TechRepublic, an international publication aiming to identify technologies and strategies for IT companies, has highlighted five top Russian startups. “Although Russia’s economy has been tumultuous and the tech landscape is largely associated by Westerners as hacker-centric, a strong technological and entrepreneurial culture has developed in the country over the past half decade and produced a number of …
USM Holdings, a company controlled by Russian billionaire Alisher Usmanov, is about to invest 500 million rubles (approximately $8 million at the current exchange rate) in tax data operator OFD.RU. The news was reported earlier this month by business daily Kommersant, based on exchanges with representatives of both companies. The funding will be spent on …
Alisher Usmanov invests $8 million in tax data operator OFD.RU Read More
Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine, has just raised $20 million from private equity funds Baring Vostok Capital Partners and Elbrus Capital. Since its inception in Ukraine in 2010, the company — previously known as Gillbus — had received financial support from Intel Capital, InVenture Partners and FinSight in 2014, …
Busfor secures $20 million “to reinvent bus travel” across Europe and beyond Read More
Earlier this month, illustrating the emergence of a whole new tech industry in the country, the Russian central bank rewarded some of the most remarkable fintech startups. The contest took place in the framework of Finopolis 2016, a forum on innovative financial technologies. Held on October 13-14 in Kazan, the capital of the innovation-friendly republic of Tatarstan, …
Central bank contest highlights Russia’s best fintech startups Read More
Last month the Internet Initiatives Development Fund (IIDF, or FRII in Russian) invested 60 million rubles ($950,000 at the current exchange rate) in Metacommerce, a Moscow-based startup which has developed an e-commerce analytics platform. FRII was the sole investor in this round, but the startup had previously secured mentoring and financial support from Igor Ashmanov, a prominent …
E-commerce analytics platform Metacommerce secures nearly $1 million from IIDF Read More
UK-based education service MEL Science announced today the completion of its Series A funding round with Sistema VC injecting $2.5 million in the company. MEL Science claims that its subscription service, which features nearly 40 interactive chemistry sets, is “changing science education” by “incorporating for the first time the virtual reality (VR) and augmented reality (AR) into a single …
UK edtech startup receives Russian money to “bring VR and AR to chemistry education” Read More
This summer, Russian online ticket service Kassir.ru acquired its two counterparts — Belarusian Kvitki.by and Lithuanian Bilietai.lt — from Lithuanian BLT group, Delovoy Peterburg reported last week. The transaction amounted to €5.5 million, according to the Russian newspaper. Based in Saint Petersburg, Kassir.ru is part of the PMI media holding, which is controlled by Russian billionaire Eugene Finkelstein. …
Russian online ticket service expands to Belarus and Lithuania Read More
Global Venture Alliance (GVA), a Moscow-headquartered provider of business services, training programs and seed funding for startups, has teamed up with the Society for Innovation and Entrepreneurship (SINE), a major tech business incubator based in Mumbai, to launch the ‘India-Russia Bridge for Innovations’ (IRBI). As reported by BW Disrupt, an Indian online publication, the IRBI program enjoys the financial …
Last month 1C, the Russian enterprise software giant, acquired a controlling stake in Moscow-based startup Quick Resto under undisclosed terms. 1C intends to develop the company further with its founders. Established in 2013, Quick Resto has developed a SaaS solution for restaurant business automation, requiring no specific hardware equipment. The startup, which became a resident company of Skolkovo, has carved a notable position …
Russian entreprise software leader 1C acquires restaurant software startup Read More
French unicorn Blablacar is said to have raised €21.3 million euros from Baring Vostok, a leading Russian private equity firm. The news was reported this morning by Maddyness, an authoritative French tech blog. When contacted by East-West Digital News, Baring Vostok and Blablacar declined to comment on this information, but Maddyness told us that they had access to official …
Blablacar reported to have raised €21.3 million from Baring Vostok Read More
This summer Social Discovery Ventures (SD Ventures), an international technology and investment group with Russian roots, invested an undisclosed amount in Latvian drone company AirDog. The group also is also creating a new co-working space in Riga, which is scheduled for launch in September. In an interview with EU-Startups, SD Ventures founder Dmitry Volkov, a Russian-American serial entrepreneur, explained his interest …
SD Ventures invests in Latvian drone company, opens co-working space in Riga Read More
C3D Labs, a subsidiary of Russian computer-aided design (CAD) solutions developer ASCON Group, says its product differs from other visualizers on the market in that the latter are generally designed for the animation and video gaming industries, while C3D Vision was created with the requirements of the computer-aided design industry in mind. “As the ASCON Group worked …
C3D Labs launches new visualizer for engineering software developers Read More
