Startups

QWave Capital invests $5.6 million in Switzerland’s ID Quantique

October 21, 2013

Last week ID Quantique (IDQ), a Geneva-based company that develops commercial encryption technologies based on the principles of quantum physics, raised $5.6 million in funding from Quantum Wave Capital (QWave Capital), a Moscow-based venture fund operating internationally. QWave Capital gained a significant but minority stake in IDQ thanks to the funding, $4.5 million of which was …

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Russian localization solution developer wins Smart House EvAAL-2013

October 16, 2013

RTL-Service, a Moscow-headquartered developer of wireless networking and location systems, came out on top last month at the Smart House EvAAL-2013 technology competition in Europe with its RealTrac data transmission and object localization solution. In an exchange with CNews.ru, the company explained that the winning technology enables the pinpointing of mobile objects both outdoors and …

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Lamoda.ru CEO Niels Tonsen: “We’re focusing on building a great business without wasting time thinking about potential exit scenarios.”

February 5, 2017

When he was sent to Moscow in late 2010 to launch Lamoda, 26-year-old Niels Tonsen had no experience of Russia but already numerous years of experience in Internet projects – including working for German incubator Rocket Internet and its projects Groupon International and Zalando. The goal – to build Russia’s online leader in the footwear …

Lamoda.ru CEO Niels Tonsen: “We’re focusing on building a great business without wasting time thinking about potential exit scenarios.” Read More

Plug & Play Tech Center opens in Dagestan

October 15, 2013

Last month Plug & Play, a Silicon Valley-based global business incubator, opened a new affiliate center in Makhachkala, the capital of Dagestan – a praiseworthy initiative in a region more often in the news for political conflicts and religious extremism than for IT innovations. The Plug & Play Dagestan Center is located on the Dagestan …

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St. Petersburg CRM software startup Fresh Solutions raises $1.1 million to prepare international expansion

October 14, 2013

Fresh Solutions, a St. Petersburg-based publisher of cloud-based CRM solutions, has secured 37 million rubles (a little more than $1.1 million) from Imperious Group. The startup was valued at $6 million pre-money, East-West Digital News learned from the press service of Ingria, the major St. Petersburg technopark that incubates the startup. Founded in 2011, Fresh …

St. Petersburg CRM software startup Fresh Solutions raises $1.1 million to prepare international expansion Read More

3D technology from Nizhny Novgorod to prevent design data leaks

October 13, 2013

Ascon, an innovation company from Nizhny Novgorod in the mid-Volga area, has designed a new 3D technology that helps users prevent leaks of confidential design information at R&D companies. Ascon develops integrated solutions for design and engineering automation and production control. Rostech and Rosatom, two major Russian government-owned corporations, are in talks with the developer …

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E-book distributor LitRes raises $5 million from Russian Internet Technology Fund

October 11, 2013

LitRes, a leading online retailer of Russian language e-books, has raised $5 million from Russian Internet Technology Fund (RITF), a $50 million fund established earlier this year. The company’s valuation has not been disclosed, but the fund stated that it had received “a significant stake” in the company. With $7 million in sales in 2012, …

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US-Russian mobile data analytics startup Cinarra secures $4.5 million from Almaz Capital, Cisco

October 11, 2013

Cinarra Systems, a developer of mobile operator analytics and monetization technologies, announced yesterday a $4.5 million Series A round of “venture capital and strategic financing.” The round was led by Russia’s Almaz Capital, while Cisco and undisclosed individual investors also participated. Geoffrey Baehr, a general partner at Almaz Capital, will join the company’s board. Cinarra …

US-Russian mobile data analytics startup Cinarra secures $4.5 million from Almaz Capital, Cisco Read More

U.S.-Russia Innovation Corridor selects residents for startup initiative

October 9, 2013

WASHINGTON, D.C., October 8, 2013 — A total of 87 applicants from more than 30 cities across Russia sought to land one of just three residency openings in the U.S.-Russia Innovation Corridor (USRIC), a collaborative innovation initiative led by American Councils for International Education. Of the 12 finalists selected for interviews, two startups and one …

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JavaScript error tracker Qbaka raises $200,000 in seed-stage funding from Maxfield Capital and angel investor Igor Ryabenkiy

October 8, 2013

Last week Maxfield Capital, a Moscow-based $100 million venture fund, and Altair, the investment vehicle of serial business angel Igor Ryabenkiy, announced a seed-stage investment in Qbaka, an award-winning startup developing a solution to track JavaScript errors on web services. The round amounted to $200,000, but may be completed with other investors, Qbaka’s co-founder Andrey …

JavaScript error tracker Qbaka raises $200,000 in seed-stage funding from Maxfield Capital and angel investor Igor Ryabenkiy Read More

New $30 million fund expects 45% return rate; makes first investment in task outsourcing service Youdo.com

July 14, 2016

Former executives of Finam Global, the venture arm of leading Russian financial group Finam, have launched a $30 million high-tech fund to invest in “fast-growing markets of considerable size.” Christened ‘Flint Capital,’ the fund comes as the fifth sizeable one launched in Russia since the beginning of the year – after FRII, a $200 million …

New $30 million fund expects 45% return rate; makes first investment in task outsourcing service Youdo.com Read More

TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe”

October 4, 2013

Not only is Mrs Tigipko one of these exquisitely educated and beautiful ladies one can meet in Kiev, she also is an inexhaustible source of ideas and energy when it comes to innovation and venture activity. In a mere three years, she has transformed a Kiev event, IDCEE, into the international face of the East-European startup and venture scene. …

TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe” Read More

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