Startups

Startup Access founder Yelena Kadeykina: “Russia needs to develop a mentor community around technology entrepreneurship”

October 20, 2014

On December 8th a two-week incubator for Russian startups begins in Cambridge, Massachusetts – part of the successful Startup Access program that has already hosted a number of these events. The program provides startups the opportunity to work with experienced mentors who assist teams in creating a professional business plan to develop a successful marketing strategy. There …

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Runa Capital invests in global social learning network Brainly

October 17, 2014

Brainly, a global social learning network designed to allow students to help each other with schoolwork, has completed a $9 million Series A funding round with the participation of several major venture funds. Among them are General Catalyst Partners, who led the round, Runa Capital, a venture firm operating globally from its offices in Moscow …

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IDCEE 2014: Investors and entrepreneurs gathered in Kiev ignoring “politicians’ bullshit”

October 17, 2014

Lifting any possible doubt about the resilience of Ukraine’s high-tech sector in these troubled times, the IDCEE conference was held brilliantly last week at the Olympic stadium of Kiev. Some 2,000 local and foreign startup entrepreneurs, venture investors, representative of small and large high tech and financial companies, industry experts and other IT people gathered in the …

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Guard Capital invests $2.8 million in doctor social network

October 17, 2014

Moscow based fund Guard Capital has bought 15% of DoktorNaRabote, a Russian social network for doctors, for $2.8 million. The project’s cofounder Stanislav Sazhin stated that the business angels from whom Guard Capital purchased its stake left the company having made tenfold profits. DoktorNaRabote was founded by Andrey Perfilev and Stanislav Sazhin on 14th October 2009, so it will …

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Report: “Technology Commercialization as the Basis of Entrepreneurial Universities: The US Experience and Possibilities for Russia”

October 16, 2014

Dr. Alina Ilinova, an assistant professor and the tech transfer manager at Mining University in St. Petersburg, spent quality time earlier this year at the Maryland International Incubator (MI2, University of Maryland, College Park), studying the best international practices in the commercialization of university-originating technologies and the innovation ecosystems developed at UMD and other American …

Report: “Technology Commercialization as the Basis of Entrepreneurial Universities: The US Experience and Possibilities for Russia” Read More

Softline Seed Fund invests in online business meeting facilitator

January 18, 2016

Softline Seed Fund, a VC fund set up in the end of last year by Softline and government-owned RVC Seed Fund, has invested 7.5 million (nearly $190,000) in the Business Family online network in exchange for a 7% stake in the company. The Business Family project began two years ago as a business-oriented social network and club …

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Fastlane’s Autospot secures $3 million in Series A round

October 10, 2014

Car sales website AutoSpot has received $3 million investment from Russian venture fund SOL Ventures, tech entrepreneur Sergey Gabestro and a number of previous investors in the company. The news was reported earlier this month by Firrma.ru, an online publication on the Russian startup and venture scene. Launched in November 2013 by Moscow startup incubator Fastlane Ventures and business angel Dmitry …

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Flint Capital takes part in $2 million round for Israeli mobile analytics startup Appsee

October 9, 2014

Flint Capital, a Moscow-based venture fund launched last year, has invested $1 million in Appsee, an Israeli mobile analytics company, as reported by Russian tech blog Firrma.ru. The $2 million Series A round also involved Israeli venture fund Giza VC and business angel Moshe Lichtman, who already invested $1 million in Appsee one year ago. Founded in …

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Russians still actively invest in Ukrainian startups; Western VCs eye the market, too

October 8, 2014

Amid political turmoil, Russian investors have been involved in four of the five largest investment deals on the Ukrainian startup scene since early 2014. This trend was revealed by an analysis provided by Yevgen Sysoyev of AVentures Capital, a Kiev based international fund. A $3 million deal involving Gillbus, a bus-ticket software developer, took place in June. Investors included Russian …

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Hubert Burba Media invests in Russian educational e-commerce site Bimbasket

October 8, 2014

Earlier this week the global German media company Hubert Burba Media announced their investment in Russian educational e-commerce site Bimbasket.  Burda received a “strategic share” in the startup in exchange for a cash injection combined with media campaigns using the media-for-equity model. Neither the amount of the deal nor the startup’s valuation have been disclosed. Launched in early 2013, Bimbasket enables parents …

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Yandex acquires PriceLabs, gets a divorce from MultiShip

October 7, 2014

Yandex’s strategy to develop its marketplace, Yandex Market, saw new developments in the past few weeks. The company acquired PriceLabs, the developer of a price monitoring and optimization solution, and abruptly ended cooperation with MultiShip, an aggregator of delivery service offers in which Yandex had invested earlier this year. The Russian search giant did not …

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US-Russia Innovation Corridor selects university-based startups to “accelerate success”

October 6, 2014

American Councils for International Education announces the opening of the Fall 2014 application for the US-Russia Innovation Corridor (USRIC). University-based startups and entrepreneurs are encouraged to apply until November 9. The US-Russia Innovation Corridor (USRIC) deploys services and resources to advance research and commercialization collaborations with the potential to accelerate success in business. USRIC helps startups quickly …

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