QRGL, a startup established in Russia’s third largest city Ekaterinburg in the Ural mountains, secured $1 million from Veles Capital, a Moscow asset management company, regional portal 66.ru reported last week. Veles Capital will receive a two-third stake in the company. Founded in April 2010 by Pavel Medvedev, QRGL has developed an anti-counterfeit technology that …
Last week, Lokata.ru, a startup driving Internet and mobile users to offline stores, completed a new round of financing from German-American venture fund E.Ventures (formerly known as E-Ventures Capital Partners) and Bonial International Group, a German company which has developed similar projects in several European countries. The terms of the deal have not been disclosed. …
Lokata.ru secures new funding from E.Ventures and Bonial Read More
GetGoing.com, a San Francisco-based startup that offers a new approach to booking discounted air tickets, announced earlier this week that it has completed its second round of financing from prominent individual investors and funds. Neither the amount of the round nor the company’s valuation were disclosed. The investors include Yury Milner and his international fund …
Startup Genome recently published research on the most active start-up ecosystems around the world. It listed Moscow as #10. It’s great to see Russia’s largest city rocket into this spot, given that in 2001 less than $100 million/year was invested in Russian seed and early stage tech vs. billions of dollars of private equity money …
Last week, AlterGeo came as the only startup from Russia and neighboring countries to be selected among the 30 finalists of the White Bull European innovation championship. “The applicants were incredibly strong this year. We’ve carefully selected this year’s finalists based on business proposition, market strategy, technological solutions and understanding of customer needs,” said White Bull …
Onetwotrip.com, a rising star in the Russian online travel market, has just raised approximately $9 million from Phenomen Ventures, yielding a minority stake to the fund. The startup’s valuation has not been disclosed, but the Russian business daily Kommersant reported it might have been in the range of $70 million. Onetwotrip was launched in May …
Air ticket booking site Onetwotrip secures $9 million from Phenomen Ventures Read More
Moe Izdanie, a Russian print-on-demand startup that launched less than one year ago under the Albooka brand, has announced plans to expand to EU countries through a partnership with DigiFoto, a leading German photo service company. Albooka mixes social networking, online editing, and print-on-demand services. Users can layout and edit virtual books and photo albums …
Russian print-on-demand startup teams up with Germany’s DigiFoto for European expansion Read More
Runa Capital, a Moscow-based international venture fund, has invested $5 million in the educational startup at an undisclosed valuation. Dnevnik.ru was established in 2007 as a free, nationwide school network. The site currently serves 21,000 Russian and Ukrainian schools, attracting over 4 million pupils, parents, teachers, and school administrators – up 1 million in the …
Social educational network Dnevnik.ru raises $5 million for international expansion Read More
Yesterday, Lamoda.ru, a major online fashion retailer, announced it has received an investment from J.P. Morgan Asset Management. Lamoda did not disclose the amount of this investment, nor its valuation. The capital injection amounted to somewhere between $40 million and $80 million, East-West Digital News learned from a source close to the company, making the …
Pruffi.ru, a headhunting agency that uses social networks to identify and hire professionals for the Russian Internet industry, has raised $1.2 million from Almaz Capital, a leading Russian venture fund. Almaz received a stake of “just under 30%,” Pruffi founder Alena Vladimirskaya told East-West Digital News. The funds will be used partly for international expansion, …
Social recruiting agency Pruffi.ru secures $1.2 million investment from Almaz Capital Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced yesterday a $400,000 investment in Virool. The Russian-American startup is developing a self-service video platform enabling video creators to target audiences across a network of online publishers, blogs, social games and mobile applications. The startup also offers an application that makes it easy for publishers …
Self-service video platform Virool secures $400,000 from TMT Investments Read More
Six projects have won the “Startup-Sabantuy!” contest organized by Kazan’s IT-Park and the venture fund Runa Capital. Two thousand participants from 13 cities of the Volga Federal District presented 130 projects in an “elevator pitch” format. Thirty selected projects then took part in the next stage – a five-day Startup Camp that included business training …
Tatarstan startup contest sees six winners; government grants issued Read More
