Startups

FinSight invests in French fintech startup Finexkap

November 18, 2014 January 8, 2019

FinSight, a New York-headquartered venture fund belonging to leading Russian financial group Finam, has contributed an undisclosed amount to the Series A equity round of French fintech startup Finexkap. The startup has raised $22.5 million in total, including a $7.5-million capital injection from GLI Finance, FinSight as well as undisclosed private investors and family offices. These funds will be used …

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Mail.ru Group acquires OpenStreetMap-powered Maps.me

November 13, 2014 November 13, 2014

Today LSE-listed Russian Internet group Mail.ru Group announced it has acquired popular mapping app Maps.me. With its Android, iOS and BlackBerry apps, Belarus-based Maps.me allow users to download detailed maps for any location around the world and use them even when offline. The service pulls data provided by OpenStreetMap, the open-source, project dedicated to create a crowdsourced, highly detailed world …

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National tax service and Sberbank team up with 2can to develop innovative transaction platforms

November 13, 2014 November 13, 2014

Mobile acquiring solution developer Smartfin, which operates under the 2can brand, has been selected as the first technological partner of national savings bank Sberbank for a pilot project of “Business Tablets.” The Business Tablet consists of three portable gadgets: a modern tablet computer with an embedded mobile acquiring application; a bank card reader compatible with …

National tax service and Sberbank team up with 2can to develop innovative transaction platforms Read More

Skolkovo is sending its biggest startup delegation ever to Helsinki

November 13, 2014 November 19, 2014

Skolkovo is sending a record 53 resident companies to Helsinki for Slush 2014, tripling its presence at Europe’s biggest startup conference in comparison to previous years. Slush takes place on November 18-19 in the Finnish capital and brings together around 15,000 investors, company executives, fledgling entrepreneurs and world media.

Russia’s Imperious Group injects $250,000 in Ukrainian startup Multitest to conquer Western markets

November 11, 2014 November 11, 2014

In a new illustration of the maintained interest of several Russian funds in Ukrainian startups, Imperious Group has invested $250,000 in Multitest, a Kiyv (Kiev) -based startup that helps Internet users choose their ISP. The funds will be used to redesign the platform and penetrate new markets. The startup’s founder Artem Beloded is considering, in particular, the US, UK …

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Fast-deployment LTE technology can connect Russia’s Arctic

November 3, 2014 November 3, 2014

Telum, the developer of the Ranberry family of mobile products in Russia, has developed technology that enables users to quickly deploy a 4G/LTE wireless broadband network for voice, video and data transmission. The project, called Ranberry B1000, incorporates products by Telum and by Intel. Telum is a resident of Skolkovo, the international tech hub under …

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Fast growth appeal vs. pressure of sanctions: Western VCs’ new Russia dilemma

October 31, 2014 December 26, 2018

The past few weeks have demonstrated the uncomfortable position Western venture capitalists that have traditionally invested in Russia are finding themselves in as a result of the international tensions. While, in the eyes of some them, the Russia label has become a stigma, other VCs have proclaimed their commitment to continue investing in Russian startups …

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Online logistics startups raises $150,000

October 31, 2014 October 31, 2014

Russian IT startup Gruzopoisk has received $150,000 investment from private investor Oleg Zakharchenko. The business angel’s investment has bought him a 10% stake in the project, which is valued at $1.5 million, as well as an active role in management of the company. He will be responsible for the product’s promotional strategy. Gruzopoisk is a …

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Semiconductor sensor developer receives $1.9 million grant from Skolkovo

October 29, 2014 October 29, 2014

Thin Film Technology has received a grant of $1.9 million from Skolkovo, the international tech hub under completion on the outskirts of Moscow. The firm was founded in 2006, and has been working with the Skolkovo innovation center since 2011. It develops semiconductor sensors for measuring pressure, vibration levels and other physical parameters in unstable and aggressive environments. …

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Almaz Capital, Fastlane Ventures and e.Venture inject $2 million in CarPrice.ru

October 28, 2014 October 28, 2014

Last week online car sales and valuation service CarPrice.ru received $2 million in seed investment. The principal investors were Almaz Capital, Fastlane Ventures, e.ventures along with several other Russian and foreign funds. The company was founded very recently, in June of this year, by Edward Gurinovich, Oskar Hartmann, Alexander Danilov and Artem Bolshakov.

IIDF supports online project to turn “angry citizens” into “satisfied citizens”

October 27, 2014 December 26, 2018

Earlier this month the IIDF (FRII in Russian, a major fund launched last year to support Russian Internet startups), announced an investment of 44 million rubles (approximately $1.1 million) in Intelligent Social Systems. This company develops IT projects for facilitating effective interaction between the public and state agencies and commercial organisations. Its first project was “Angry Citizen,” …

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Social alarm clock Wakie secured $1 million from Leta Capital and Titanium Investments

October 23, 2014 October 23, 2014

Leta Capital, the venture arm of Russian IT security solution provider Leta Group, and Titanium Investments, an international venture fund with Russian connections, have invested $1 million in Wakie, the developer of a social alarm clock. The deal, which was closed in August, has just been revealed by Russian tech blog Firrma.ru, which refers to an …

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