IBM and RVC, the Russian state-owned fund of funds dedicated to innovation, announced on Monday that they will cooperate to develop the country’s innovation ecosystem. In particular, with RVC’s help, the US IT giant will make available its Global Entrepreneur Program to Russian IT startup entrepreneurs, who may benefit from gaining free access to IBM’s …
IBM teams up with RVC to support startup innovation in Russia Read More
Startup-Afisha, an online resource for Russian startups that has thus far focused on the domestic market, yesterday announced a decisive shift to address a global audience. Slated for launch next month, its startup database RusBase will “provide Russian IT startups with access to leading Western funds” and “link Russian funds to international partners for co-investment.” …
Startup-Afisha goes global with English-language Russian startup database Read More
Once a remote hinterland in terms of foreign investment, Russia is now emerging as a hot destination for investors looking for a slice of the action on the digital frontier. The recent Landing Page conference organised by Digital October Center for Geeks on a Plane (GOAP) participants, Russian VCs and entrepreneurs was a perfect example …
As major online booking sites deploy millions of venture dollars in a fight for leadership, a startup founded just three months ago is bringing a fresh concept to the Russian online travel market. iknow.travel collects, supports and encourages primary social networking among travelers. Users can discover interesting destinations based on the actual traveling experiences and …
Russian Internet users experiment with social traveling Read More
Runa Capital, a Moscow-based fund operating internationally, announced earlier this week that it has invested $1.2 million in Domosite.ru, a Russian startup that develops solutions for utility services management companies. The terms of the deal were not disclosed. Domosite.ru addresses a market of approximately 30 million households in Russia. Its solutions are intended for the …
Utility services management startup secures $1.2 million from Runa Capital Read More
Bright Capital, the international venture investment arm of Russian billionaire Mikhail Abyzov, has invested “from $3.5 million to $4 million” in exchange for a minority stake in Fotoshkola.net, RBC Daily reported earlier this week, citing unnamed sources in the venture industry. When contacted by East-West Digital News, however, Bright Capital declined to confirm the figure …
Bright Capital funds fotoshkola.net for international expansion Read More
Russian venture fund Aurora Venture Capital has invested 30 million rubles, or a little less than $1 million, in Apartama.ru, a Moscow-based online retailer of furniture, house appliances and interior design items. The deal was reported yesterday by Russian news agency RIA Novosti, citing Aurora’s Managing partner Vsevolod Topolyansky. The terms of the transacton were …
Aurora invests $1 million in 3D interior design startup Read More
As the Moscow startup ecosystem has grown ever more fertile and dynamic, the Skolkovo School of Management has launched Startup Academy, a two-month part-time program combining practical entrepreneurial education with an international acceleration program. Startup Academy is intended for entrepreneurs or corporate managers who feel they need more knowledge to launch or support their companies. …
Skolkovo business school gives international acceleration to Russian startup entrepreneurs Read More
Igor Matsanyuk, a prominent figure in the Russian Internet and online game industry, and now the owner of Imi.vc, a Russian venture capital firm that funds innovative mobile apps, has invested $4 million in Narr8, Russian IT portal CNews.ru reported last week. Founded by former Mail.ru VP Alexander Vashchenko, Narr8 is a producer of comic book-based …
Narr8 raises $4 million to animate Russian and US tablets Read More
Leta Capital announced last week it has invested $600,000 in Redhelper, a provider of SaaS solutions for online customer service and behavioral data analysis for e-commerce sites. The transaction valued the company at “more than $2 million,” Leta announced. The startup was founded just one year ago by three classmates from the technical deparment of …
E-commerce SaaS solution developer secures $600,000 from Leta Capital Read More
This week, the Russian startup scene has witnessed the launch of a new concept that could potentially target half a billion users around the world: Twistock.com, a site that transforms Twitter social influence into virtual stock value and ultimately material value. Upon registration, Twistock users receive a certain amount of virtual money, or starting capital, …
Singapore-funded Russian startup turns Twitter accounts into stock exchange value Read More
Station X, a Silicon Valley based developer of software for scientific and clinical genome research, has just raised $5 million in its second funding round led by Runa Capital, a Russian early stage VC fund. The two-year-old US start-up, which focuses on genome data analysis and visualization for clinical and research apps, is expected to …
With Runa Capital’s $5 million, US’ Station X poised to “crack genetic code” Read More
