Startups

Two-for-one: Digital October, Greenfield Project and RVC present new startup rating

June 29, 2013

Earlier this month Digital October, Greenfield Project, and RVC, the Russian government’s fund of funds for innovation, presented a new Russian Startup Rating (RSR). The startups are classified according to their investment attractiveness, ranging from AAA (the highest) to D (the lowest). At present, only eight startups have received the highest rank: AlterGeo, DaOffice, EasyFamilyApps, …

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Package tour reseller Travelata.ru secures $5 million investment from Poland’s MCI

June 28, 2013

Moscow-based startup Travelata.ru has just raised $5 million in a Series A round from Polish private equity fund MCI Management. The capital injection went through Invia.cz, one of MCI’s portfolio companies, which sells package tours online in the Czech Republic and four other Eastern and Central European countries. The funding will be used to further …

Package tour reseller Travelata.ru secures $5 million investment from Poland’s MCI Read More

Moscow startup FoodRock Menus launches SaaS platform for restaurant industry

June 27, 2013

FoodRock Menus, a B2B2C startup founded in Moscow by a British expat with a Russian partner, has just launched its first products, testing the waters of the SaaS market for Russia’s restaurant industry. Offered under a freemium model, the company’s “Live Menus” software enables restaurants to manage their online menus from a single place and …

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Global marketplace for startup investing and funding open to Russian players

June 25, 2013

Willemstad – Startup Stock Exchange (SSX), a global, regulated marketplace for startup investing and funding, was launched on June 10th and is now open for Russian investors and Russian startups. On SSX, investors of any level buy ownership shares of vetted startup companies. Shares trade freely on the exchange, providing a liquid market. Investors can buy …

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St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing

November 19, 2014

Earlier this month, Radario.ru, a St. Petersburg-based e-ticketing service for music and entertainment events, closed a $1.2 million investment deal with undisclosed investors in its second round of funding, bringing its total investment since inception to $1.4 million. Daria Semenova, a spokesperson for Radario, explained to East-West Digital News that the startup’s post-investment valuation is …

St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing Read More

Ostrovok.ru cuts a third of its staff “to make the company profitable and attract more investments”

June 18, 2013

Russian hotel booking service Ostrovok.ru, which has been generously funded by Western and Russian investors since its launch in 2010, has laid off about a third of its staff in order to optimize operations and secure more investments. The company’s co-founder Serge Faguet made the move public in a corporate blog post published yesterday in …

Ostrovok.ru cuts a third of its staff “to make the company profitable and attract more investments” Read More

Yandex offers €150,000 grant to Germany-based Wikidata to fine-tune its algorithm with “huge body of data”

June 17, 2013

Earlier this month, Russian search giant Yandex announced that it has provided a €150,000 grant to Wikidata, a non-profit organization that is developing a knowledge database with structured information obtained from Wikipedia articles. Launched in October 2012 by Wikimedia Deutschland, Wikidata is creating a huge database about different objects, people, things, and phenomena, and how …

Yandex offers €150,000 grant to Germany-based Wikidata to fine-tune its algorithm with “huge body of data” Read More

In Moscow, DEMO Europe searches for a new star on the Russian start-up scene

June 14, 2013

Demo Europe, a major start-up and venture conference, took place at Moscow’s Digital October center last week. On June 3 and 4, Russian start-ups presented their projects while venture capitalists listened. All the while, journalists from major Russian and world media outlets followed the presentations with attention, looking for future stars. What did they notice? Here some …

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SaaS startup ITMan attracts investment from Softline and Moscow Seed Fund

June 13, 2013

Russian tech fund Softline Venture Partners and the Moscow Seed Fund announced last week that they have closed a funding deal with ITMan, a startup providing SMB companies with SaaS (software as a service) solutions to control IT assets. While neither the amount of the investment nor the stake the investors have acquired in ITMan have been …

SaaS startup ITMan attracts investment from Softline and Moscow Seed Fund Read More

St. Petersburg startups pitch customer-oriented solutions for bankers

November 19, 2014

As Russia’s banking sector seeks new, customer-focused strategies to win over clients in an increasingly competitive market, Russian startups are close at hand and ready to support such strategies with an array of advanced IT solutions. In St. Petersburg on May 31st, eighteen startups, all residents of the Ingria business incubator, made a series of …

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Lamoda.ru secures $130 million from Western funds

April 21, 2017

Lamoda.ru, one of Russia’s four leading online fashion retailers, has just secured $130 million from Access Industries, Summit Partners and Tengelmann. The transaction marks the most significant investment volume in the history of Russian e-commerce, topping a $100 million funding deal completed in September 2011 for Ozon.ru. Lamoda offers more than 1,000,000 products and 800 international brands. It …

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Russian social marketing startup Flocktory raises $1.5 million from new Russian tech fund

June 11, 2013

Moscow-based social startup Flocktory announced last week that it has landed a $1.5 million Series A funding round from Digital Ventures, a new Russian venture fund, which has obtained a minority stake in the company. The main product that Flocktory is working on is a SaaS platform, which allows e-commerce companies to target the most …

Russian social marketing startup Flocktory raises $1.5 million from new Russian tech fund Read More

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