures and Alexander Nevinsky, a partner at I2BF who took part in the December 2020 round. All these investors have roots in Russia, excepted Flyer One whose team …

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Incepted in Russia 11 years ago, this visual collaboration software startup is now valued at $17.5 billion

January 17, 2022

Miro, a US enterprise software publisher with Russian roots, announced yesterday a $400 million Series C round. The deal brought the company — known as RealtimeBoard when it was founded in Russia back in 2011 — to an astounding  $17.5 billion post-money valuation. Several other unicorns founded or co-founded by Russian entrepreneurs emerged on the global tech scene over the past years — from Badoo, to Personio, to Veeam Software, …

Incepted in Russia 11 years ago, this visual collaboration software startup is now valued at $17.5 billion Read More

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