Startups

Altair VC teams up with international investors to back Indian healthcare startup

November 15, 2017

Just days after Russia’s Sistema Asia Fund invested in the Indian healthcare startup Netmeds, Altair VC, a fund with Russian roots operating internationally, participated in a $5 million round for another Indian healthtech startup, DocTalk. The deal was reported last week by the Times of India. Led by two California-based funds — Matrix Partners and Khosla …

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Russian motor oil manufacturer secures $500,000 in pre-ICO to construct new plant

November 10, 2017

Polymerium, a Russian brand of auto chemical goods and engine oils, raised $500,000 in its pre-ICO campaign, the company announced last week. The company is planning to use the money “to construct a big plant,” build the franchise network worldwide and fuel the production of its anti-forgery Blockchain-based protection system ArmPACK. ArmPACK is presented as …

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Why startups from Eastern Europe are so strong in face recognition and augmented reality

January 9, 2018

Russian-speaking engineers seem to have some special skills, or secret sauce, to develop face recognition and related AR technologies, if judging by the number of startups with roots in Eastern Europe that have made the news over the past few years. Emerging from Russia, Belarus and Ukraine in particular, they have topped international contests, received …

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Robomed aims to connect healthcare service providers and patients through smart contracts

November 10, 2017

Robomed, an international startup with Russian roots which aims to develop a smart contract platform in the field of medical services, claims to have raised $2.5 million in just 24 hours in a closed token pre-sale in late October. The news was reported by Firrma.ru based on exchanges with Robomed CEO Filipp Mironovich. One of the key …

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New Blockchain platform aims to turn Internet time into cryptocurrency

November 2, 2017

Creative marketers and Blockchain programmers have teamed up to launch mytime, a platform designed to reward online buyers of services for their time. “Our time is finite while the amount of services and content keeps growing. Companies fight for customers’ attention. We offer to turn time into a measurable value and give an efficient tool …

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Hyperloop One attracts new funding from state-backed Russian-Chinese fund

November 1, 2017

The Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, has invested an undisclosed amount in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The news was reported yesterday by Vedomosti. The business daily cited RDIF CEO Kirill Dmitriev, who did not specify the date of the transaction. The …

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Russian investors back French online freight service Convargo

November 1, 2017

Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups. Just months ago Inventure Partners invested $3 million in a …

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Russian HR robot wins global startup competition

October 25, 2017

Russian startup Stafory announced Wednesday that it has won the Unleash (HR Tech World) startup competition held in Amsterdam for its recruiting robot called ‘Vera‘ (‘faith’ in Russian). The startup was awarded with €10,000. Vera goes along the recruitment chain, from search and selection of potential employees across the largest recruitment sites, to calls and invitation of suitable applicants, …

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Russian and international funds team up to support “the ultimate personalization engine for banks”

October 23, 2017

Last week DataSine, a Russian-co-founded startup based in London,  announced that it secured €1 million for its business expansion. The pool of investors included Sistema VC, the venture arm of the Russian conglomerate Sistema, Force Over Mass, a London-based venture fund, and C.Entrepreneurs, a joint venture of Cathay Innovation and BNP Paribas Cardif. DataSine’s proprietary …

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Russian-founded AI startup secured $840,000 to “redesign home security”

October 25, 2017

Cherry Labs, a Russian-founded startup an AI-powered solution of which “provides your family with the safest, smartest and most-private home possible,” secured $840,000 from Gagarin Capital, a US-based venture fund with Russian roots, and two Russian funds — Impulse VC and Altair Capital. The round also involved such individual investors as Alexander Agapitov, Yuri Gursky, …

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Russian game streaming startup raises $1.3 million in pre-ICO, Oculus co-founder joins as advisor

December 1, 2017

Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, has already secured $1.3 million in its ongoing pre-ICO campaign. The news was reported last week by Russian online publication Firrma.ru. The fund were brought by US-based fund Uncharted Capital (Playkey has managed to secure some $300,000 from …

Russian game streaming startup raises $1.3 million in pre-ICO, Oculus co-founder joins as advisor Read More

Russian and US funds team up to support Armenian food delivery startup

October 20, 2017

SOLventures, a Russian venture fund focusing on IT and e-commerce projects, has just taken part in a $3 million round of funding for Armenian food delivery startup Menu Group. The round also involved such US-based funds as Perea Capital and Hayastan 1. Menu Group, which touts itself as “the leader of the restaurant food delivery …

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