Moscow-based startup Workle, whose platform enables residents of Russia’s regions to work on a remote basis for leading companies, announced last week it has raised $3.5 million in its second round of funding. The investment came from Klever Internet Investment, the technology branch of a major Russian private investor, Klever Asset Management. Klever has also received the …
Remote working platform Workle raises $3.5 million Read More
Russia’s manufacturers, distributors and wholesalers can now experiment with online sales without investing in their own IT, payment, fulfillment or even online marketing capacities. A new specially-designed platform called TetraMall was launched last month to offer such clients a complete set of services for starting e-commerce activities “quickly and successfully.” The St. Petersburg-based company claims …
E-commerce platform TetraMall helps manufacturers, distributors go online Read More
Walkbase, a Finnish startup that has developed an innovative retail analytics solution, has received a seed capital injection from Russian and Scandinavian investors after four years of R&D. Neither the amount of the round nor the company’s valuation have been disclosed. The investors include Leonid Gluzman and Leonid Volkov, two Russian business angels, and Jan …
Russian angels invest in innovative Finnish online-offline retail analytics Read More
Around 58 percent of Americans with annual incomes of $25,000 or more are prepared to invest in early-stage startups, according to a U.S. crowdfunding industry study by EarlyIQ, Crowdfund Professional Association, and Crowdfund Capital Advisors. They are prepared to support two or three startups annually, by investing around $2,000 in each. Americans making in excess of $75,000 a …
Russian crowdfunding longs for legislation and trust Read More
Three major venture capital funds, Moscow-based Runa Capital and Almaz Capital as well as Kiev-based TA Venture, in conjunction with BIONIC Hill innovation park, Ukraine’s first innovation park, are joining forces to establish the Global Technology Foundation (GTF). Ukraine’s first grant fund specifically devoted to IT, the foundation will provide pre-seed stage grants and support for promising …
Almaz, Runa and TA Venture team up to establish Ukraine’s first IT-focused grant fund Read More
In an exchange with East-West Digital News, a top official of Virgin Connect has denied the rumors circulating in the Russian press that Virgin is shutting down its mobile projects in Russia. Virgin’s founder and chairman Richard Branson was reported to be “definitely upset with Russia” and his local company had supposedly dropped plans to …
Ivan Kochetov remembers a conversation he had with a female colleague after a hard day at work about a year ago. “It would be so much easier if everyone kept their promises,” the annoyed girl complained. “It would save so much time and nerves!” Ivan’s busy mind started drawing pictures of people making and keeping …
PromiseUP: Russian startup teaches how to keep promises Read More
Garpun, a Moscow-based startup that provides digital agencies and corporate advertisers with online ad management tools, has raised $3.5 million from the Russian PE & VC fund iTech Capital. The valuation of the startup has not been disclosed, but iTech Capital’s PR Director Victoria Gracheva told East-West Digital News that her fund usually maintains minority …
Advertising tech startup Garpun raises $3.5 million from iTech Capital Read More
People seeking to increase their business skills and knowledge now have a new way of accessing quality instruction without attending MBA classes at Stanford or INSEAD. Eduson.tv, a new e-learning service launched earlier this week by a team from Russia, provides courses from leading professors and expert guest lecturers – from London Business School Adjunct Professor …
E-learning startup launches internationally with $1 million in funding Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, has invested $350,000 in Graphicly, a US startup that helps publishers and self-published authors produce and distribute text and visual content on major digital publishing platforms. Graphicly’s self-service online toolset has been designed to reduce publishers’ go-to-market and ongoing costs. Once uploaded, Graphicly distributes the …
TMT Investments injects $350,000 into US e-publishing startup Read More
Heureka Conference, in partnership with East-West Digital News, invites Russian startup entrepreneurs and investors to Berlin on May 14 to be part of the most hands-on and educative networking conference for the digital economy in Germany, Europe and the global markets during the Berlin Web Week. For one day Heureka proudly lives up to its …
A group of e-commerce entrepreneurs from Rostov-on-Don in southern Russia has secured $300,000 in equity investment – including $200,000 from the Moscow Seed Fund and $100,000 from angel investor Andrei Golovin – to launch Sendmebox, a platform to help Russian online customers shopping on foreign sites. A few months before site launch, the deal valued …
Sendmebox.ru raises $300,000 to build cross-border marketplace Read More
