Startups

A Russian-American startup shines at Helsinki tech fair

February 9, 2016

Astro Digital, a startup created by Ekaterina Kotenko-Lengold, won second place in the startup competition at Slush, which is a major event in northern Europe for innovators and developers interested in attracting international investors. “I’ve always been interested in the space industry and wanted to apply space technology to everyday life,” Kotenko-Lengold, a graduate from the Skolkovo Institute of Science and …

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ChefMarket.ru raises $5 million, targets $1 billion valuation “in 5 to 7 years”

February 9, 2016

Moscow-based food delivery startup ChefMarket.ru has just raised $5 million at a $25 million valuation from its existing shareholders, including AddVenture and the startup’s founder and CEO Sergey Ashin. ChefMarket offers home delivery of food products based on recipes from renowned Russian and West-European chefs. The concept is close to that of Western startups Blue Apron …

ChefMarket.ru raises $5 million, targets $1 billion valuation “in 5 to 7 years” Read More

Russian medical technology startups meet US investors, universities and industry players in Philadelphia

February 10, 2016

Even though the relations between the two powers have reached historic lows, US-Russian cooperation in scientific and technological fields is still partly alive. Thus the US-Russia Innovation Corridor (USRIC) — a cooperation framework created in 2013 by American Councils as part of the EURECA program — announced today that five medical technology startups from Russia traveled to …

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OneTwoTrip raises $4 million in funding from Vostok New Venture

November 12, 2020

OneTwoTrip, the Russian travel booking website operating in Russia, Europe and CIS, has secured $4 million in fresh funding from Vostok New Ventures. The deal was disclosed in the nine-months report of the Swedish fund. Launched in 2011, the startup offers online booking of flight tickets and hotels. The startup raised $25 million in two rounds from Phenomenon Ventures and Skype …

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New accelerator to invest up to $15 million in cyber security startups

December 26, 2018

Russian cyber security startups now have a dedicated accelerator with up to 1 billion rubles (around $15 million at the current exchange rate) potentially invested over the next two years. The effort is backed by Rostec, a major Russian state-owned tech corporation, via its subsidiary RT-Inform, systems integrator I-Teco, and the Internet Initiatives Development Fund (FRII in Russian, the country’s largest …

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Startup Chile woos Russian startups for development across Latin America

February 10, 2016

Transnovatsia, a Russian IT developer based in Kazan, the innovation-friendly capital of Tatarstan, some 800 km east of Moscow, has begun its Latin American expansion. The start-up has received a $40,000 grant from Startup Chile’s accelerator program and is putting together a pilot project in Santiago, reported the Skolkovo Foundation and Russian tech blog Firrma. “The Latin American market appears very interesting to …

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Medviser.ru founder Arie (Lev) Orlovsky: “In medicine, high-tech diagnostic methods tend to replace physical examination”

February 10, 2016

A marketplace for remote medical video consultations, Medviser aims to provide patients with access to quality medical expertise worldwide. The Russian-Israeli startup is backed by Millhouse LLC, the investment company of Russian billionaire Roman Abramovich. Medviser’s founder and CEO Lev Orlovsky explains the human and market needs his company is addressing, shares his view on …

Medviser.ru founder Arie (Lev) Orlovsky: “In medicine, high-tech diagnostic methods tend to replace physical examination” Read More

Russian startup develops luminophore technology to evacuate people, gets award at international forum

November 11, 2015

LighTech, a Russian project that aims to make the evacuation of large numbers of people more efficient, was awarded at this year’s Open Innovations international forum in Moscow, reported RVC, Russia’s fund of funds for innovation. The LighTech project owners have developed a flexible linear uninterrupted source of electrical luminophore-based light with wide possible applications in combat operations, …

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Russian scientists successfully implant first 3D-printed thyroid gland

February 11, 2016

A Russian company has announced a successful experiment implanting 3D-printed thyroid glands into mice. The results, which some experts say might revolutionise medicine, will be published next week, “We had some difficulties during the study, but in the end the thyroid gland turned out to be functional,” said Dmitri Fadin, development director at 3D Printing Solutions, to …

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Seven things an entrepreneur should know about the Russian startup scene

February 12, 2016

Moscow is the 13th city on global startup ecosystem ranking. No surprise – the startup drive runs here. Meanwhile, the rules and context for growing enduring startup brands in Russia may seem exotic, unstable and not transparent if you glimpse at them from the outside. The Russian startup alchemists are quickly adapting to emerging trends, and what …

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Chinese fund Cybernaut injects $70 million in Russian-Chinese satellite project

February 12, 2016

Dauria Aerospace, a Russian space technology company, plans to develop and launch 10 satellites to monitor life in some of the largest cities in the world, primarily those located on a new Silk Road. Chinese investment fund Cybernaut will spend $70 million on the project as part of the Urban Observer project to conduct daily …

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Yell.ru acquires Ukrainian-Russian startup YouScan

February 12, 2016

Local search and user review service Yell.ru has acquired a controlling stake in Ukraino-Russian startup YouScan by buying the shares of the previous investors, while the founding team retained a minority stake. No further details of the transaction were disclosed. Yell also announced that it will invest $1 million in the company’s further development. YouScan …

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