Startups

Russian educational network Dnevnik.ru joins EdTech Top 20

June 24, 2014

Dnevnik.ru, Russia’s first social educational network, was included last week in EdTech Europe’s list of the most influential European companies in the sphere of e-learning and educational technology. The criteria for selection included compliance with key trends in the sphere of e-learning (SaaS, MOOC, adaptive learning, gaming), scalability of a project’s technology and the influence …

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$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years

June 23, 2014

Ostrovok.ru, a major Russian hotel booking service, announced last week that it has raised $12 million in a round led by Vaizra Capital, a fund which belongs to Vkontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. A number of the startup’s existing investors also took part in the round. The transaction, the details of which have …

$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years Read More

Local search service Yell.ru secures $11 million from Swedish funds to measure itself against Yandex

June 23, 2014

Last week, Russian online local-search service Yell.ru announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik. In addition to providing a search engine, Yell.ru offers user reviews about local companies and services. “More than a third of all online Russians will use …

Local search service Yell.ru secures $11 million from Swedish funds to measure itself against Yandex Read More

Intel Capital teams up with two Russian funds to back Ukraino-Russian bus-ticket software developer

March 2, 2017

Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed valuation. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for …

Intel Capital teams up with two Russian funds to back Ukraino-Russian bus-ticket software developer Read More

Rocket Internet’s Foodpanda acquires Russian startup Delivery Club

June 19, 2014

Rocket Internet’s online food delivery platform Foodpanda, together with its affiliated brand Hellofood, announced yesterday that it has taken over Russia’s food delivery business Delivery Club. The size of the transaction has not been disclosed, but an insider told Russian business daily Vedomosti that it stood at around $50 million.

TMT Investments injects $200,000 into US startup Whale Path

June 13, 2014

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $200,000 investment in Whale Path, a Sunnyvale, California-based startup that offers an on-demand business research platform for companies. Whale Path says it typically delivers fully customized reports to its clients three times faster and at half the price compared to traditional business research …

TMT Investments injects $200,000 into US startup Whale Path Read More

Interactive app for children KidBook raises $300,000

June 11, 2014

KidBook, a startup with an interactive library of educational and training multimedia books for children, has raised 10 million rubles (approximately $300,000) in its first round of funding. The funds, which have been provided by a group of individual investors led by serial entrepreneur Vladimir Kanin, will be used to prepare new content, develop an …

Interactive app for children KidBook raises $300,000 Read More

IIDF invests $1.3 million in mobile medical alert system

November 12, 2020

Knopka Zhizni (“Life Button”) has raised 45 million rubles (approximately $1.3 million) from IIDF (FRII in Russian), a $200 million seed and early-stage fund launched last year. The news was reported yesterday by IKS Media. Founded in November 2010 by MBA students of the Skolkovo Management School, the startup has developed a mobile medical alert system for the …

IIDF invests $1.3 million in mobile medical alert system Read More

At Skolkovo’s Startup Village, exoskeleton for the physically impaired wins jury’s hearts

June 10, 2014

A “socially important and technologically advanced” robotic solution was picked for the first prize at last week’s Startup Village, a sizable annual competition for young technology innovators held at Skolkovo, Russia’s largest state-sponsored innovation hub under construction just outside Moscow. ExoAtlet walked away with the first prize, following two days of rigorous pitching sessions that …

At Skolkovo’s Startup Village, exoskeleton for the physically impaired wins jury’s hearts Read More

Russian-American startup iBuildApp raises another $200,000

June 9, 2014

Mobile app builder iBuildApp has raised $200,000 from Starta Capital and Nikolay Belykh. iBuildApp is an international project that enables clients to build and manage mobile apps. As well as being a resident of Moscow’s Skolkovo IT-Park, the project also has its headquarters in Foster City, California. This investment brings the total invested in the project …

Russian-American startup iBuildApp raises another $200,000 Read More

Maxfield Capital invests in Israeli English-learning app SpeakingPal

June 3, 2014

Moscow-based venture fund Maxfield Capital has invested more than $1 million in Israeli startup SpeakingPal, a mobile platform for language learning based on voice-recognition technology. SpeakingPal, which has won a range of edutech-sector awards, has more than 2.2 million registered users and has also partnered with Educational Testing Service (ETS), the creator of the TOEFL and TOEIC tests, to …

Maxfield Capital invests in Israeli English-learning app SpeakingPal Read More

From Russian funding to an American exit: French startup Capptain acquired by Microsoft

May 29, 2014

Yesterday, French mobile analytics startup Capptain, which so far had been funded by Moscow-based venture fund Runa Capital, announced it was being acquired by Microsoft. The amount of transaction has not been disclosed, but Runa’s PR Director Liliana Pertenava told East-West Digital News that the fund had made “lots of money” on this investment. While the …

From Russian funding to an American exit: French startup Capptain acquired by Microsoft Read More

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