Startups

Qiwi launches acceleration program and invests in 12 startups

July 17, 2014

The investment arm of QIWI, the Russian payment giant, has injected $700,000 into 12 startups selected for the QIWI Universe acceleration program, hosted by Moscow State University’s business incubator. According to the company’s press release, over 500 applications were received out of which eight pre-seed stage and four more mature projects were chosen. Among the finalists …

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Russian startup launches web-based cancer diagnosis service

December 26, 2018

Russian startup Unim (United Medicine) has launched the Unim Histology Internet service, which will make it possible for the public to send analyses remotely to the Dmitri Rogachev Federal Clinical and Research Center for Pediatric Hematology, Oncology, and Immunology in Moscow. Backed by the IIDF (FRII in Russian, the country’s largest startup investment fund inspired by …

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Russian startups come to Paris

January 21, 2023

This year, four Russian companies represented Russia at the international IT event Futur en Seine, which took place in Paris on June 15-22. Invited by RusBase, an international resource covering the Russian startup and venture scene, the Russian startups not only met local businesses but also impressed the public. Among these Russian startups was Radario, which …

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Package tour reseller Travelata.ru secures $7 million investment from EBRD and Polish fund MCI

May 22, 2019

Polish private equity fund MCI Management has teamed up with the European Bank for Reconstruction and Development (EBRD) to inject $7 million into Travelata.ru, a Russian online reseller of package tours. The amount invested by each of the two investors has not been disclosed. The funds will be used “to enhance further Travelata’s online services …

Package tour reseller Travelata.ru secures $7 million investment from EBRD and Polish fund MCI Read More

ChefMarket secures $300,000 from AddVenture and Moscow Seed Fund

July 8, 2014

In late June Russian fund AddVenture teamed up with the Moscow Seed Fund, the venture arm of the Moscow city authorities, to inject a second investment tranche into Moscow startup ChefMarket.ru, following an initial investment in December last year. ChefMarket offers home delivery of food products based on recipes from renowned Russian and West-European chefs. Along with …

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Russia’s Sberbank leads $8 million round in US money management startup Moven

July 8, 2014

Last week money-management service Moven raised $8 million at an undisclosed valuation in a round led by SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank. Virginia-based Route 66 Ventures, South-African Standard Bank, and London-based Anthemis Group also took part in the round of funding. The New-York based startup had already attracted …

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Russian robots to keep households safe and sound

July 8, 2014

There are currently plenty of solutions on the international market that allow customers to ensure domestic safety with the help of special wireless sensors (motion sensors, smoke detectors, etc.). But these sensors have a number of drawbacks, such as incomplete coverage and lack of video confirmation, while multifunctional sensor devices are fairly expensive and are …

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RVC and Skolkovo inject $1.2 million in micro-sized antenna maker

June 30, 2014

S-Group Capital Management, an affiliate of the fund of funds RVC, has teamed up with Skolkovo’s nuclear technology cluster to inject 40 million rubles (approximately $1.2 million) in Bisant, a Moscow-based high tech antenna manufacturer. A resident company of Skolkovo, the international tech hub under construction on the outskirts of Moscow, Bisant describes its micro antenna devices …

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Imperious Group invests $530,000 in Russian-American edutech startup Coursmos

June 30, 2014

Russo-American startup Coursmos, a developer of short online courses, has raised $530,000 from Russian venture fund Imperious Group and business angel Evgeniy Medvednikov. The funds will be used to develop the platform and to add more staff. Coursmos is also planning to develop new features for the site including a system to recommend courses to users depending …

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Russian IP video surveillance software company signs $15 million contract in Bahrain

June 30, 2014

Macroscop, a Russian startup developing software for IP videocameras, signed earlier this month one of its first international contracts with Bahrain’s MHS-Technologies. The Russian company’s technology will be used in the business, defense, security and other sectors in Bahrain under a contract that amounts to $15 million, according to the Skolkovo Foundation.

TMT Investments injects $250,000 into ‘Internet of everything’ startup Weaved

June 25, 2014

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in Palo-Alto headquartered Weaved in exchange for a 2.69% stake in the company’s capital. Weaved’s mission is “to become the ‘DNS’ for the Internet of Everything”. To that end, it is developing software and services that allow devices to be securely connected via …

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LinguaLeo launches in Turkey and appoints US industry veteran as CEO

June 24, 2014

LinguaLeo, a personal online service that helps people master foreign languages, has launched its service in Turkey with a localized web-version and a mobile app. This is the second market after Brazil in which the Russian startup has launched its service. “Within the framework of our plans for global expansion we chose Turkey for a variety …

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