Startups

Hyperloop in talks with Russian investor to introduce sonic speed train in Russia

March 2, 2017

US company Hyperloop Transportation Technologies is in talks with a Russian private investor to finance its launch in Russia, the company’s COO Bibop Gresta told RT last week at the World Economic Forum in Davos. It is likely the government will also be keen on the idea, he believes. “We’re heading at a private-public partnership. Usually that’s our …

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2015 in review: Russian startups strove to develop internationally – or leave the country

February 7, 2016

This and next week, East-West Digital News reviews the most important developments which took place on the Russian high-tech scene in 2015. Today’s article explains why and how Russian startups sought to develop on global markets. In 2015, Russia’s problematic international image did not seem to affect the reputation of Russian tech talents on the global high tech scene. Among the brightest examples was N-Tech …

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2015 in review: Foreign players did not lose all interest in Russian tech markets

February 7, 2016

This week and next, East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. Today’s article highlights the attitude of international players towards the Russian tech market.  In spite of the international tensions, sanctions and retaliation measures that followed the Ukrainian conflict, Russia’s tech markets kept some appeal in the eyes of a number of …

2015 in review: Foreign players did not lose all interest in Russian tech markets Read More

Russian taxi service Takeit to receive $2 million investment

March 2, 2017

Takeit, a taxi service launched in July last year, is to secure “around $2 million” from several individual investors, including former top executives of Rostaxi and Takeit CEO Alexander Onikienko. The deal was reported last week by Rusbase, an online publication covering the Russian venture market. The young company will measure itself against such market …

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GenerationS gives more than $2 million to boost startups

February 7, 2016

The  GenerationS competition, organized in Moscow by the state-owned fund of funds RVC, ended with 35 startups receiving investments of more than $2.2 million from more than 150 of the project’s partners. These included foreign and Russian companies such as SAP, IBM, Samsung, Microsoft, Johnson&Johnson, Sberbank-Technology, NPO Saturn, and many others. The approximate $142,000 in grand prize money …

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TMT Investments teams up with EBRD to back international stock photo platform Depositphotos

February 9, 2016

TMT Investments, an LSE-listed fund with Russian backers, is participating in a $5 million round of additional funding for its portfolio company Depositphotos. The round is led by the European Bank for Reconstruction and Development (EBRD), which is investing via its Venture Capital Investment Programme. Agreed last month, the transaction will be completed until the end of the year. …

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TRData wants to be ‘Bloomberg for emerging markets’

December 16, 2015

TRData, a London-headquartered startup with a development team based in Ukraine and the majority of customers in Russia, makes for an interesting European tech story. The company, which has recently gone through 500 Startups’ London ‘Distro Dojo’ growth hacking program, is building something akin to a “Bloomberg for emerging markets”. It offers traders access to real-time …

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Google loses to Russian startup in face recognition contest

February 9, 2016

Russian startup N-Tech Lab won the world championship in face recognition MegaFace Benchmark organized by the University of Washington. The algorithm, created by Russian developers managed to bypass more than 100 solutions from its competitors, including program FaceNet, created by Google. N-Tech.Lab team created a unique algorithm based on neural network technology (solutions, based on the  principle  of functioning and  organization  of biological neural networks  i.e. the …

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Russian funds invest in German companies Cuponation and Nestpick

February 9, 2016

Ru-Net, a major, internationally-oriented Russian fund, has just participated in a ‎€10 million Series B financing round for Cuponation, a Germany-based discount platform. Rocket Internet, Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventures, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank and Columbia Lake Partners have also participated in the round in undisclosed proportions. Cuponation collects all available …

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Russian fund invests $1 million in Israeli wearable technology company to demonstrate “the true meaning of being free”

February 9, 2016

Russian venture fund Titanium Investments has injected $1 million in MUV Interactive, an Israel-based developer of innovative technologies for wearable interfaces. The investment, which will help the startup start serial production of Bird, its first product, took the form of a convertible loan, Russian business daily Kommersant reported today. The transaction brings the total amount raised by the startup …

Russian fund invests $1 million in Israeli wearable technology company to demonstrate “the true meaning of being free” Read More

UK’s Tedipay and Russia’s CardsMobile to invest $9 million in contactless payment project

February 9, 2016

Today at the UnBound conference in London Tedipay announced a partnership with Russian contactless payment solution provider CardsMobile to create “a ground-breaking secure platform for mobile payments and smart transit ticketing.” The partners intend to invest no less than $9 million in the project, which will be deployed in the UK. The UK startup has developed an innovative wearables solution …

UK’s Tedipay and Russia’s CardsMobile to invest $9 million in contactless payment project Read More

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