Startups

GVA LaunchGurus aims to introduce Silicon Valley practices to Russian startup ecosystem

February 25, 2016

Earlier this month GVA LaunchGurus launched the eighth edition of its accelerator program, the “GVA Accelerator – Startup Academy,” with the participation of 26 high-tech professionals and entrepreneurs. The 10-week program aims to strengthen their projects by providing new skills, business connections and fund-raising opportunities. Among the teachers and business coaches involved in the program …

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Russian startup sets new trend in global yacht rental market

July 9, 2015

Well known and practiced in the fields of car and apartment sharing, the booming sharing economy also applies to the global yacht rental market. Pioneering this trend is Anchor.Travel, a Russian startup launched last year by Russian entrepreneurs Sergei Medvedev and Stanislav Kharlamov. Competing with the American Boatbound.com and the French Sailsharing.com, Anchor.Travel has a database interface that uses a …

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Western investors injected $5 million in Russian online travel agency Oktogo

February 25, 2016

In December last year Oktogo, a major Russian online travel agency and content portal, secured “more than $5 million” from a pool of investors which included essentially Poland’s MCI Management, Luxembourg’s Mangrove Capital Partners, France’s Ventech and Russia’s ABRT. The deal was revealed last week by Russian business daily Vedomosti and confirmed to East-West Digital …

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Report: Goldman Sachs invested $8 million in Russian flight ticket booking site Onetwotrip

March 2, 2017

Goldman Sachs invested $8 million in Onetwotrip.com, a Moscow-based startup that sells air tickets and hotel bookings to users from Russia and several European countries. The capital injection was not publicly announced when it  took place in late 2014, but it was revealed last week by Russian business daily Kommersant, which cited sources close to …

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Wedding startup from Tatarstan secures $400,000 from business angels

February 25, 2016

Russian wedding startup Wedvice, a resident at the business incubator of the Naberezhnye Chelny IT park, in Tartarstan, has received 25 million rubles (a little more than $400,000 at the current exchange rate) in investment. The investment came from Moscow businessman Alexander Borobyov, CSKA Basketballer Vitaly Fridzon and fellow IT park resident DoctorNet.pro. Among the service’s …

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Bank software publisher Double Data secures $3 million in Series A round

February 25, 2016

Last week two Moscow-based venture funds, Leta Capital and Simile Venture Partners, announced they invested “nearly $3 milllion” in Double Data, a Russian startup developing Big Data solutions for financial institutions. The details of the deal were not disclosed, but Double Data co-founder Maxim Ginzhuk told East-West Digital News that Leta led the round, and …

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Russian startup helps users learn European languages in just one minute a day

April 14, 2015

According to Facebook statistics there are more than two million Anglophones in Brazil that would like to learn Portuguese. In Mexico there are almost 2.5 million Anglophones that would like to learn Spanish. In the U.S. there are more than 1.6 million Spanish speakers that need English and almost three million people that would like …

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The future of Europe’s single digital market discussed at Sofia’s CEEDS – with free passes for Russian startups!

April 14, 2015

For its 7th edition in Sofia on April 21-22, the CEE Digital Summit (CEEDS) will welcome Mr. Andrus Ansip, Vice President for the Digital Single Market at the European Commission among 100 top speakers and more than 3,000 attendees from 40 countries. Russian startups are cordially invited to demonstrate their technology and talent at the …

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Telepresence robot developer receives $160,000 in grant and investment

July 9, 2015

Russian company Wicron has attracted 5 million rubles (approximately $80,000 at the current exchange rate) of investment from Ashmanov & Partners, a leading Russian web and SEO agency. The transaction took place in December 2014, but was announced only last month. This funding came in addition to a grant for the same amount offered by …

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Pearson inks deal with Russian online education platform ‘Azbuka’

February 26, 2016

Russian online education platform ‘Azbuka’ will soon offer customers access to electronic textbooks from global publishing firm Pearson. Based in London, Pearson is the world’s largest educational publisher, with its textbooks used by more than 100 million people worldwide. Azbuka (meaning alphabet, or ABC) is a Russian online educational service which offers access to electronic …

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French Tech launches Russia tour to showcase France’s best startups

April 15, 2015

La French Tech, a government-led initiative that aims to stimulate and promote France’s startup ecosystem, is launching a Russia branch. The kick-off event on Feb. 17 gathered around 100 tech entrepreneurs, representatives of large or small companies, research institutions, venture funds and incubators, as well as journalists and diplomats from both countries. The event was …

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