Startups

Jena Wuu of Plug and Play: “Russia looked like too big an animal. But we came to appreciate it in terms of opportunities and talents.”

July 30, 2012

The Sunnyvale, California headquartered Plug and Play Tech Center officially opened its Moscow branch last month in partnership with GVA, a venture investment company that aims to bridge California with emerging markets. After multiple official speeches and presentations, the grand opening event featured a startup battle, already quite a familiar format for the Russian tech …

Jena Wuu of Plug and Play: “Russia looked like too big an animal. But we came to appreciate it in terms of opportunities and talents.” Read More

Moscow startup Gfranq turns amateurs into professional photographers

July 24, 2012

Gfranq, a photo editing site launched just four months ago, is getting strong traction among amateur photographers, with more than 100,000 users in its first three months. Gfranq’s idea is to provide a simple, yet poweful image processing service to the average online user who has no knowledge of complex image processing software, allowing the …

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Moscow city’s seed fund teams up with VCs and angels to support innovation

July 16, 2012

The Moscow Seed Fund, a fund set up by the Moscow government to promote venture investment in local startups, announced earlier this month its decision to provide loans to innovative companies co-invested in by venture funds and business angels. A list of 12 such co-investors, picked on a tender basis, was approved by the fund. …

Moscow city’s seed fund teams up with VCs and angels to support innovation Read More

Award-winning social alarm service Budist.ru secures $2 million for international expansion

July 13, 2012

If you would like to be woken up tomorrow morning by a friendly stranger’s call instead of a typical alarm, this application is for you. Social alarm clock Budist.ru enables you to set up the date and time you wish to be awoken, and a volunteer will call you at that exact time. The service is …

Award-winning social alarm service Budist.ru secures $2 million for international expansion Read More

Mobile medicine startup ‘Life Button’ raises $1 million

November 12, 2020

Knopka Zhizni (“Life Button”), a startup that has developed a mobile medical alert system for the elderly and the disabled, has raised “over 35 million rubles” (over $1 million) from Rintech.ru, a subsidiary of the diversified high tech group IT Co. Founded in November 2010 by MBA students of the Skolkovo Management School, the startup turned heads last …

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Travelers’ social network XLander.ru secures funding from Aurora Venture Capital

July 4, 2012

Russian high tech fund Aurora Venture Capital has acquired a 25% stake in XLander.ru, a Russian social network designed for frequent travelers. The investment amount has not been disclosed, but an analyst at JP Morgan’s Moscow office estimated it could range from $1.2 million to $1.8 million, the Russian news agency RIA Novosti reported. Founded …

Travelers’ social network XLander.ru secures funding from Aurora Venture Capital Read More

From satellite communications to online charity donations, Russia’s young inventors honored at BIT Contest

July 3, 2012

BIT Contest, the largest tech contest in Russia and neighboring countries, held its finale last Thursday at Digital October, a popular tech event venue in Moscow center. This year, more than 1,000 applications were received from all Russian regions as well as from neighboring Belarus, Kazakhstan and Ukraine. A special nomination, ‘Global Track,’ has been …

From satellite communications to online charity donations, Russia’s young inventors honored at BIT Contest Read More

Fast Lane Ventures partners with Springstar to enroll jewellery social-saleswomen

July 2, 2012

Fast Lane Ventures, the Moscow-based serial Internet startup developer, has teamed up with Springstar, the German incubator backed by Oliver Jung and Klaus Hommel, to localize Juvalia&You on the Russian market. Juvalia&You targets women Internet users who are willing to launch their own small businesses, regardless of their professional background or age. The company provides …

Fast Lane Ventures partners with Springstar to enroll jewellery social-saleswomen Read More

‘Doctor At Work’ secures $1 million from Bright Capital

June 29, 2012

Bright Capital, a major Russian venture fund operating internationally, announced last week its investment in Doktornarabote.ru (‘Doctor At Work’), Russia’s leading physicians’ community with nearly 80,000 registered practitioners. The fund offered $1 million in exchange for a minority stake in the startup online community, reported CNews.ru, a Russian IT news portal. Released in March 2010, …

‘Doctor At Work’ secures $1 million from Bright Capital Read More

New startup accelerator GTI Labs launched in Moscow

June 28, 2012

Moscow-based investment consulting company Global TechInnovations and investment fund Prostor Capital have announced the launch of GTI Labs, a new acceleration program for IT start-ups. GTI Labs describes itself as a sort of “investment lift” in which representatives of venture funds are part of the project selection process. The fund will assess KPIs of selected …

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Internet investment triples in just 12 months, but market still lacks transparency

June 26, 2012

The last two years have shown a significant increase in venture capitalists’ interest in the Russian Internet, says a report released yesterday by Fast Lane Ventures, a major player in the field. Fast Lane identified no fewer than 215 venture deals in 2011, up from 59 during the previous year. The total investment volume during …

Internet investment triples in just 12 months, but market still lacks transparency Read More

KupiVip raises $38 million from leading Western funds

June 21, 2012

KupiVip Holding, the owner of the largest online fashion shopping club in Russia, has raised $38 million in a Series D funding deal led by Intel Capital, with new investment from Acton Capital Partners and the European Bank of Reconstruction and Development. Historic investors Accel Partners and Balderton Capital also participated in the round. KupiVip’s …

KupiVip raises $38 million from leading Western funds Read More

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