Startups

Alfa Bank invests in CardsMobile to “fully correspond to the digital future”

May 16, 2018

CardsMobile, a developer of contactless payment solutions, including mobile app ‘The Wallet,’ has raised an undisclosed amount in investment from Alfa Bank, a leading Russian commercial bank, in exchange for a 25% stake. The funding will be used to develop further the app, which allows consumers to save all their loyalty, bank and transport cards in …

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SmartPrice raises $2.5 million to sell used phones online

April 27, 2018

SmartPrice, a Russian online platform selling used mobile phones, has attracted “roughly $2.5 million” from several funds and individual investors since its inception last year. The news was reported earlier this week by Russian online publication Vedomosti. The startup was launched a year ago by Alexander Chernyak and Artem Bolshakov, the founders of CarPrice, Russia’s major online …

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eSports startup Learn 2 Play agrees up to $3 million investment plan with VCs and angels

April 26, 2018

Confirming the appeal of eSports projects, Russian startup Learn 2 Play announced earlier this week that it raised nearly $1.1 million from a pool of venture funds and business angels. These investors, who have received a minority stake, include VC funds Buran and ru-Net, Anton Inshutin (InVentures Partners), Jarom Severson (Chess.com), Erik Allebest (Chess.com) and Lev …

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Russian startup builds decentralized marketplace to make VR content accessible to all

April 24, 2018

This story is an excerpt from an industry report on the Blockchain and ICO markets in Central and Eastern Europe, recently published by EWDN and ICObench. Over the last several years, augmented reality (AR) and virtual reality (VR) have have been regarded as promising segments in the entertainment industry, with all major technology firms vying …

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Grishin Robotics and monashees+ invest in Brazilian bike-sharing service

April 19, 2018

Grishin Robotics, an international venture fund with Russian roots, and Brazilian venture fund monashees+, led a $9 million seed round for the Brazilian stationless bicycle-sharing platform Yellow. The terms of the deal have not been disclosed. The news was reported earlier this month by the Russian online publication VC.ru, based on exchanges with the fund Yellow …

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Target Global supports fast-growing European travel platform TravelPerk

April 16, 2018

Target Global, a Berlin-based international venture fund with Russian roots, led a $21 million series B round for Barcelona-based business travel platform TravelPerk. Another leading investor in the round was London-based Felix Capital. The news was announced last week by the startup . The round also involved existing investors, including Boston-based Spark Capital, European VC firms Sunstone …

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Russian-Belarusian fund invests in precision farming startup

January 10, 2019

AgroDroneGroup, a Russian startup that uses drones and computer software to closely monitor the condition of soil and crops, has raised 25 million rubles (some $440,000) in investment from the Russian-Belarusian Venture Investment Fund (RBF Ventures). The news was reported in late March by the Skolkovo Foundation, which cited Firrma. The deal, in which the …

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Mail.Ru Group and MegaFon invest $26 million in taxi-hailing service CityMobil

November 12, 2020

Last week Mail.Ru Group and MegaFon, two LSE-listed Russian Internet and mobile leaders, announced the acquisition of a majority stake in CityMobil, a Moscow-based taxi-hailing service. After the completion of the round, Mail.Ru Group and MegaFon will respectively own a 26% stake and an up to 31% stake in the company in exchange for capital …

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How Eastern European startups attract crypto investors and partners in France

August 1, 2018

Last week in Paris, half a dozen of startups with roots in Russia, Slovenia, Ukraine and Estonia met the French blockchain and crypto community through a dedicated conference and a meetup. Organized by East-West Digital News and its sister company Blockchain-Connectors, with support from local community leaders and media, these events aimed to stimulate knowledge exchanges and …

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Russian exoskeleton startup receives $5 million from South Korean investor to fuel global expansion plan

April 3, 2018

ExoAtlet, a Russian maker of rehabilitation exoskeletons to help disabled people walk again, has raised $5 million from Korean Cosmo & Company. The funding is coming in addition to a previous round last year from the same investor. In 2016 ExoAtlet obtained official certification to sell its exoskeletons in South Korea. A local subsidiary, ExoAtlet Asia, was …

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PepsiCo shows results of its first acceleration program in Russia

March 29, 2018

PepsiCo’s efforts to engage with startups is coming to fruition in Russia, one year after the creation of an international acceleration program in Moscow dubbed PepsiCo LAB. Earlier this month the corporation announced the first results of this program, which targets both food and beverages projects and business-oriented IT solutions. A total of 24 teams, 12 teams per …

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Russian-Lithuanian startup Gosu.ai raises $1.9 million from Russian and French investors

March 28, 2018

Just two months after the Russian cybersports market witnessed two major acquisitions and a $30 million ICO, Gosu.ai, a Russian-founded startup from this industry announced via Twitter that it attracted $1.9 million in funding. The round was led by Runa Capital, a VC fund with Russian roots, with participation from its existing investor Sistema VC, the venture arm …

Russian-Lithuanian startup Gosu.ai raises $1.9 million from Russian and French investors Read More

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