Startups

French corporate giants Decathlon and Servier hunt for Russian startups at Skolkovo

August 25, 2017

This past Monday a team of talent scouts from Decathlon, a French chain of sports stores with nearly 50 outlets in Russia, met with a range of Russian startups at Skolkovo, the international tech hub under completion on the outskirts of Moscow. The meeting was part of a joint initiative of the Skolkovo Foundation, French Tech Moscow, …

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New York online art marketplace with Russian co-founder raises $50 million

July 20, 2017

Artsy, a US startup whose platform allows people to learn about visual art and explore buy or sell opportunities, has just raised $50 million in equity funding at a $225 million pre-money valuation, TechCrunch and Pitchbook reported yesterday. In the long list of investors is Darya (Dasha) Zhukova, the wife of Russian billionaire Roman Abramovich and a figure …

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AI-enhanced mobile trading app raises $25 million from Eastern Europe

August 3, 2017

Two major investors from Russia and Belarus have just injected $25 million in Capital.com, a trading app that is similar to Robinhood in the US or Trading212 in Europe — but with a specific AI-powered function that provides users with tailored content based on behavioral analysis. Dubbed ’Smart Feed’ and scheduled for launch next month, this AI function analyzes user …

AI-enhanced mobile trading app raises $25 million from Eastern Europe Read More

Ikea launches second startup accelerator program in Russia

July 20, 2017

Following the first edition in late 2015, Ikea is launching its second ‘Mega Accelerator’ in Russia. Startups are expected to help “transform the MEGA shopping malls into spaces for meetings and relaxation, improve customer experience and optimize business processes.” Owned, developed and managed by Ikea, MEGA is a leading chain of shopping centers across Russia. These malls attract some 275 …

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Russian exoskeleton maker raises $2 million in South Korea to develop in Asia and beyond

July 9, 2017

ExoAtlet, a Russian startup that makes exoskeletons to help disabled people walk again, has raised $2 million in private investment and state grants in South Korea to develop activities in Asia. The company aims to develop clinical trials on the local market, and to create a high-quality manufacturing base in South Korea to enter the markets …

Russian exoskeleton maker raises $2 million in South Korea to develop in Asia and beyond Read More

Russian food delivery market heats up: AddVenture invests $5 million in Grow Food

July 25, 2017

In a new illustration of VC interest in the Russian food delivery market, Grow Food has attracted $5 million from AddVenture, a Moscow-based fund, the Russian business daily Kommersant reported last week. Currently, the startup offers food deliveries to athletes on a subscription basis. Customers may pick one of two weekly eating programs. The tariffs …

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Prisma’s next AI project is a fun selfie sticker maker called Sticky

May 2, 2019

What do you do after garnering tens of millions of downloads and scores of clones of your AI-powered style transfer app? Why, keep innovating of course. Meet Sticky, the next app from the startup behind Prisma, which turns selfies into stylized and/or animated stickers for sharing to your social feeds. Sticky is launching today on iOS, with …

Prisma’s next AI project is a fun selfie sticker maker called Sticky Read More

Grishin Robotics teams up with Shakira and Gérard Piqué to back enigmatic US startup

September 7, 2017

Grishin Robotics, an international venture capital fund with Russian roots, has led a $14 million round of financing for Wonder, a Los Angeles-based startup which is developing an “all-in-one and one-for-all-gamers” product with a focus on virtual reality (VR) features. The startup makes much ado about what it says will be a “new type of …

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GroozGo: 3rd investment in a row in Russian online cargo transportation projects

July 4, 2017

Illustrating the growing traction of the online cargo transportation market, Moscow-based logistics services provider KPD-Cargo has acquired a majority stake in online trucking service GroozGo for $2.1 million. Reported earlier this month, the deal move came just two months after a competing Russian project was announced, and almost simultaneously with another funding round for Deliver, which attracted …

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Moscow entrepreneur launches ad exchange for voice-activated ads in Silicon Valley

June 28, 2017

Earlier this month Instreamatic.ai, a digital voice-activated advertising platform based in San Francisco, but with Russian roots, launched an advanced programmatic buying product. Its core feature is the ability to engage with users in the form of a dialogue. What’s more, Insteamatic.ai’s technology connects publishers to the fast-emerging market of voice-controlled devices and services. The …

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Almaz Capital and Sistema VC invest $4 million in US mobile travel service

June 27, 2017

Almaz Capital, an international venture fund with Eastern-European roots, and Sistema VC, the venture arm of the Russian conglomerate Sistema, have invested $4 million in a US mobile travel app called FinalPrice. With FinalPrice’s iOS mobile app, users “get access to the secret cache of ultra-low prices on flights, hotels, and car rentals” for $99 per …

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‘Women’s Viagra’ wins startup competition in Russia

June 26, 2017

Thanks to its “Women’s Viagra” drug, the Russian Ivix company has won first prize at the annual StartUp Village Conference, which took place from June 6 to 7 at the Skolkovo technopark. Ivix was subsequently awarded five million rubles (almost $90,000). The Startup Village has been held in Skolkovo since 2012. It’s the largest startup …

‘Women’s Viagra’ wins startup competition in Russia Read More

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