Startups

Reiman’s Prostor Capital invests in video-focused Dulton

Prostor Capital, a fund co-created in 2011 by former Russian telecom minister Leonid Reiman, announced last week the investment of an undisclosed sum in Dulton Media. Focusing on online video solutions, Dulton is developing such projects as YaTV, a video broadcasting and video on demand service, and Eagle.Platform, a platform for creation and monetization of …

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Ozon.ru acquires online shoe retailer Sapato.ru

Asserting its leadership in the fast-growing Russian e-commerce market, Ozon.ru confirmed yesterday the full acquisition of leading online shoe and accessory retailer Sapato.ru for an undisclosed amount, partly paid with shares. Ozon’s intentions had been revealed earlier this month when the Russian antimonopoly authorities gave their green light for the deal.

Runa Capital invests in US website security startup StopTheHacker

SaaS website security services provider StopTheHacker announced earlier this week that it received $1.1 million in initial funding from public and private investors including Runa Capital, a Russian early-stage venture capital firm, and Brian NeSmith, former CEO of Bluecoat. StopTheHacker’s proprietary, patent-pending technology helps solve web-scale security problems involving malware on websites, hacker attacks and other types …

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Online hotel booking service Oktogo.ru secures $10 million

Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …

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Airbnb co-founder Nathan Blecharczyk: “Entering a market is not just buying a local site and putting your brand on it”

After launches in a range of European, Latin American and Asian countries, Airbnb.com, the famous US online alternative accommodation service, is coming to Russia. The embryonic Airbnb Russian team is headed by Eugen Miropolski, who formerly held senior executive positions at Fast Lane Ventures, KupiVip.ru, and Groupon Russia. In an interview with EWDN chief editor …

Airbnb co-founder Nathan Blecharczyk: “Entering a market is not just buying a local site and putting your brand on it” Read More

Nordic and Russian finalists at CeBIT’s CODE_n innovation contest

Next month’s 2012 CeBIT fair will feature a brand new global innovation contest called CODE_n. Short for ’Code of the New’, the contest aims to seek out and promote the world’s most innovative startups involved in the development of new business models for the internet or mobile devices. Six Nordic and four Russian startups have …

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Heverest.ru secures new investment – from mystery financiers

Heverest.ru, a Moscow-based online retailer of sports and recreational equipment launched by Fast Lane Ventures in June 2011, has attracted a new investment of $4.3 million – just three months after securing $1.3 million in financing. The total investment in this startup now comes to $6.7 million. eVenture Capital Partners, the venture arm of the …

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iTech Capital’s Gleb Davidyuk: “The Russian startup scene has been largely spared corruption.”

A new player on the Russian venture scene, iTech Capital has attracted capital from a variety of prominent Russian IT businessmen. Its first investments, in late 2011, went to play marketing site The Battle Of Brands and to Giftofoni, an innovative social gifting app launched on the Turkish-language segment of Facebook. In this exchange with East-West …

iTech Capital’s Gleb Davidyuk: “The Russian startup scene has been largely spared corruption.” Read More

Sberbank to invest $100 million in Russian and foreign startups

Sberbank, the Russian national savings bank, announced on Friday the creation of a $100 million venture fund to finance growth stage startups developing IT solutions for the financial industry. “Not only will the fund invest in Russian startups, it will support the most promising innovation anywhere in the world,” the bank’s press release states.

Ozon.ru considers acquiring shoe retailer Sapato.ru

Russian e-commerce giant Ozon.ru is considering the aquisition of online footwear retailer Sapato.ru, having received the green light from the antimonopoly authorities on February 1st. Ozon has not yet made a final decision,  and is also considering other acquisitions, the company’s PR manager Maria Nazamutdinova told Russian business information site Marker.ru.

Russian educational network Dnevnik.ru honored at UN contest

Dnevnik.ru, Russia’s first social educational network, was honored last week as one of the of the best e-learning and educational websites at the World Summit Award 2011. A free, nationwide school network, Dnevnik.ru was established in 2007. The site currently serves 16,000 schools and over 3 million pupils, parents, teachers, and school administrators.

Hotel booking service Ostrovok.ru attracts new investment from US businessmen

Ostrovok.ru, an online hotel booking service launched in 2010 in Russia, has raised an undisclosed amount from Erik Blachfold, CEO of Expedia, Hotwire and Tripit founder Gregg Brockway and Altimeter Capital’s Brad Gerstner. This Series B round of financing comes six months after Ostrovok raised $13.6 million from General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well …

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