Smartfin, a Moscow-based provider of mobile acquiring solutions for SMBs (operating under the brands 2can and ibox), has secured $3 million from several funds under the management of Da Vinci Capital. Inventure Partners, one of the early investors in the company, also took part in the round, which was announced earlier this week. “Since our first investment in 2can and ibox, the …
Confirming the appeal of the online cargo transportation market, Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a substantial round of funding. The move is coming just two months after a competing Russian project was announced, and a few weeks after the international launch of Uber Freight. The Russian fund Inventure Partners has just …
Top Russian and Singapore investors inject $8 million in online freight service Read More
After two years of apathy, the Russian venture market showed signs of revival in 2016, reveals the latest edition of the Russian venture report published annually by RG Partners, in partnership with EY and East-West Digital News. From the seed stage to maturity deals, venture investment amounted to $894 million last year, up from just $383 million in …
Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine, has just raised $20 million from private equity funds Baring Vostok Capital Partners and Elbrus Capital. Since its inception in Ukraine in 2010, the company — previously known as Gillbus — had received financial support from Intel Capital, InVenture Partners and FinSight in 2014, …
Busfor secures $20 million “to reinvent bus travel” across Europe and beyond Read More
InVenture Partners, a venture firm with Russian roots whose portfolio includes taxi booking app Gett, is launching a second, $150 million fund. The new fund is currently raising money from undisclosed limited partners, with 10% of the capital being contributed by Inventure’s managing partners Sergey Azatyan and Anton Inshutin. Inventure Partners II will support consumer Internet …
InVenture Partners launches second, $150 million international fund Read More
Venture funds with Russian capital or Russian origins were far from being inactive this summer, which saw more than two dozens of significant deals made public and several new funds and accelerators launched. The invest-abroad trend, which started a few years ago, has been accelerating recently, as witnessed by the number of deals which involved US, Israeli, Asian and Australian …
Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has just secured $1 million from Ukrainian fund Chernovetskyi Investment Group (CIG), reported tech blog AIN.UA. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for airlines.” According to CIG, the company …
Ukraino-Russian bus-ticket software provider Gillbus secures $1 million from CIG Read More
InVenture Partners, a venture fund with Russian origins which invested in taxi booking app Gettaxi and in a range of Russian startups, has invested $5 million telemedicine startup American Well. This Boston, USA-based company uses mobile and web technology to “improve access to quality care, removing barriers such as distance, mobility, and time.” The fund received a minority stake in the US …
InVenture Partners invests $5 million in US telemedicine startup American Well Read More
As a result of the international tensions, Western venture capitalists that traditionally looked at Russia have found themselves in an uncomfortable position over the past year. The Russia label has become a stigma in the eyes of a large part of them, making international funding and development more difficult for local startups. In an exchange with …
Russian fintech fund Life.Sreda is seeking buyers for the greater part of its portfolio companies, both Russian and foreign, Russian business daily Vedomosti has learned from unnamed industry insiders. The fund intends to concentrate on the development of its most promising project, mobile acquiring startup LifePay. In an exchange with the newspaper, Life.Sreda representative Anna …
Netology Group, a major Russian online education platform, announced last week that it raised $2.1 million from Buran Venture Capital and InVenture Partners. This round is Netology’s third one in less than one year, following a Series A round with InVenture Partners in April 2014 and a $1.1million capital injection from the same fund in September.
Mobile acquiring solution developer Smartfin, which operates under the 2can brand, has been selected as the first technological partner of national savings bank Sberbank for a pilot project of “Business Tablets.” The Business Tablet consists of three portable gadgets: a modern tablet computer with an embedded mobile acquiring application; a bank card reader compatible with …
