Startups

International family office invests in Russian sexual wellness startup

November 12, 2021

Earlier this month Tizzi, a Russian “sexual wellness” startup founded in 2019, announced the completion of its second investment round, attracting 80 million rubles (around $1.1 million). The funding was provided by Mikhail Ryvkin — a business angel who already invested in such projects as ‘Gym-Gym’ and ‘Bright Kitchen’ — alongside an undisclosed “international family office.”  Tizzi …

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While political pressure mounts at home, startups and investors from Eastern Europe amass successes on the global stage

October 30, 2021

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a quarterly review by EWDN Chief Editor Adrien Henni highlighting the most notable industry facts and trends across the region. More than with tech innovations, Russia made the news this past summer by staging …

While political pressure mounts at home, startups and investors from Eastern Europe amass successes on the global stage Read More

This techie from a small Siberian town co-owns a $6 billion German HR tech startup

October 26, 2021

The impressive list of Russian entrepreneurs involved in multi billion dollar tech companies — from Pavel Durov (VK, Telegram), to Andrew Filev (Wrike), to Nikolay Storonsky (Revolut), to Ratmir Timashev (Veeam Software), and many more — is not coming to an end. 31-year-old Arseniy Vershinin,  who was born in Ulan Ude, a small town in Siberia, is also one of them. A …

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New Russian delivery services launched in London, Oman and Vancouver

October 25, 2021

As part of an already established trend, the past few weeks saw Russian players assert themselves again on the international express delivery scene. In early October, two Russian entrepreneurs, Yevgeny Bisovka and Razmik Sukiasov, announced they completed a $6.1 million round of funding to develop their service Tiggy in Vancouver, Canada. This company offers “free 15-minute grocery delivery with …

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Adtech major Admitad buys two Russian startups, opens US office to “expand aggressively”

October 26, 2021

Admitad, an international affiliate network with Russian roots, announced two acquisitions this month, targeting Russian startups CheckScan and Pampadu.   The previous has developed a QR code scanner for receipts that allows customers to analyze their spending and compare prices across various outlets. CheckScan claims to  processes over 2 million receipts a day, serving “hundreds of thousands of consumers” across the …

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Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo

October 14, 2021

Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed.  Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its …

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Russian car-sharing major Delimobil files for listing in New York

October 23, 2021

This past Friday Delimobil Holding S.A., a Luxembourg-registered, Moscow-based car-sharing company, filed for listing on the New York Stock Exchange. BofA Securities, Citigroup Global Markets and VTB Capital will act as joint lead book-running managers while Banco Santander, Renaissance Securities and Sberbank CIB will be joint bookrunners, the company said, cited by Reuters.  A pioneer …

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Mail.ru Group pursues gaming acquisitions across Russia and Belarus

October 14, 2021

Mail.ru Group’s appetite for acquisitions in the gaming space was confirmed again today as My.Games Venture Capital (MGVC), the investment arm of its subsidiary My.Games, announced minority investments in three game studios. These are Tworogue Games and VOX, based in Moscow, and Wideview Games from Minsk, Belarus.  MGVC put on the table $3 million in total for these deals, which include options to …

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Russian pregnancy app reaches 10 million users globally, raises $2 million to pursue expansion

October 5, 2021

Amma Pregnancy Tracker, a fast-growing, Russian-made mobile application for pregnant women, has attracted $2 million to fuel its international expansion. The startup plans to develop teams in Latin America, its largest market today by number of users, as well as in Southeast Asia, and to grow its 10 million+ user base.   This app helps …

Russian pregnancy app reaches 10 million users globally, raises $2 million to pursue expansion Read More

Global meal kit delivery giant HelloFresh invests in Russian counterpart Chefmarket

September 20, 2021

HelloFresh, the Germany-based international meal kit giant, has acquired an “approximately 10% stake” in its Russian counterpart Chefmarket. The amount of this investment (a capital injection) was not disclosed, but the companies mentioned a “single-digit million euro figure” in their announcement last week.  The deal is touted as “a strategic step for HelloFresh to tap into an emerging market with significant growth potential,” …

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This Siberian-born unicorn is now among the world’s top ride-hailing apps

September 23, 2021

A new unicorn emerged discretely earlier this year in the globalized Russian-speaking startup entrepreneur community. InDriver, a ride-hailing app founded in Yakutsk, Siberia, back in 2012, was valued at $1.23 billion as it raised $150 million this past February from leading North American funds. The deal remained undisclosed until last week, when InDriver’s founder Arsen …

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The world’s most powerful mobile charger for electric vehicles is made in Russia

September 4, 2021

In mid-July 2021, Russian company L-Charge unveiled the most powerful electric vehicle charger in the world. This mobile charging station can fully charge your Tesla or Porsche Taycan in just eight minutes and do so while you’re at home, at the office or even stuck in the middle of the road! Before the end of the year, …

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