Moscow-based e-learning startup YaKlass has announced that it has secured a seed funding round from Latvia’s Data Pro Group, Russia’s Vesna Investment and entrepreneur Nikita Khalyavin, CNews.ru revealed last week. The amount of the investment has not been disclosed, but CEO Valeriy Nikitin told East-West Digital News that it valued YaKlass at $2 million.
The Grishin Robotics investment company, established by Mail.ru Group CEO Dmitry Grishin, announced yesterday that it has invested $500,000 in Swivl, a robotic video platform for iOS devices. This funding round brings the total capital attracted by Swivl to $1.625 million. California-based Swivl produces robotic docks compatible with the iPhone and iPad that can play …
Grishin Robotics invests $500,000 in Swivl video docking station Read More
Landing in a very young, yet already competitive market, the Berlin-headquartered startup SumUp has just announced its launch in Russia. Like its US model, Square, and its Russian competitors, 2can, iPay, Pay-me and SellbyCell, SumUp empowers merchants to accept debit and credit card payments with their mobile devices. Its portable card reader comes with an …
Western mobile payment startup SumUp teams up with Svyaznoy to compete in Russian market Read More
Balakam, a Russian company which launched a search engine for media content two years ago, has just released the beta version of its new project, christened FindStream. The service monitors more than 27,000 Internet radio stations every two minutes, providing users with data on track popularity and emerging trends in the music industry. The service …
Music analysis startup FindStream monitors 27,000 Internet radio stations Read More
Russian iPhone users can now experiment with social banking – an entirely new concept in the country – with an app launched last month by Instabank, a Moscow-based startup. The iPhone app allows clients to transfer money to Facebook friends who also use Instabank, get notifications of new account activity, and add geotags and photos …
Gvidi, a mobile app dedicated to restaurants, cafés and bars across Russia and neighboring countries, won the Best Idea award earlier this week in an Android developer contest organized by Tactrick Mobile Solutions. The prize for the winner in this category is “support for the development of the product in question and its further development …
Restaurant social app Gvidi wins Best Idea award in Tactrick Android Developer Cup Read More
Yandex’s new startup accelerator, Tolstoy Summer Camp, opens for young entrepreneurs and internet specialists who would like to learn how to start their own startup. The program will bring together young web developers, UI designers and project managers with an idea, but without resources to implement it and present it to investors. We also welcome …
Yandex announces its summer school for startups – Tolstoy Summer Camp Read More
After visiting Kaliningrad, Nizhny Novgorod (Russia), and Almaty (Kazakhstan), HackDay#27 is coming back to Saint-Petersburg on May 24-26. The event will offer a chance to build a team, attend learning sessions, develop a prototype and present it to the city’s IT community as well as to investors and industry experts. All that in just 48 hours – with …
St. Petersburg’s HackDay: Build a team and develop a prototype in 48 hours! Read More
Russian game publisher Game Insight has been in the news over the last year for having opened an office in San Francisco, reached sales of $90 million and made the Forbes’ list of top 30 most successful Russian web companies. The company develops free apps for iOs, Android, Facebook and VKontakte. In this interview with Russia …
Belorussia’s Wargaming.net, famous for its massive multiplayer online (MMO) game World of Tanks, has posted $287 million in revenue during 2012, the Russian business daily Vedomosti reported on Tuesday. The company’s net income reached about $8 million. World of Tanks is a free-to-play MMO game, where users control different tanks and can pay a fee …
Belorussian publisher of ‘World of Tanks’ posted $287 million revenue in 2012 Read More
SocialMart, a two-year-old Russian product recommendation service for social networks, raised an as yet unspecified amount of investment in late April from Moscow Seed Fund, Moscow City’s venture arm, and Igor Ryabenkiy, a serial Russian angel investor. Ryabenkiy already backed the Moscow-based startup last fall in SocialMart’s seed round. That investment helped the company further …
Moscow Seed Fund and Igor Ryabenkiy invest in social shopping advisor Read More
Held last week in Moscow and Kazan, Tatarstan, the 2013 edition of the Russian Tech Tour offered yet another illustration of the growing appeal of the Russian tech scene to venture capitalists. Not only did more than 70 Western and Russian businessmen visit some of the Russian capital’s hottest tech spots, from Skolkovo to Digital October, they …
