Search Results for: FRII

Coca Cola teams up with Russian fund to help employees launch their own business projects

April 10, 2019

The Internet Initiatives Development Fund (IIDF or FRII in Russian), Russia’s main startup investment fund, has announced a partnership with Coca Cola HBC Russia to create an in-house accelerator for the company’s employees in Russia. The program will teach Coca-Cola HBC Russia’s employees how to launch startups inside the corporation. IIDF experts will help employees …

Coca Cola teams up with Russian fund to help employees launch their own business projects Read More

This accelerator aims to introduce Russian tech startups to French and global markets

March 5, 2019

One of the rare international acceleration programs locally available to Russian startups, Winno Moscow is preparing its fourth season this year, selecting some 10 projects among 200 applicants. After a four-month acceleration process, the selected startups will benefit from a one-week business trip in Paris, including a visit to Vivatech, France’s largest tech event, in May …

This accelerator aims to introduce Russian tech startups to French and global markets Read More

Siberian startup raises $4.5 million for alternative tuberculosis, cancer and HIV treatment technology

February 19, 2019

In late January a Russian government fund injected 305 million rubles (around $4.5 million at the current exchange rate) in Personal Medication & Health Management (PM&HM), a Novosibirsk, Siberia-based company that has developed a new approach to tuberculosis, cancer and HIV treatments.  Founded by researchers from the local branch of the Russian Academy of Sciences, PM&HM has designed a …

Siberian startup raises $4.5 million for alternative tuberculosis, cancer and HIV treatment technology Read More

Russian Big Data business wants to create legal market for ‘depersonalized data’

January 29, 2019

The Internet Initiatives Development Fund (IIDF, FRII in Russian) is lobbying Russian lawmakers to adjust the legal definition of personal data, introduce the concept of “depersonalized data” and allow citizens to sell their own “depersonalized data” on the market. According to the fund, which has prepared draft amendments to the existing legislation, individuals could earn as much …

Russian Big Data business wants to create legal market for ‘depersonalized data’ Read More

2018 Eastern Europe and Central Asia Tech Investment Overview

January 22, 2019

Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …

2018 Eastern Europe and Central Asia Tech Investment Overview Read More

Cinemood raises $4 million from Russian and Belarusian investors

October 22, 2020

The Internet Initiatives Development Fund (IIDF, or FRII in Russian, Russia’s leading startup fund) has teamed up with the Russian-Belarusian Investment Fund (RBF Ventures) to provide 263 million rubles (roughly $4 million) in fresh funding to Russian startup Multikubik. The news was reported in late December by business daily Kommersant based on an exchange with a Multikubik representative. Also participating …

Cinemood raises $4 million from Russian and Belarusian investors Read More

State fund of funds RVC to launch $100 million edtech fund

December 24, 2019

RVC, the state-owned fund of funds dedicated to innovation, intends to launch an investment fund to support innovation in the field of education technologies in Russia. With a considerable target amount – 6.9 billion rubles (roughly $100 million at the current exchange rate) – and a 10-year duration, the fund is being created in the framework of …

State fund of funds RVC to launch $100 million edtech fund Read More

Ozon launches user-to-supplier loan platform

July 13, 2019

Ozon.ru, a leading Russian online retailer, is testing a service that will allow customers to grant loans to small and medium businesses among Ozon’s 2,000+ suppliers. The new service, dubbed ‘Ozon.Invest,’ was presented on December 21. It will start operating “in the beginning of 2019,” according to its website. As reported by the business daily …

Ozon launches user-to-supplier loan platform Read More

Go Global 18: How Russian startups take up international challenges (Moscow, Dec. 1)

December 19, 2018

On Dec. 1, the Russian capital will play host to an international conference dedicated to the international development of Russian startups. ‘Go Global 18’ is organized by the Internet Initiatives Development Fund (IIDF, or FRII in Russian). In its third edition, the conference will cover a variety of topics and cases, including the following ones: …

Go Global 18: How Russian startups take up international challenges (Moscow, Dec. 1) Read More

Kremlin requests big corps to contribute to giant state-directed tech investment plan

November 12, 2020

Following a Kremlin initiative, 15 big Russian corporations from the metallurgical, chemical and oil industries are likely to become unenthusiastic high tech and social investors. This past July, the Kremlin administration  announced its intention to take 500 billion rubles (some $7.7 billion at the current exchange rate) out of the corporations’ “superprofits.” These corporations include Alrosa, Evraz, Magnitogorsk Iron …

Kremlin requests big corps to contribute to giant state-directed tech investment plan Read More

Russian and Abu Dhabi sovereign funds inject $7.5 million into Russian online freight service

October 3, 2018

Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a $7.5 million investment deal. The backers are Russian Direct Investment Fund (RDIF) and Mubadala, the Russian and Abu Dhabi sovereign funds, respectively. The respective contributions of the two funds have not been disclosed, but Deliver founder Danil Rudakov told Vedomosti that the investment will …

Russian and Abu Dhabi sovereign funds inject $7.5 million into Russian online freight service Read More

E-commerce SaaS publisher PimPay secures more than $3 million from IIDF

July 24, 2018

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced that it invested 200 million rubles (around $3.1 million at the current exchange rate) in the microcredit and factoring startup PimPay. The fund has received a minority share; no other details of the deals have been disclosed. The PimPay …

E-commerce SaaS publisher PimPay secures more than $3 million from IIDF Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.