Startups

South Korean startups parachute in to Skolkovo for soft landing

March 30, 2017

Last week four South Korean startups arrived at Skolkovo, the international tech hub under completion on the outskirts of Moscow, with plans to meet with potential partners and mentors in Russia. These startups have also applied to become resident companies at Skolkovo. “This is our pilot soft landing programme for foreign startups,” Sergei Pogrebnyakov, an acceleration manager …

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NFWare secures $2 million to expand in Europe and US

March 26, 2017

Yesterday NFWare, a startup with Russian roots that develops virtualization solutions for network infrastructure, announced that it raised $2 million from Sistema_VC and its existing investors Almaz Capital, Maxfield Capital, and Telefonica Open Future. “As telecom operators, Internet companies and data centers have to invest continuously to enhance the capacity of their network infrastructure, NFWare offers a technologically elegant and effective solution to reduce the costs …

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UK e-taxi solution provider launches in Russia

March 23, 2017

Earlier this month Splyt, a UK company which presents itself  as “a leader in tech solutions for the urban mobility industry,” opened an office in the Russian capital. Splyt will provide its white label solutions to local taxi and ride-hailing services willing to measure themselves against such giants as Uber, Gett or Yandex.Taxi. Among these solutions is the …

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Qiwi buys e-CRM startup Flocktory for $14 million

March 26, 2017

Qiwi, a major, NASDAQ-listed Russian electronic payment operator, is in the process of acquiring Flocktory. Founded in Russia in 2012, this startup has developed a SaaS platform for customer lifecycle management and personalization, and operates internationally from its Moscow and Madrid offices. Based on data collection and analysis, Flocktory’s automated marketing solutions are intended, in particular, for the …

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Qiwi bets on “Russian Robinhood”

March 18, 2017

In late 2016 QIWI Venture invested an undisclosed amount in Simple Invest, a Moscow-based startup which is developing a mobile trading app. The deal has just been revealed by Russian venture blog Firrma.ru based on exchanges with QIWI Venture. The yet-to-be-released app, dubbed ‘Russian Robinhood,’ will allow Russian users to invest in real time in the Moscow and New York stock exchanges. …

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Abramovich fund invests in UK video advertising startup

June 19, 2019

LoopMe, a digital advertising firm that uses artificial intelligence (AI) to optimize mobile video advertising, has raised $10 million in a funding round led by Impulse VC and Harbert European Growth Capital. Holzbrinck Ventures and Open Ocean Capital laso participated in the round, reports VentureBeat. Founded out of London in 2012, LoopMe unifies all the popular …

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Alibaba leads $18 million round for AR/VR car navigation startup WayRay

March 17, 2017

Wayray, a startup with Russian origins which has developed “the first holographic car navigation system,” has attracted $18 million in a Series B round led by Alibaba and other undisclosed investors. Headquartered in Lausanne, Switzerland, WayRay builds heads-up displays for drivers, as well as fully augmented reality and virtual reality immersive systems intended for eventual …

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Russian entrepreneur success story: Job Today gets $35 million in media-for-equity from major media investors

March 14, 2017

Three media investors — Astremedia (Spain), German Media Pool VC and RTL Germany — have inked a media-for-equity deal worth $35 million with Job Today, reports TechCrunch. Launched in 2015 by two Russian entrepreneurs, Eugene Mizin and Polina Montano, Job Today has developed a job finder app which currently operates in four cities of Spain and the UK. The startup, which claims to …

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IIDF teams up with big corps to support Russian’s budding AR/VR market

August 9, 2017

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a venture fund launched in 2013 following a presidential initiative, will soon launch a special program to support virtual and augmented reality (VR and AR) startups, reports Russian tech blog Firrma.ru. The program is intended for startups with a VR/AR product or prototype in such fields as cinema, …

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Russian drone maker attracts €1 million

February 23, 2017

Aviasolutions (“Aviaresheniya” in Russian), a manufacturer of industrial drones based in Kazan, Tatarstan, has attracted around €1 million from undisclosed individual investors. The deal was reported last week by Russian online publication Firrma.ru. Thanks to this capital injection, the company will start small-scale manufacturing of ‘FLYP,’ their latest industrial drone model for commercial purposes as pilot projects …

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High tech lender ID Finance secures $50 million to expand across Latin America

February 21, 2017

ID Finance, a Barcelona-headquartered company with Russian roots, has just secured $50 million in debt funding to fuel its expansion across Latin America. The funding includes $15 million from TKB, a Russian bank which is supported by the EBRD and the IFC, among other backers. After several years of operations in Russian-speaking countries, Spain and Poland, ID Finance launched its online …

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