Search Results for: travel

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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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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Road quality mapping startup honored at Opera Software Startup Awards contest

November 3, 2011

Opera Software, the Norwegian browser software publisher, announced the results of its Opera Startup Awards contest this Tuesday. The competition, intended to reveal the best Russian student startups, was conducted by Opera Software in partnership with the St. Petersburg National Research University of Information Technologies, Mechanics and Optics and its affiliated business incubator ‘Quattuor Dimensionis’ (QD).

UK based cloud service ThinkGrid secures investment from Runa Capital

October 28, 2011

Runa Capital, a Moscow based venture fund, announced yesterday it has invested in ThinkGrid, a UK headquartered global cloud company which defines itself as “a channel-focused vendor providing turnkey worldwide infrastructure and a control panel platform that allows IT solution providers to become cloud service providers and to offer IT services from the cloud in …

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Moscow startup aims to become Russia’s LastMinute.com

October 26, 2011

Muscovites can now easily escape the noise and pollution of the Russian capital for a spontaneous week-end trip thanks to Travelata.ru, a new website specializing in short range impulse travel that launched its beta version on Monday. The site offers tours on weekends or short holidays in Russia, near abroad countries like Turkey or Latvia …

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Top ranking Russian web server Nginx raises $3 million from Russian and international funds

October 13, 2011

Nginx, the open source web server publisher (pronounced “engine-x”), has just closed a $3 million round of financing from Russian early stage venture fund Runa Capital, US fund MDS Capital and US-German fund BV Capital-eVenture Capital. The funds raised will be used to “establish a commercial offering that creates new infrastructure solutions for Internet companies in a variety …

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US SaaS provider BigTime receives Runa Capital’s first investment outside Russia

October 5, 2011

Russian early stage fund Runa Capital took part in a round of financing for  BigTime, a US corporate software publisher. Along with Runa, the financiers included US and international funds LTC Partners, Geneva Venture Investment Management, Hickory Grove, and Howell Capital for a total amount of $3 million, news agency RIA Novosti reported yesterday.

Venture fund Runa Capital to pour $5 million into Skolkovo projects

September 23, 2011

Russian early stage venture fund Runa Capital shook hands with the Skolkovo Foundation, the state-owned organization leading the completion of the major innovation hub on the outskirts of Moscow, reported Russian business daily Vedomosti. The deal outlines provisions for Runa to collaborate with Skolkovo over the next three years and invest $5 million into the projects …

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Ozon.ru secures record Russian e-commerce investment

September 8, 2011

Ozon.ru, one of the most established Russian e-commerce sites, has just closed a $100 million round of financing led by Ru-Net, a major Russian fund, with the participation of Index Ventures, Alpha Associates and Japanese e-retailer Rakuten. Ozon’s main shareholder to date, Baring Vostok Capital, has retained its stake in what essentially appears to be a …

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Russian startup experiments with new model in online short term apartment rentals

July 13, 2011

A new player has emerged on the nascent Russian online alternative accommodation market. Apartator.ru launched its test version in April and its first paid functions in late June. It has just been selected as one of the 10 finalists of the European Demo Night startup contest to be held next week in San Francisco.

$13.6 million injected into Russian Booking.com

July 13, 2011

Ostrovok.ru, an online hotel booking service launched a year ago in Russia, announced yesterday it has raised as much as $13.6 million from leading international investors. Among them are General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well as prominent business angels including Qunar founder Fritz Demopoulos, Yandex board member Esther Dyson, Zyngo founder Mark …

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St. Petersburg high tech company to fund Russian and foreign startups

July 4, 2011

i-Free, a global Russian mobile, digital finance and micro payment company, announced last Thursday the launch of its own internal venture fund to invest in IT startups. The new fund will provide financing as well as training and mentor support for seed stage projects – even to projects with “non-obvious monetization schemes” – and early growth …

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