Startups

Mebelrama.ru attracts $10 million from Rocket Internet as competition tightens

December 14, 2012

Last October Germany’s giant startup incubator Rocket Internet invested $10 million in its portfolio company Mebelrama.ru, a Russian online furniture retailer. The transaction was revealed only this past Friday by Mebelrama co-founder Manuella Stoll in an interview with Russian business daily Kommersant. The investment will help Mebelrama enlarge its assortment, move to a new warehouse, …

Mebelrama.ru attracts $10 million from Rocket Internet as competition tightens Read More

Forty-four Russian startups highlighted at TechCrunch Moscow

December 13, 2012

Attracting an array tech investors, startup entrepreneurs, and professionals from Russia and abroad, the annual TechCrunch Moscow conference took place for the third time on December 9 and 10 in Digital October, a major venue for tech events and educational programs. This year’s topic was ‘War and Peace,’ with 44 projects involved, representing a variety of …

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Fastlane secures $13 million from Kazakhstani investor; celebrates first exits while conceding failures

December 12, 2012

Fastlane Ventures, one of the most active investors on the Russian Internet scene, has secured $13 million from Kenges Rakishev, a prominent businessman from Kazakhstan. Rakishev will be joining Fastlane Ventures’ board of directors, along with existing strategic investors VTB Capital, Direct Group, and e.ventures. Rakishev already serves as chairman of the boards of directors …

Fastlane secures $13 million from Kazakhstani investor; celebrates first exits while conceding failures Read More

Square-like startup Life-Pay raises $2.6 million from Life.Sreda

December 11, 2012

Life-Pay, a startup that is developing smartphone-based bank card payment terminals, has secured $2.6 million from Life.Sreda at an undisclosed valuation. The news was reported yesterday by Unova.ru, a website covering startup and venture news. The funds will be used to reinforce the startup’s team, develop new products and penetrate new markets in the former …

Square-like startup Life-Pay raises $2.6 million from Life.Sreda Read More

RBTH features Russia’s best startups and new rating

December 10, 2012

Russia Beyond the Headlines (RBTH), together with Digital October and PricewaterhouseCoopers’s Center for Technology and Innovation in Russia, has introduced their Russian Startup Rating. The goal of the Russian Startup Rating is to provide an objective assessment of the development level and dynamics of young technology companies established in Russia. The role of RBTH is …

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How to invest in Russian startups: An investor’s guide

December 10, 2012

This article is published in partnership with Russia Beyond The Headlines, an international source of political, business and cultural news and analysis. As a new generation of startup entrepreneurs is emerging in Russia, the local startup scene tends to look more and more like its American, European and Asian counterparts. The stereotype of innovative Russian boffins …

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WebReady attracts startups from 13 countries to St. Petersburg, rewards JavaScript mistake monitoring and iPad app startups

December 8, 2012

WebReady, a contest organized by Ingria, a St. Petersburg-based technopark, took place in St. Petersburg last week. One of the Russian startup scene’s most notable competitions, the event included a startup exhibition, elevator pitches, conferences, and a Venture Capitalist Corner as well as a variety of other networking opportunities. Featuring Internet and mobile sections for …

WebReady attracts startups from 13 countries to St. Petersburg, rewards JavaScript mistake monitoring and iPad app startups Read More

KupiKupon launches discount search engine

December 4, 2012

KupiKupon, one of Russia’s leading daily deal sites, is launching ‘KupiKupon Poisk,’ a web interface that displays discounts, bonuses and other special offers that have been made available by third parties in a dozen Russian cities. As much as $3 million has already been invested in the project, the company’s General Manager Komil Ruzaev revealed …

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German auction site secures $2.5 million from Russia’s Bright Capital

December 3, 2012

Bright Capital Digital has injected $2.5 million into Auctionata, a German online auction site specializing in antiquarian items. The news was reported by Russian business daily Kommersant, based on an exchange last week with Bright Capital Investment Director Vadim Tarasov. Established in 2011, Auctionata claims to feature “the first live auction in the history of …

German auction site secures $2.5 million from Russia’s Bright Capital Read More

Evernote raises $85 million with “no exit strategy”

December 1, 2012

Evernote, a California-headquatered company founded by a Russian-American team in 2007, has just completed a $85 million round, CEO Phil Libin announced on his blog yesterday. The round was led by London-based AGC Equity Partners/m8 Capital with participation from Valiant Capital Partners and existing investors. Seventy five percent of this money comes in the form of …

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Eighteen Russian and Western business angels invest $700,000 in innovative online printing technology

November 28, 2012

Printio.ru, a Moscow-based startup offering personalized printing services, has just raised $700,000 from a total of 18 Russian and Western business angels. The terms of the deal have not been disclosed, but Printio’s co-founder Aleksandr Shamis told East-West Digital News that the founders got a “good valuation” and have kept a controlling stake. Launched officially …

Eighteen Russian and Western business angels invest $700,000 in innovative online printing technology Read More

New seed fund helps startups “change the way cars are sold and serviced”

November 23, 2012

While venture funds are springing up in Moscow, one small fund in particular should not go unnoticed. Established just two months ago, Cloud4Auto focuses specifically on automotive technologies – a unique case in the world, the Chairman of the fund’s Supervisory Board, Innokenty Belotsky, told East West Digital News. “Cars are a very important part …

New seed fund helps startups “change the way cars are sold and serviced” Read More

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