Startups

Russian startup Exscudo aims to make the cryptocurrency market accessible to all

February 21, 2017

A blockchain startup from Russia, called Exscudo, aims to become the gateway between the traditional financial system and the cryptocurrency market. The team’s main goal is to create a single gate to cryptocurrency market for simple users, professional traders, investors, and financial institutions. Exscudo plans to offer a wide range of products for all users – …

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German data center Darz invests in Russian video game streaming service

July 24, 2017

Darz, a major German data center company, has invested $1.5 million in the Russian startup Playkey. The deal, the terms of which have not been disclosed, was reported earlier this month by the Russian media and by Skolkovo, the international tech hub located near Moscow which hosts the startup. Playkey is a cloud gaming service …

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Swedish and Russian funds invest in two Russian fintech startups

February 16, 2017

Russia’s Baring Vostok and Sweden’s Vostok Emerging Finance (VEF) have invested up to $20 million in two Russian startups: Sorsdata, which is developing a consumer marketing and analytics solution, and Revo Technologies, which offers a crowdsourced microcredit service for online consumers. The deal, which took place last month, was confirmed to East-West Digital News by Björn von Sivers of VEF. The Swedish …

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Russian accelerator plans to nurture high-tech ‘ponies’ in New York City

February 14, 2017

Earlier this month, ten entrepreneurs from Russia and Eastern Europe arrived in New York City with a chance to set up business in the U.S. They were chosen from more than 400 applications based on potential to succeed in the global market. Company founders will spend three months building their products, finding customers, refining their …

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Runa and Alven invest in French startup Keymetrics, “the next leader in Node.js”

February 12, 2017

Earlier this week Runa Capital, a venture fund with Russian roots operating globally, and Alven Capital, a Paris-based fund, announced an investment in Keymetrics. This French startup has developed a SaaS monitoring service for server infrastructure. making it easier for developers to build Node.js apps. Keymetrics raised $2 million in total in this round, including $1 million …

Runa and Alven invest in French startup Keymetrics, “the next leader in Node.js” Read More

Russia’s Sistema Asia Fund leads $6 million round for Indian fashion discovery app

February 13, 2017

Russia’s Sistema Asia Fund has just led a $6 million round of financing  for Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery app for women. The news was reported on Monday by Vedomosti, a leading Russian business daily, based on exchanges with a fund representative. An unnamed source close to the fund added that Sistema …

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Russian entrepreneur aims to launch ‘Uber for funerals’

March 2, 2017

It has all the convenience and technical pizzazz of the transportation network Uber, but it helps you arrange funerals, not rides. A project manager working at the Russian Internet giant Yandex is designing an app called ‘Umer‘ (“Died” in Russian) — a service built to help people overcome the logistical difficulties of putting a loved one to rest. Umer …

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Russian startup raises $2.5 million to provide American families with next-gen home cinema

September 4, 2017

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian, Russia’s leading startup fund) announced that it injected 150 million rubles, or around $2.5 million, in Multikubik in exchange for a minority stake. Also known as Cinemood, this Moscow-based startup has developed mini cinema projectors for children. The funding will go to manufacturing, R&D and international expansion, with the USA as the primary …

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Ru-Net invests in Indian e-medicine startup Practo

January 23, 2017

Ru-Net, an international venture fund with Russian roots, has just participated in a $55 million Series D funding round for  Practo, an Indian startup that helps consumers locate doctors and healthcare information. As reported by TechCrunch, the investment was led by Tencent, the Chinese company which led Practo’s previous $90 million round last year. Also participating in the deal were RSI …

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Russian cloud service provider Cloudike enters Indonesian market

January 20, 2017

Skolkovo resident Cloudike (ASD Technologies) has entered the Indonesian market with the launch of its mobile cloud service on the country’s mobile carrier Indosat Ooredoo. The network’s customers will now be able to use incloud to upload, download and share files on a personal online cloud-based storage with enhanced features such as text message capabilities. …

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Google Analytics bot for Slack raises $1.6 million from US funds

December 20, 2016

Statsbot, a San Francisco-headquartered startup with Russian roots, has just raised $1.6 million from US funds, including Eric Schmidt’s Innovation Endeavors, Eniac Ventures, Betaworks and a fourth unnamed investor. The funding will be used to enlarge the team in the company’s Moscow office. Founded in 2015 by Artyom Keydunov, Mikhail (Mike) Melanin and Pavel Tinuov, the startup …

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