Smartfin, a provider of mobile payment solutions in Russia under the brand 2can, has just completed a $5 million Series B round of financing with the participation of previous investors InVenture and Almaz Capital, two major Russian venture funds, as well as investment company ESN Group. The latter, owned by Russian tycoon Gregory Berezkin, has …
Mobile acquiring startup 2can raises $5 million in Series B funding Read More
Play’s turnover increased from 23 million Rubles in 2012 to 259 million Rubles in 2013, growing 11-fold in value and 14-fold in purchasing volume. By the beginning of 2014, the company’s monthly customer base comprised 100,000 premium users, half of whom were regular customers. The total number of service users exceeded 500,000 people and more than …
Online video service Play announces more than 100,000 premium users Read More
Mobile app developer Iconic Mobile (formerly known as Ipadizer) has raised $1 million from 515 Capital, a London-based investment and consultancy firm. This is the first funding round for the startup – at a pre-money valuation of $2.7 million, as founder and CEO Alexey Pospekhov told East-West Digital News. Launched in Russia in 2011, Iconic …
Russian mobile app developer Iconic Mobile secures $1 million from UK investment firm Read More
Last month Russian fund Buran Venture Capital along with “a few business angels” invested 40 million rubles (approximately $1.1 million) in Moscow-based startup Dashboard Systems. The terms of the deal have not been disclosed and neither the startup nor the fund answered EWDN’s questions. A resident of Skolkovo, the government-sponsored tech hub under completion on …
GSF Accelerator, India’s largest and the most renowned Technology Accelerator, recently announced the launch of GSF Global Accelerator, a pioneering cross-border accelerator program. Twelve high-tech startups will be selected for the program, including four from Eastern Europe, Southeast Asia, and Africa. These startups will join us on a 12-week journey that will begin in India …
Accelerate your project in India: A call to Eastern European startups Read More
On the 7th April we will open DI Telegraph right in the heart of Moscow and welcome the brightest, boldest and bravest start-ups from Russia and around the world to occupy it. DI Telegraph coworking has been created to bring together developers, startups and creatives in one space and provide them with all the raw …
Dream Industries is opening a new coworking space in the Central Telegraph building Read More
“Doctor At Work,” Russia’s leading physicians’ community, has just secured $3 million from three major Russian venture funds – existing investors Aurora Venture Capital and Bright Capital, and new investor Guard Capital. The deal valued the startup at $16.5 million. A part of the funds – less than one third, Bright Capital’s press service told East-West Digital News …
Leading physicians’ community ‘Doctor At Work’ secures $3 million Read More
Today Yandex, the Russian search giant, announced the acquisition of Israeli startup KitLocate, the developer of an energy-efficient geolocation technology for mobile devices. The solution provides location capabilities, including geo-fencing, motion detection and social location, for location-based apps on the user’s iOS or Android smartphone. Furthermore, it allows location-based apps to request the device’s geographic coordinates less frequently “without …
Yandex acquires Israeli geo-location technology developer KitLocate Read More
ABRT and Mangrove Capital Partners, two venture funds investing actively in Russia, are inviting CEOs and founders of Russian IT companies to the ABRT-MANGROVE CEO CAMP, an intensive 10-week program starting next month (deadline for applications: March 23). The program is intended to help young IT companies increase sales significantly, find new customers and partners, …
Surfingbird.ru, the first collaborative content discovery service on the Russian-language Internet, has raised $2.5 million from Russian fund Klever Internet Investments. The transaction, revealed last week by the Russian business daily Vedomosti, was confirmed to East-West Digital News by the startup’s CEO Sergey Shalaev. Launched in 2011, SurfingBird is inspired by US site StumbleUpon.com, which …
Russian-language content discovery service Surfingbird closes $2.5 million Series B round Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week the completion of a new $200,000 investment in San Francisco-based startup KitApps, following a capital injection of the same amount in July last year. KitApps’ mobile app platform, christened “Attendify,” enables event planners to create customized mobile apps for conferences, tradeshows, exhibitions …
TMT Investments injects additional $200,000 in US mobile app startup KitApps Read More
Klever Internet Investments, the technology branch of a major Russian private investor, Klever Asset Management, has received a minority stake in CityAds Media, a Moscow-based international affiliate marketing and performance advertising platform, in exchange for a $5 million growth equity funding. CityAds, which is attracting private equity investment for the first time, intends to use the …
Russian CPA platform CityAds raises $5 million with international ambitions Read More
