Yesterday, RVC, the state-owned fund of funds dedicated to innovation, announced a new program to complement business angel investment in Russian startups at very early stages. The fund’s co-investment will amount to up to 3 million rubles (approximately $100,000), covering from 25% to 75% of the rounds of funding. Business angels are eligible to submit co-investment …
State-owned fund to complement business angel financing Read More
Investors now have a new instrument to identify and assess startups: the Russian Startup Index (RSI), which was tested for the first time last week at the Open Innovations international forum in Moscow. The index rates each startup with a combination of letters, from “AAA” (most attractive) to “D” (expected to fail), in a way …
New rating helps investors identify Russia’s best startups Read More
ClipClock, a Russian video sharing startup, announced yesterday a $2.5 million funding by Runa Capital, a Moscow-based venture fund operating internationally. The investment will be used to develop advanced functionalities, increase the startup’s user base, and prepare global expansion.
Last week, Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, and Foodik.ru, announced a merger agreement aiming to “compete for leadership on the Russian market” and “access new international growth opportunities.” The merged company will operate under the Foodik brand, allowing Delivero.ru customers to access Russian restaurants through Foodik’s …
Germany’s Delivery Hero and Russia’s Foodik announce merger Read More
Softline Venture Partners told East-West Digital News that it has just invested $500,000 in Apps4all, a company that carries a community of Russian mobile app developers with a variety of media, event, training, research and advertising activities. The terms of the deal were not disclosed. A $20 million fund, Softline Venture Partners is the venture …
Softline Venture Partners invests in mobile app developer community Read More
Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also known in Russian as RII-board – has enjoyed the support of RVC and Rusnano, two state-owned organizations …
Ninety startups trade shares electronically through IPO Board Read More
Once again this year, the annual IDCEE conference held in Kiev on October 18th and 19th attracted an impressive array of Internet oriented investors, startup entrepreneurs, and professionals of all kinds from far beyond Ukraine and the neighboring countries (see videos). A rare phenomenon in such events, investors – coming from all parts of Europe …
Kiev’s IDCEE attracts investors from USA to India; Russian startups win top prizes Read More
Onetwotrip.com, a Russian air ticket booking site launched less than 18 months ago, announced last week that it has received a $16 million capital injection from international venture fund Atomico. The funding comes as a complement to the $9 million invested last month by Phenomen Ventures, a fund established earlier this year by Russian tech …
In partnership with East-West Digital News, Midem, the leading international b2b event dedicated to the new music and entertainment ecosystems, cordially invites Russian startups to midemlab. This major startup and app developer competition will take place in Cannes, France, from Jan. 26 to 29 of next year. If you have built a solution that will help music executives, …
Looking for a fitness instructor, plumber, or hairdresser? Need an appointment with a doctor or want to hire a performer? You will probably find the professional or small business you need using one of the eight service marketplaces of Eruditor, a startup that claims to have served 300,000 users since its launch in 2007. “Eruditor’s …
Intel Capital and Runa Capital invest $4 million in personal service aggregator Eruditor Read More
Russian HORECA software publisher iiko has finally secured the funds it had been seeking for nearly one year. The funds have been provided by Russian tech fund Leader Innovations, Russian business daily Vedomosti reported on Monday, citing the iiko’s General Director Roman Abramov. The $10 million investment will be released in two tranches, including $6 …
Restaurant software publisher iiko raises $6 million for international expansion Read More
Shopping platform ShoppingPlus, a copycat of Germany’s KaufDA and a competitor of Lokata.ru on the Russian market, is experimenting with connected TV, having made its service available to users of LG’s Smart TV. Just like Lokata.ru, ShoppingPlus shows the products currently sold in stores and their prices, as well as special offers. It also lists …
ShoppingPlus teams up with LG for Smart TV shopping Read More
