Moscow region entrepreneur Maxim Lagutin, 23, has come up with a powerful weapon against bureaucracy in Russia: his B-152 service independently processes and prepares companies’ personal data records of customers and staff for supervisory agencies. The service is offered for an annual fee of $250–1,600 and with an optional insurance policy. The service was named …
Moscow startup B-152 tackles personal data storage Read More
Surfingbird.ru, the first mover on Russia’s nascent web content discovery market, could become a victim of its own success, having attracted the hostile attention of global leader Stumbleupon.com. So far things have gone relatively well for Surfingbird. Launched in June 2011, the startup secured a $2.5 million series A round just a few months later, …
Russian startup Surfingbird accused of patent violation by US giant Stumbleupon Read More
Kima Ventures, the fund started by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, along with angel investors Fabrice Grinda, Jose Marin, and Alexander Aivazov, have teamed up to invest in Martmania, an online marketplace focused on trading “interesting and unusual things.” The details of the deal have not been disclosed, but a source …
RVC USA, the Boston-based representative office of the Russian state-owned fund of funds RVC, is considering raising a new venture fund to back US startups with connections to Russia and help Russian startups enter the US market. While the Russian government might bring in $20 million of that amount – which remains to be confirmed – …
RVC USA teams up with US VCs to support Russian and US startups Read More
In its pursuit of leadership in the Russian online travel market, online hotel booking service Ostrovok.ru has raised $25 million – its fourth fundraising operation in less than two years. General Catalyst Partners has led the round, with participation from Accel Partners and Russia’s Frontier Ventures as well as from Russian billionaire Yuri Milner, ex-Expedia …
Online hotel booking service Ostrovok.ru raises $25 million amid fierce competition Read More
Intersoft Eurasia, a Moscow-based startup developing a smartphone-compatible dosimeter-radiometer, has announced new partnerships with two Japanese companies, Honda Electronics and Nisso Boeki, for manufacturing and marketing its product. The partners are expected to jointly set up shop and start selling the dosimeter-radiometer, christened Do-Ra, in Japan and across the globe.
Blabroom, a resident company of the St. Petersburg-based technopark and incubator Ingria, has completed a seed stage round from Imperious Group, which has injected 6 million rubles (approximately $200,000) into the startup in exchange for a 20% stake. Blabroom’s site has been designed to help shy people establish their first contacts with other members of …
St. Petersburg startup secures $200,000 to turn shy people into online daters Read More
Tucked away some 700 km east of Moscow in Ulyanovsk, the city of Lenin’s birth, the three-year-old startup Ecwid stands as a global leader in micro e-commerce, with over 270,000 registered merchants in 174 countries. Its cloud-based shopping widget can be embedded into any webpage, blog, or page on Facebook, where Ecwid serves more than …
Runa Capital, a Moscow-based, $135 million tech fund operating internationally, has led a $2 million investment round in BackupAgent, with existing investor Solid Ventures also participating in the round. The company has yielded a minority stake in the transaction which was announced this morning. A major provider of cloud backup solutions, BackupAgent is headquartered in …
Russia’s Runa Capital leads investment round in Dutch cloud backup provider Read More
Oktogo.ru, a leading Russian online hotel booking company, has attracted $11 million in its fourth round of financing since its inception in 2010. The funds have been brought in by Russian entrepreneur Victor Sazhin in addition to some of the startup’s existing investors. These include Luxembourg’s Mangrove Capital Partners, France’s Ventech, and VTB Capital, the …
Last week, Ponominalu.ru, a Moscow-based online provider of show tickets, announced the completion of its first round of financing, securing $1.5 million from Buran Venture Capital at an undisclosed valuation. Ponominalu.ru is expected to use the investment capital to beef up its team, explore further regional opportunities, and offer the events ticket market in Russia its …
Buran invests in Russia’s nascent online ticketing market Read More
This Monday, a group of select innovation experts and mentors is starting a six-week-long road show through 15 Russian cities – from Rostov-upon-Don, to Astrakhan, to Tomsk, to Vladivostok in the Far East – aiming to meet thousands of local startup entrepreneurs, innovators, and representatives of technoparks. In each city, the program consists of presentations, …
Government-sponsored startup tour to bring innovation expertise to 15 Russian cities Read More
