Startups

Finnish-Russian game startup Panzerdog secures €800,000 from Mail.Ru Games Ventures

September 20, 2017

Panzerdog, a Finnish-Russian mobile gaming startup, has secured a €800,000 seed stage round from Mail.Ru Games Ventures, the games investment division established earlier this year by Mail.Ru Group. This is the first investment made by the division, which says it has considered “nearly 500 applications” before choosing Panzerdog. “Mobile games are the main driver of …

Finnish-Russian game startup Panzerdog secures €800,000 from Mail.Ru Games Ventures Read More

“As good as gold:” This Russian-designed token aims to tackle cryptocurrency volatility

October 11, 2017

In this Blockchain era where technology promises to digitize virtually any type of assets, the emergence of gold-backed tokens is no surprise. The concept is not new, but we are now witnessing its first applications. One of these projects is propelled by Goldmint, a company with Russian roots now preparing for its ICO and the …

“As good as gold:” This Russian-designed token aims to tackle cryptocurrency volatility Read More

Siberian ride-hailing app with alternative business model secures $5 million

September 13, 2017

Ride-hailing app inDriver has raised a $5 million Series A round from Leta Capital, TechCrunch reports. This startup from Yakutsk, Siberia has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. “inDriver does not influence price formation and does not take a commission …

Siberian ride-hailing app with alternative business model secures $5 million Read More

Elementaree raises $2 million: Russia’s food delivery market heats up

September 4, 2017

The Russian food delivery startup Elementaree.ru has secured $2 million from several investors, including venture capitalists Ilya Ogai (UFG Private Equity) and Boris Zhilin (Avenir) and Veeam Software Senior VP Anton Antich. The news was reported last week by Vedomosti, which cited exchanges with the startup and with these investors. The startup’s founder Olga Zinovyeva …

Elementaree raises $2 million: Russia’s food delivery market heats up Read More

Russian Hudway overreaches crowdfunding goal to launch next-gen safe driving device

August 31, 2017

The Russian startup Hudway has exceeded its $100,000 funding target in less than 24 hours in a Kickstarter campaign for its latest head-up display (HUD). On August 30, just two days after the campaign launch, the startup had already raised nearly $195,000 from more than 900 backers. Hudway is setting up mass production of HUDWAY Cast, a portable head-up display that …

Russian Hudway overreaches crowdfunding goal to launch next-gen safe driving device Read More

LAToken raises $10 million in ICO to create “the first asset-backed token exchange”

September 9, 2017

As the ICO fever continues to rise, LAToken, a Blockchain platform which aims to make tradable potentially any type of assets, raised the equivalent of $9.6 million in late August. In just three days, investors bought 30 million tokens, each one amounting to 0,001 ETH. During the three next stages of the ICO, which will take place in …

LAToken raises $10 million in ICO to create “the first asset-backed token exchange” Read More

Russian crowdsourced delivery startup secures new funding to expand across the globe

August 22, 2017

The Russian crowdsourced courier service Dostavista has raised $2.25 million — less than one year after a previous round of funding — from two major Russian VC funds, Buran Venture Capital and AddVenture. The news was reported by business daily Kommersant, which cites exchanges with the startup and the investors. The new funding will allow …

Russian crowdsourced delivery startup secures new funding to expand across the globe Read More

Russian indoor navigation startup raises $900,000 to develop across Europe and the USA

August 8, 2017

Navigine, a Russian-American startup that develops indoor navigation and tracking systems, has just raised $900,000 in funding from a pool of Russian, Finnish and US investors represented by Finnish investment firm Innovestor. Among these backers is US angel investor John Ason, who was Navigine’s mentor in a Russian accelerator program in New York last year, reports the Skolkovo …

Russian indoor navigation startup raises $900,000 to develop across Europe and the USA Read More

New crypto platform helps you launch your own tokenized investment fund

August 31, 2017

Blackmoon Financial Group, a US financial technology and investment management company with Russian roots, today announced the launch of a Blockchain-based platform for tokenized vehicles. The Blackmoon Crypto platform presents itself as “a one-stop solution for asset managers to create and manage legally compliant tokenized funds.” From technology and infrastructure to legal framework and corporate …

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Russian mobile acquiring leader Smartfin secures $3 million for further R&D and potential M&A

July 28, 2017

Smartfin, a Moscow-based provider of mobile acquiring solutions for SMBs (operating under the brands 2can and ibox), has secured $3 million from several funds under the management of Da Vinci Capital. Inventure Partners, one of the early investors in the company, also took part in the round, which was announced earlier this week. “Since our first investment in 2can and ibox, the …

Russian mobile acquiring leader Smartfin secures $3 million for further R&D and potential M&A Read More

Russian game streaming startup raises $2.7 million to expand across Western and Asian markets

July 24, 2017

Playkey, a Russian cloud gaming startup, has just attracted 160 million rubles (approximately $2.7 million at the current exchange rate) in equity funding from the Internet Initiatives Development Fund (IIDF, or FRII in Russian). The information was confirmed by Playkey’s PR manager Maria Trushnikova in an exchange with East-West Digital News. Playkey’s technology allows users to play the latest …

Russian game streaming startup raises $2.7 million to expand across Western and Asian markets Read More

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