Startups

Russian gamedev startup Playtox secures $3 million from Runa Capital

October 6, 2016

Last week Runa Capital, a Moscow-based, $135 million tech fund that operates internationally, closed a $3 million funding deal with Playtox, a software developer and publisher that specializes in free-to-play mobile browser games. As a result of the series A financing round, Runa Capital has purchased an undisclosed minority stake in Playtox. Founded in 2010, …

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Microsoft Seed Fund backs app development and genetic diagnostics

November 19, 2014

Last week, the Microsoft Russia Seed Fund announced it has disbursed another $160,000 to support Russian startups developing IT projects. A $60,000 grant went to Appercode from Siberia’s Novosibirsk. The Appercode team pushes a solution that would enable application developers and systems integrators to create .NET/C#-based cross-platform mobile apps. The product is believed to reduce …

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Four Russian tech startups join MassChallenge’s best and brightest

November 19, 2014

Late last month, MassChallenge, a nonprofit organization that runs a $1 million annual global startup competition, hand-picked 128 first-round winners to join its 2013 Accelerator Program. RVC-USA, the Boston-based representative office of Russian government-owned RVC and a two-time platinum sponsor of the MassChallenge competition, announced last week that four Russian startups had made it to …

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Beta Week: A beacon of networking between Russian and US tech entrepreneurs and investors

June 6, 2013

On June 22nd, a team of entrepreneurs from New York is bringing a one-of-a-kind invite-only tech conference to Moscow. The event that promises to become a beacon of networking between Russian and American founders will be attended by 100 hand-selected members of the Russian tech elite – noteworthy startups, investors and media representatives. Beta Week will …

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Facebook for grandmothers

June 5, 2013

McKinsey consultant Ivan Osadchiy once took a trip to New York – at the same time as his seventy-year-old father went into hospital in Moscow. “I couldn’t help my dad to keep in touch with the family, or give him any support”, Ivan recalls. Osadchiy’s father had no way of reaching him either by Skype …

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From IT to cleantech to biotechnology, new edition of BIT contest elicits innovation across Russia

November 12, 2020

BIT Contest, the largest tech contest in Russia and its neighboring countries, is holding its 10th edition this year with a richer and more international format. Inspired by the MIT $100K competition, BIT contests — short for Business of Innovative Technologies — were organized for the first time in 2003 within Russia’s most prestigious business …

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Online ad management startup CPAExchange secures seed funding on a highly competitive market

May 31, 2013

Prostor Capital announced yesterday that it has purchased a 25% stake in online ad management startup CPAExchange in a seed funding round. Neither the exact amount of the investment nor the company’s valuation have been disclosed. Founded in 2012, CPAExchange is a service that allows customers to place and manage advertisements online using the click-per-action …

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Mail.Ru Group invests $1.5m in visual search provider Cortiсa

May 29, 2013

Leading Russian Internet group Mail.Ru Group announced yesterday that it has poured $1.5 million into the Israeli visual search developer Cortica. The funding is part of a larger round led by other undisclosed investors; it brings the total amount attracted by Cortica to more than $12.5 million. The investment in Cortica allows Mail.Ru Group to …

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HSE Incubator presents the Iron Entrepreneurs

May 29, 2013

HSE Inc., the startup incubator of Moscow’s Higher School of Economics, has concluded the 2012-2013 season of its Iron Entrepreneur business game for aspiring entrepreneurs from Russia, Ukraine, Belarus, and Kazakhstan. In the finals, 91 participants had two days to develop business solutions based on Qmodule, a wireless technology that allows users to control different objects. …

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HSE-backed startup Hiconversion lands $300,000 in funding

May 28, 2013

Moscow-based social network advertising platform Hiconversion announced last week that it has received about 9.1 million rubles (almost $300,000) in seed funding from serial angel investor Igor Ryabenkiy and the Moscow Seed Fund, Moscow City’s venture investment arm. Ryabenkiy contributed some 3 million rubles, while the fund provided the other 6 million. The company’s total …

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