Startups

Russian business angels to access Gust’s international investment platform

May 31, 2012

Gust, the investor relation platform connecting high-growth entrepreneurs and active early-stage investors, and the Russian National Association of Business Angels (NABA), announced last week they have signed an agreement to allow Russian investors to access Gust’s platform. NABA is a not-for-profit organization representing the organized business angels, seed funds, and other early-stage venture capitalist communities …

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Speaktoit secures funding from Intel Capital

May 31, 2012

Speaktoit, a developer of technologies based on natural language conversations, announced last week it has received an investment from Intel’s investment arm, Intel Capital. The investment amount and the startup’s valuation are kept undisclosed. Founded in Russia in October, 2010, Speaktoit attracted angel money in January, 2011. It also received a grant from Skolkovo, the state-sponsored …

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Leta Group launches venture fund, announces Displair as first investment

May 28, 2012

Last week, Leta Group, a prominent Russian IT security holding, announced  the launch of ‘Leta GIV,’ its corporate venture arm, along with its first investment – interactive air screen maker Displair. “Generating projects internally is not enough to seize the opportunities offered by Russia’s booming innovation environment, so we decided to create this dedicated vehicle,” …

Leta Group launches venture fund, announces Displair as first investment Read More

Fast Lane Ventures and Ru-Net launch event management and ticket booking system

May 25, 2012

Moscow-based serial startup developer Fast Lane Ventures has teamed up with Ru-Net, an established Russian venture fund, to launch Eventmag.ru, an online service to organize events and book event tickets. The well known US site Eventbrite.com was taken as a model, Fast Lane openly acknowledges, with the ultimate goal of providing a ticket selling platform …

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Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round

May 23, 2012

yuilop, a Barcelone, Spain headquartered startup, announced yesterday that it has closed a €4.5 million Series A round led by Hamburg-based Shortcut, and co-investors, Russia’s Bright Capital and private telecom investor Bruno Ducharme, as well as continued participation of existing investor Nauta Capital. The funds will be used to drive yuilop’s aggressive international expansion and continuous …

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round Read More

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds

May 23, 2012

HomeMe.ru, a website offering furniture and some home accessories, announced last week it has raised $5 million in a Series A round of financing from Russian venture funds AddVenture and ABRT, as well as from Mangrove Capital Partners, a fund headquartered in Luxembourg. Launched in early 2012, HomeMe.ru currently has an assortment of 2,000 stock …

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds Read More

Siberian local review service Flamp.ru now serves Moscow

May 21, 2012

Flamp.ru, a consumer review website that appeared one year ago in the Siberian cities Novosibirsk and Krasnoyarsk, followed by a launch in Ekaterinburg in the Urals, announced last week it now covers the Russian capital. Not only do Flamp.ru users review local businesses like cafés, museums and theaters, they can also post comments about banks, …

Siberian local review service Flamp.ru now serves Moscow Read More

Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies

May 15, 2012

Qualcomm, a leading US-based international provider of wireless technology and services – with a particular emphasis on chipsets for smartphones – is ready to invest “hundreds of millions of dollars” in Russian tech companies, Senior VP Anastassia Lauterbach told the Russian business daily Kommersant. According to its strategic plan adopted in late 2011, Qualcomm will …

Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies Read More

Dating site Flirtic.com launches in Russia

May 15, 2012

Flirtic.com, a dating and matchmaking site that began operating in early 2011, chose Russia as its first step to international expansion beyond its native Estonian market. A beta version of the service is being launched this week to serve  users in Moscow, but Flirtic.com has plans to cover St Petersburg, Kiev, and other Russian-speaking cities …

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Fast Lane launches online commercial real estate service

May 14, 2012

Fast Lane Ventures, the Moscow-based serial startup developer, has launched an online service called Kommerstate.ru to help commercial real estate market players lease, purchase and sell properties. Started last week, the site is the first of its kind in Russia, according to Fast Lane, and is more than a property database: it “converts a user …

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Russian fund to invest €20 million in French startups as Russian-French tech ties grow

May 9, 2012

The Russian high tech fund New Generation Investment (NGI) announced last week that it will launch a €20 million division dedicated to French startups, the French business daily Les Echos reported. “We are focusing on telecoms, web technolgies and tech-oriented media,” said NGI shareholder Leonid Reiman. France will serve as a testing ground for one …

Russian fund to invest €20 million in French startups as Russian-French tech ties grow Read More

Pinterest.com considers Russian-language version – as local copycat reaches 250,000 members

May 7, 2012

Pinterest.com, the much-hyped social network that defines itself as “an online pinboard,” announced last week its first steps in translating its service into other languages, starting with French, German, Japanese, Portuguese, and Spanish. Pinterest is also pondering other languages, including Russian – which is mentioned between Malay and Swedish on the site’s second priority list. …

Pinterest.com considers Russian-language version – as local copycat reaches 250,000 members Read More

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