Foodza, a startup that organizes direct supplies of fresh fruit and vegetable to retail stores, restaurants and cafés, recently secured $1 million in a round of funding led by Mail.Ru Group. Among the other participants in the deal are Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov; FJ Labs, the investment …
One of Russia’s first sizable insurtech projects is set to emerge soon, with millions of US dollars being invested in an online-only insurance offer. Dubbed ‘Mango,’ the platform will sell its own products and those of traditional insurance companies through a “technologically advanced marketplace,” CEO Viktor Lavrenko told Russian daily RBC earlier this month. “Our …
Alfa Group invests in the embryonic Russian insurtech market Read More
Wallarm, a cybersecurity startup with Russian roots, announced yesterday the completion of a $8 million round in California. The round was led by Toba Capital with participation from Partech Ventures and Gagarin Capital (which had invested in the company’s previous round) and Y Combinator (from which Wallarm graduated in 2016). “Given the growing sophistication of …
Russian scientists plan to 3D-print human tissue and a thyroid gland in the space, believing they’ll have better and more viable cells than those created on Earth. The International Space Station (ISS) is being supplied with a new 3D printer developed by the Russian startup, 3D Bioprinting Solutions. The company already created a thyroid gland …
Russian startup aims to 3D-print human tissue in space for “more viable cells” Read More
Dubbed ‘Food Ball’ in reference to this year’s world football cup, this startup aggregates food orders from train passengers during long-distance journeys. Based in Omsk, Siberia, and competing with the traditional dining cars of Russian Railways, the startup claims to partner with more than 500 fastfood chains, cafés and restaurants in more than 80 cities …
Russian startup organizes food delivery to train passengers Read More
PicsArt, a Californian startup with Armenian roots, is opening a an AI lab in Moscow. The company is planning to hire 20 local engineers and invest up to $2 million in the facility. The lab will help PicsArt develop AI approaches for photo filters, AR cameras, and advertising. Such companies as Microsoft, SAP and Samsung also …
Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a $7.5 million investment deal. The backers are Russian Direct Investment Fund (RDIF) and Mubadala, the Russian and Abu Dhabi sovereign funds, respectively. The respective contributions of the two funds have not been disclosed, but Deliver founder Danil Rudakov told Vedomosti that the investment will …
AddVenture, an international venture fund with Russian roots, has led a $4 million round of funding for ServiceMarket, a Dubai-based home services marketplace (previously known as ‘MoveSouq’). Emaar Properties, a local real estate development company, also participated in the round in undisclosed proportions. AddVenture led a previous $3 million round one year ago. Seed and …
AddVenture leads new funding round for Dubai-based home services marketplace Read More
YouDo.com, a platform that matches people requesting and providing day-to-day services, has raised $17 million in an equity funding round led by mobile operator MTS, as reported by the business daily Kommersant. MTS put $12 million on the table, while undisclosed amounts were brought by Sistema Venture Capital (one of the investment vehicles of Sistema, a …
AI-powered service marketplace raises $17 million to “disrupt the classifieds market” Read More
Wayray, a startup with Russian origins which has developed holographic AR displays for cars, has attracted $80 million in a Series C round led by Porsche and China Merchants Capital, a major Chinese investment firm. The other investors are Hyundai Motor, Alibaba Group, JVCKENWOOD and a consortium of sovereign funds. These include the Russia-Japan Investment Fund, established last year, alongside the …
Grishin Robotics, an international venture fund with Russian roots, has taken part in a $63 million funding round for the Brazilian stationless bicycle-sharing platform Yellow. The round was led by Silicon Valley investment firm GGV Capital. It is the largest Series A ever for a Latin American startup, according to TechCrunch. In April this year, Grishin Robotics …
Mitsubishi Corp. and Mail.Ru Group have invested $4.1 million in car selling site Autospot, in exchange for a 21% stake in the company – setting the company’s post-money valuation at $19.1 million. The news was reported by the business daily Vedomosti based on exchanges with Autospot’s general manager Dmitry Andreev. Autospot allows its users to buy a …
Mitsubishi Corp. and Mail.Ru Group invest in car selling site Autospot Read More
