Russia’s first ever charity social network launched earlier this month to enable handicapped children in Siberia’s Tomsk region to publish blogs and charities across the world to donate online for the kids’ treatment, the five-year-old regional Ordinary Miracle charity fund for children announced. Elena Makarova, the fund’s president, said at a press conference at RIA …
Siberian children’s fund launches online charity network Read More
IQcard, a Moscow-based startup offering multifunction bank cards, has raised “more than $2.5 million” in a Series A round from Paradigm Investments and TA Venture, as well as from existing investors Fastlane Ventures and Direct Group. Neither the exact amount of investment nor the startup’s valuation were disclosed. Launched in March 2012, IQcard offers a prepaid bank …
Smart bank card provider IQcard raises $2.5 million from Russian and Ukrainian funds Read More
Seventeen-year-old Kirill Chekanov has created a start-up which he called “Twitter for investors.” The project, which is still beta testing and seeking both new investors and a customer base, is competing in a narrow niche. Chekanov claims Hippflow steps up investor communications, while critics say it allows investors to publically transmit what they prefer to exchange …
The invest abroad trend among Russian financial institutions was demonstrated again last week by a capital injection of “several million euros” in Wine in Black, a German premium wine online retailer. The round was led by Russia’s Bright Capital Digital with existing investors – e.ventures (Hamburg), Passion Capital (London) and Project A (Berlin) – also participating “significantly.” Wine …
Russia’s Bright Capital leads investment round in German wine online retailer Read More
Last week the Moscow Seed Fund, Moscow City’s venture investment arm, announced an investment of an undisclosed amount in Alytics, a startup developing contextual ad solutions “to optimize conversion rates and save on advertising budgets.” Igor Ryabenkiy, one of the twelve partnering investors that the municipal fund picked up last year, also took part in the …
Moscow Seed Fund and angel investor Igor Ryabenkiy back contextual ad solution provider Read More
Ru-Net, a Russian tech fund with headquarters in Moscow and New York, has shelled out $6 million to buy a 25% stake in Esky.ru, an online retailer of children’s goods, the Russian business daily Kommersant reported earlier this week, citing two unnamed sources “with knowledge of the deal.” One of the sources told Kommersant that …
E-commerce site Esky.ru secures $6 million from Ru-Net Read More
Last month Moscow-based fashion retailer Trends Brands announced it had raised $4 million in a Series B round. The amount includes $3 million from French venture fund Ventech and $1 million from Ru-Net and Kite Ventures, two Russian funds operating internationally, a source close to the deal told East-West Digital News. Ru-Net and Kite Ventures had …
uBank, a mobile payment startup launched in late 2011, announced earlier this week an $8 million capital injection – its first round of funding – from Runa Capital, a Moscow-based venture fund that operates internationally. uBank’s valuation has not been disclosed, but its CMO Evgeniy Kozlov told East-West Digital News that the founders have kept a …
Brilliant mobile payment startup raises $8 million but faces many unknowns Read More
Workle, a Moscow-based startup, is developing an Internet platform that enables residents of Russia’s regions to work for leading banks, insurance and tourism companies on a remote basis. The award-winning startup has plans to serve up to 500,000 Russian residents this year – a five-fold increase from its 2012 results, said Vladimir Gorbunov, the CEO of Workle.
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week that it has invested $1 million in mobile advertising network Adinch in exchange for a 20% stake. Adinch has developed a “universal self-service mobile advertising platform,” enabling advertisers to organize campaigns on iOS and Android mobile devices and developers to monetize their mobile …
Russian mobile advertising startup raises $1 million to go global Read More
Virool, a San Francisco-based startup founded in 2011 by a Russian team, has announced that it raised $6.62 million from leading venture funds and business angels. The operation actually took place several months ago, two sources close to the deal told East-West Digital News, but was announced only last week. A Y-Combinator graduate, Virool defines itself as …
Social video platform Virool raises giant $6.62 million seed round Read More
In a bid to spruce up its ever-growing project portfolio, the Skolkovo Foundation has leaked to the press its plans to weed out ‘bad’ residents. In an exchange with the Russian business daily Vedomosti, Alexei Beltyukov, Skolkovo’s senior vice president for development and commercialization, said that the Foundation, which runs the state-sponsored Skolkovo innovation hub …
Skolkovo to scrutinize its resident companies and remove tricksters Read More
