Startups

Russian startup aims to help immigrants “make America great again”

November 30, 2017

After struggling personally with the U.S. visa application process, a young Russian entrepreneur, Artem Goldman, created an artificial intelligence chatbot to help other immigrants and tech professionals who are moving to Silicon Valley. The service has already helped more than 100,000 people apply for green cards and visas. Visabot was launched in the U.S. in autumn 2016, just before the presidential …

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Yandex.Taxi acquires food delivery service Foodfox

November 27, 2017

Yandex.Taxi — the taxi service of Yandex which is preparing to merge its activities with Uber in Russia and neighboring countries — has acquired  food delivery service Foodfox. The two companies declined to comment officially on the deal, but an unnamed internal source at Yandex.Taxi told RBC, a major Russian business publication, that the taxi hailing service …

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AI and blockchain could accelerate biomedical research, say Russian scientists

November 27, 2017

Insilico Medicine, the parent company of Russian biomed startup Insilico, has published a peer-review research paper calling for patients to regain control of their personal medical records, and even to profit from them. The Baltimore-based Insilico Medicine, which specializes in the application of deep learning for drug discovery, produced the paper, titled “Converging blockchain and next-generation artificial intelligence …

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Sberbank invests in VisionLabs to build “unique biometric identifier”

December 15, 2021

Last week Sberbank, Russia’s national savings bank, announced an investment in VisionLabs, a Russian startup specializing in facial recognition, data analysis and robotics. The deal, the terms of which remain undisclosed, aims to support VisionLabs’ expansion on the international markets, including Europe, the USA and Asia. Sberbank has acquired a 25.07% stake, the remaining shares belonging to …

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AddVenture invests $4.5 million in Russian home-cleaning service

November 23, 2017

AddVenture, a major Russian venture fund, has invested $4.5 million in the Russian home-cleaning service Qlean in a deal valuing the startup at $80 million. AddVenture had previously invested $1.2 million and $3.5 million back in 2015 and 2016. Qlean’s founders still retain a majority stake in the company. The news was reported earlier this week by Russian …

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Baring Vostok and Elbrus Capital acquire additional stakes in online ticketing service Busfor

January 23, 2018

InVenture Partners, a major Moscow-based fund, has sold its share in Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine. The news was reported earlier this month by Russian business daily Vedomosti. The stake was acquired for an undisclosed amount by private equity funds Baring Vostok Capital Partners and …

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Russian startup raises $3.3 million to reduce side effects of drugs

November 21, 2017

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced its intention to invest 195 million rubles in Personal Medication & Health Management (PM&HM). In exchange for this capital injection (the equivalent of $3.3 million at the current exchange rate), the fund will receive a 35% …

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Russian eSports company attracts $10 million to expand in Russia and internationally

November 17, 2017

Last month Winstrike, a Russian globally-oriented eSports company, has attracted $10 million from private investor Nikolai Belykh and several business angels. The news was reported by Vedomosti based on its exchanges with Jaroslav Komkov, Winstrike’s CEO, and the investor. Belykh will receive a 25% stake in the company, the Russian business daily reported. The funding will be …

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Trends and challenges in the self-improvement Industry: Russia and the West

November 16, 2017

Interest in self-improvement has never been out of fashion. But today we are experiencing a new era in the personal development sphere with the adoption of digital services and mobile applications. More and more people want personal consultations on the go, and the industry needs a reliable infrastructure to provide proven data, reliable methods and …

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Russian startup Fibrum creates world’s first virtual stores for AliExpress

November 23, 2017

Fibrum, a resident startup of the Skolkovo Foundation’s IT cluster that makes virtual reality headsets, games and platforms, has developed the world’s first chain of virtual stores for the Chinese ecommerce platform AliExpress. The groundbreaking network consists of 121 virtual stores in 11 Russian cities, operated by AliExpress and Tmall, online retail sites owned by China’s Alibaba …

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Money lending startup CarMoney secures $10 million from local investors

November 15, 2017

CarMoney, a Russian startup which allows you to borrow money against your car, attracted a $10 million bridge round from Russian business angels. The investors the names of whom remain undisclosed acquired a minority stake in the company. The news reported last week by the local tech blog Firrma.ru. The fresh capital will be used …

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Russian procurement automation startup expands to Spain

November 15, 2017

MixCart.ru, a Russian startup with a B2B service for suppliers and restaurants to connect and automate their procurement processes, will enter the Spanish market. The news was reported last week by Russian online publication Firrma.ru, which cited exchanges with the company. The company is planning to expand to Indonesia, Poland and the Baltic states. Founded in 2016 …

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