Startups

Fragrance subscription service ScentBird attracts $2.8 million from US and Russian investors

April 5, 2016

Last week ScentBird, a New York-based startup founded by Russian émigrés, announced that it secured $2.8 million in venture funding. The investor consortium includes TMT Investments, a London-based fund with Russian connections, Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, and Scrum Ventures, a US-based fund with interests in Asia, as well as Eclipse Ventures, Ludlow Ventures, and SGH …

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A Russian video interview service hopes to shake up the HR market

March 17, 2016

According to the research company Bersin, the international market for interactive instruments used to evaluate job seekers is estimated to be worth $2 billion a year. The market recently welcomed the arrival of a new member, Skillaz, created by a former Kaspersky Lab collaborator, Andrei Krylov, and Grigory Dudash, a former employee of Nival, which is the company behind …

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Runa Capital leads $5.6 million round for US school admission startup

March 10, 2016

Last month Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco, led a new round of funding for SchoolMint, a leading provider of mobile and online enrollment systems for US public, charter and private schools. Also participating in the round, which totalled $5.6 million, were Reach Capital (New Schools), Fresco …

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Russian medical appointment startup secures $4 million from local fund

March 9, 2016

Moscow based fund Guard Capital has invested $4 million in DocDoc.ru, a startup that helps users find doctors and setup medical appointments across 15 Russian cities. The terms of the transactions have not been disclosed, but in an exchange with Rusbase.com, Guard Capital Investment Director Vladimir Grigorashenko indicated that the last tranche of the investment had been provided in …

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Innovative Russian-British secure platform for wearables presented at Barcelona’s Mobile World Congress

February 25, 2016

Yesterday British startup TediPay and Russia’s CardsMobile presented their first joint solution at the Mobile World Congress exhibition in Barcelona. Christened ‘Wildcard,’ this open platform allows banks and transport companies to offer their services via a range of wearable devices: smart and hybrid watches, bracelets, smart rings and more. The platform addresses four mass market applications — …

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Dutch investors put $2 million in Russian mobile solution provider Appnow

February 18, 2016

Appnow, a Russian startup based in Tatarstan, has raised $2 million from Dutch investment company Maxforсing ВV, as reported by Rusbase.com. The terms of the deal were not disclosed. Appnow enables restaurants, cafes and beauty salons to create their own mobile apps. An application for iOS, Windows Phone or Android may be created and automatically authorized by …

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Seedstars Summit to showcase the best startups from emerging markets (Lausanne, Switzerland, March 3)

February 17, 2016

Seedstars Summit 2016, the annual entrepreneurship forum for emerging markets, will be held under the topic “Billions” on March 3, 2016 in Lausanne, Switzerland. Some 1,000 entrepreneurs, venture capitalists, corporate executives, business angels, government officials, journalists and startup enthusiasts from the fast-growing startup scenes of Central and Eastern Europe, Africa, Asia, Latin America, and the …

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Russian billionaire Oleg Boyko buys into German online lending startup

February 16, 2016

Russian billionaire Oleg Boyko’s private-equity company bought a stake in Germany’s Spotcap as the online lender backed by Rocket Internet SE secured its biggest financing to date. Spotcap raised 31.5 million euros ($34 million) from Boyko’s Finstar Financial Group and existing investor Holtzbrinck Ventures, Chief Executive Officer Toby Triebel said by phone. Spotcap lends to small and medium-sized …

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Almaz Capital leads 2nd round for Ukrainian-American connected pet device maker

February 11, 2016

Earlier this month Ukrainian-American startup Petcube, which has developed an interactive device to keep people connected with their pets, announced that it raised $2.6 million in its second round of funding. The round was led by Almaz Capital, an international venture fund with Russian origins, with participation from AVentures Capital, a leading Ukrainian fund, and Y Combinator, …

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Polish PE firm injects $2 million in Russian online travel agency Oktogo

February 9, 2016

Oktogo, a major Russian online travel agency and content portal, has secured $2 million from MCI Management, one the most established private equity group in emerging Europe. The deal was revealed yesterday by Russian business daily Vedomosti based on exchanges with Oktogo’s CEO Marina Kolesnik and an MCI representative. The funds will be used to develop Oktogo’s activities on the domestic …

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Real estate tycoon invests $3.9 million in Russian contactless payment startup

February 2, 2016

Russian businessman Sergey Kozlovsky has invested 300 million rubles (approximately $3.9 million at the current exchange rate) in PayQR, a Russian startup developing contactless payment solutions. The news was reported earlier today by Russian business daily Vedomosti, which cited PayQR’s founder Vyavcheslav Semenchuk. The details of the transaction were not disclosed. A mobile, QR code-based solution, PayQR claims to be …

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