Startups

Next Level: Russian mobile developers score big time on international scene

November 21, 2011

Get out of the way Doodle Jump and Zombieville U.S.A.: Russian players in the booming mobile application and game markets are beginning to assert themselves – with world-class products as their ammunition. Among the emerging players are traditional mobile content companies Dynamic Pixels, Herocraft and i-Free, or Game Insight, which originally focused on social games. …

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Russian systems integrator acquires Canadian e-book software provider

November 18, 2011

Canadian e-book software and firmware provider Evident Point, which has a separate development team in Moscow, has been acquired by LANIT, a major Russian company providing a diversified range of systems integration and other IT services. Neither the terms of the transaction nor general future plans of the two companies were disclosed.

Vapor display startup from Astrakhan wins nationwide innovation prize

January 13, 2022

Displair, a startup from Astrakhan, Southern Russia, developing non-screen visual display technology, walked away with the Best Technovation and Best Marketing awards at the Technovations Cup. This national innovation competition was held on November 11 at the prestigious Moscow Institute of Physics and Technology. The DisplAir application is an interactive non-screen display which ‘floats’ in mid-air. The ‘air …

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Marina Treshchova of Fast Lane Ventures: “We just adapt relevant foreign models to Russian market conditions”

November 17, 2011

Since launching operations a year ago, Fast Lane Ventures has affirmed itself as one of the most active investors on the Russian Internet scene. Among its most notable startups have been online shoe retailer Sapato.ru, daily deal site KupiBonus.ru, airfare search service Jizo.ru, real estate database Domgeo.ru and Q&A content provider Relevant Media. Fast Lane co-founder …

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Play marketing site The Battle of Brands attracts investment from iTech Capital

November 15, 2011

Russian private equity fund iTech Capital announced last week its investment in The Battle of Brands, a popular website launched in March of this year in both Russian and English languages. The amount of the capital injection was not disclosed, but an iTech representative told East-West Digital News the fund had obtained a majority stake …

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Microsoft and Skolkovo to co-invest in Russian tech companies

November 14, 2011

Skolkovo residents that have received a Microsoft seed fund grant are now eligible to receive a matching grant from the Skolkovo Foundation. The news was announced in a press conference last week by the foundation’s president Viktor Vekselberg and Microsoft COO Kevin Turner, who at the same time announced further plans for collaboration to support …

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Skolkovo startups attract $265 million from 22 funds

November 12, 2011

Residents of the Skolkovo innovation hub under construction near Moscow have already attracted $265 million in pledged investment from 22 funds since the beginning of this year, Russian business daily RBC Daily reported yesterday. Among these investors are Russian management company Leader, the Canadian fund Pangaea Ventures, Bright Capital, Foresight Ventures, Runa Capital, Softline Venture …

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Russian geosocial service AlterGeo puts down roots in Ukraine

November 11, 2011

AlterGeo, a Russian startup inspired by the Foursquare concept, announced yesterday it has opened a representative office in the Ukrainian capital of Kiev, where it already counts 60,000 registered users. The Moscow based company has also opened an office in St. Petersburg, Russia’s second largest city, as well. The Kiev office is the company’s first …

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Airfare search engine Jizo.ru seeks jackpot with new social application

November 10, 2011

Jizo.ru, the air travel metasearch engine launched earlier this year by Fast Lane Ventures, has launched an impressive social commerce application on Facebook. The new tool, named Flight Finder, allows Facebook users from Russia to view the best airfare offers to visit friends and family in other cities and countries in real time with just one …

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Innovative Russian search engine locates live media content, targets US market

November 8, 2011

Searching for live audio and video streams online could become much easier thanks to Balakam.com, an innovative search engine launched yesterday in beta version by a team from Nizhny Novgorod, Russia’s fourth largest city. Balakam has developed and patented particular search algorithms and an advanced crawling technology to retrieve and index live media streams throughout …

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US investors to fund Russian startups through new accelerator in St. Petersburg

November 8, 2011

Just days after Texdrive, Russia’s first international startup accelerator, opened in Moscow, the St. Petersburg National Research University of Information Technologies, Mechanics and Optics (ITMO) announced in late October the creation of its own startup accelerator in partnership with US venture fund RSV Venture Partners. Operations will start early in 2012 at the university-hosted startup …

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Fast Lane Ventures invests in Airbnb copycat

November 7, 2011

Witnessing a growing interest in the Russian online alternative accommodation market, Moscow business incubator Fast Lane Ventures acquired a stake in Travelrent.com last month. Founded in 2009, Travelrent.com is one of the startups emerging on the local scene, focusing on Russian language users in Russia and neighboring countries. The site currently lists 3,500 available accommodations, with …

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