Last week, Russian web- and video-conferencing software company Webinar.ru announced the completion of a $7.3 million Series A round of funding led by Intel Capital and the EBRD. The deal also involved Flint Capital, a Moscow-based venture fund operating internationally, and VTB Capital, the venture arm of state-owned bank VTB, which invested in the startup …
Swedish investment fund Kinnevik, German incubator Rocket Internet and other co-investors announced yesterday an agreement to form a new global fashion e-commerce group by combining five leading businesses across the world. These include Dafiti (Latin America), Jabong (India), Lamoda (Russia & CIS), Namshi (Middle East) and Zalora (South East Asia & Australia). Christened Global Fashion …
Lamoda.ru merged into multibillion dollar global fashion e-commerce group Read More
Netology, a major Russian online education platform offering courses in the fields of Internet business, web development and e-commerce, has merged with Foxford (previously 100EGE.ru), a provider of online courses for secondary school students, under the “Netology Group” brand. The merged companies have received a $1.1million capital injection from InVenture Partners, a Russian fund that …
Russian venture fund Ru-Net has participated in the $33 million funding round of FreeCharge, a leading Indian mobile recharge platform, reported local tech publication Trak.in. Belgium-based Sofina and existing investor Sequoia Capital also took part in the deal. The new round of funding will be used for marketing and building an advertising platform that will …
Runa Capital, a global venture capital firm operating from Russia and California, has sold its minority stake in cloud backup solution provider BackupAgent to Acronis, an international provider of data backup software and disaster recovery solutions. The terms of the deal have not been disclosed. “Becoming part of Acronis supports BackupAgent’s vision of becoming the …
Acronis acquires Runa Capital’s stake in Dutch cloud backup solution provider BackupAgent Read More
In a series on Europe’s “hottest startups,” the UK edition of tech magazine Wired published earlier this month a selection of 10 Russian startups. These included peer-to-peer publishing platform Gitoon, e-commerce intelligence platform Ometria, “rephotography” app publisher Timera, slideshow assistant app Penxy, music-streaming service 10tracks, taxi app publisher Wheely, driving navigational system WayRay, video game …
Wired highlights 10 Russian startups but gets it wrong with rosy business predictions Read More
Asserting itself as one of the most active Russian-backed funds operating internationally, TMT Investments announced during this month the completion of two investment deals, in addition to a small exit. The fund, which usually invests just a few hundred thousand USD in each project, has injected a hefty $1 million in Anews, an international global news-reading …
Moscow-based Ostrovok.ru, which runs a online accommodation booking service that has become very popular among Russian speakers worldwide, has struck a partnership with US-based community-driven lodging marketplace company Airbnb. The agreement will make it possible for users of Ostrovok.ru, which just picked up a $12 million round on top of the $25 million secured earlier to support its international expansion ambitions, …
A startup from Makhachkala in Dagestan, southern Russia, has come up with an out of the ordinary new product. Developer Eldar Klyichev has designed an electronic prayer mat, which helps Muslims to keep track of rakats, the ritual movements and words used during Islamic prayer. The electronic prayer mat is equipped with touch sensors which help …
Russian music-streaming platform Zvooq yesterday announced it secured an investment of $20 million in a Series A round led by Ulmart, Russia’s leading online retailer, with the participation of Essedel Capital, a Helsinki-based private equity fund. The funds will be used to bolster and promote Zvooq’s freemium music-streaming offer. Zvooq will also “initiate roll-out of the …
BlockTrail is a new platform for bitcoin analytics launched today by Amsterdam-based researchers BlockCorp. It has secured €500,000 ($669,310) in funding from BlockCorp, which was set up by entrepreneur Boaz Bechar and VKontakte co-founder Lev Leviev. Competing with Blockchain.info and Blockr, the platform hopes to surface information about cryptocurrency transactions by creating dedicated tools for the analysis …
Vkontakte co-founder Lev Leviev invests in Bitcoin analytics platform BlockTrail Read More
Project Healbe has received $2.6 million investment from a group of unnamed private investors, along with Dmitry Chalyy, Alexander Tarakanov, Alexey Girin and the Starta Capital Accessor Fund. Healbe combines a cloud service with fitness bracelet GoBe. Starta Capital first invested $200,000 in Healbe in 2012. Since then the project has received $3 million in …
Fitness bracelet Healbe receives $2.6 million investment Read More
