ECWID, arguably one of the most successful Russian startups of the past few years, announced today that it has secured $5 million from iTech Capital and Runa Capital, two major Moscow-based venture funds with global portfolios. The startup will utilize the Series B funds to accelerate its already rapid growth, further developing its mobile and …
Interest in the fast-growing Russian digital content market received further confirmation this past Friday with the announcement of a $6.5 million investment by Umart, Russia’s number one online retailer, in Dream Industries, a Moscow-based developer of digital content platforms. The move came just one week after e-commerce pioneer Ozon acquired a stake in Russia’s e-book …
CrowdSystems, the developer of retail analytics tools based on crowdsourcing technology, announced Friday that it closed a $1 million Series A round of financing from Russian venture fund InVenture Partners at an undisclosed valuation. Similar to the international platform Quri.com, CrowdSystems provides retail companies and brands with crowdsourcing tools for retail audits and consumer research. Consumers …
Crowdsourced retail analytics startup raises $1 million from InVenture Partners Read More
In early May TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $200,000 investment in Israeli startup Drippler, in exchange for a 1.86% share. Drippler is a mobile and web-based discovery service helping people adopt everyday technology in an easy and interactive way. Drippler provides users with daily tech …
TMT Investments injects $200,000 into Israeli startup Drippler Read More
The NASDAQ-listed Russian search giant Yandex is among the main contributors to a $4.1 million capital injection in SalesPredict, a SaaS technology provider helping B2B companies increase revenues using predictive analytics. Founded in 2012, SalesPredict combines and analyzes prospect and customer data from a company’s CRM database, marketing automation solutions, proprietary data sources, social media, and the …
Yandex invests in Israeli predictive analytics startup Read More
While planning for a European trip, Alexander Artyukhin spotted a gap in the market for independent travel planning services. As a result he set up his own startup aimed at helping clients organize the details of their trips abroad, from hotel bookings and tickets to local recommendations. As the Russian entrepreneur was setting out on a …
Going it alone: Startup offers independent travel at the click of a mouse Read More
Recent political tensions and even a cold-war style warning from the FBI have not slowed the flow of Russian venture capital into US startups, nor have they stifled so far the American entrepreneurs’ appetite for these investments. In the past two months, no fewer than six publicly disclosed deals have been concluded between US based …
Far from politics, Russian money still fuels US startups Read More
In late April, Relevant Media, a project of Internet startup developer Fastlane Ventures, raised $1.4 million from a group of undisclosed individual investors. With its three properties – the “how-to” portal Kakprosto.ru, women’s site Justlady.ru, and Pinterest clone Pinme.ru, – Relevant Media claims an audience of 18 million unique visitors, making it one of the 10 largest Russian Internet media …
Grishin Robotics fund, a venture fund launched in 2012 by Mail.ru Group’s CEO Dmitry Grishin, has purchased a minority share in Orbotix, a manufacturer of robotic toys. The exact size of the recently acquired stake has not yet been specified, but what we do know, is that together with The Foundry Group and Shea Ventures, Grishin invested $15.5 …
Moscow Seed Fund, the venture arm of the Moscow city authorities, and Altair Capital, the seed-stage fund of serial angel investor Igor Ryabenkiy, have invested $200,000 and $100,000, respectively, in Mix Upload company. This Russian startup is developing a portal to help listeners, musicians and labels find each other and to monetize creative product. The …
Russian startup raises $300,000 to match artists, music lovers and labels Read More
The Russian startup Prixel has developed technology that makes it possible to print copies of paintings that fully convey the texture of the artist’s brushstrokes. The replica costs no more than $200 and the new technology may be used in the museum business. Fuji has similar technology, but in this case the price of one painting …
The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a fund launched last year following a government initiative, will open a remote regional accelerator in Sevastopol, Crimea, as soon as this summer. The news was reported last week by Russian business daily Kommersant. The fund is expecting to support five to seven projects, which will …
Russia seeks to develop startup industry in Crimea Read More
