Russian local service startup Pay-Z has just launched a “pay by app” solution for shopping aficionados to avoid standing in queues. Pay-Z users may scan barcodes of the chosen goods, which automatically adds them to an online cart. Customers will settle their purchase through a special terminal by a check-out lane, or directly through the app. …
Russian startup launches app to shop without queueing Read More
The Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, has announced the results of its operations since inception. The fund launched in mid-2013 as an instrument to support the emergence of a strong startup industry in Russia. It initially received the equivalent of $200 million – a huge …
IIDF, Russia’s largest startup fund, celebrates 5 years of operations Read More
The French DIY giant Leroy Merlin has partnered with the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, to launch an accelerator for retail startups. The program will target startups developing marketing software, automation and robotization solutions for internal operations in the field of logistics, solutions for heavy trucking …
Leroy Merlin teams up with IIDF to accelerate Russian retail startups Read More
Listen to the audio version of this article: Last week Fort Ross Ventures announced a $200 million fund for US startups interested in the Russian market. Formerly known as Money Time, this venture fund is committed to support the “exponential success” of US tech startups by “leveraging the potential of the enormous Russian marketplace.” Fort Ross will …
Fort Ross Ventures launches $200 million fund to help US startups enter Russian market Read More
Last week Sberbank, Russia’s national savings bank, announced the launch of a three-month “intelligent robotics acceleration program” in partnership with the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups. The selected startups will benefit from Sberbank’s infrastructure and resources, including its client base, as well as from the …
Sberbank launches intelligent robotics acceleration program for local startups Read More
Earlier this week Russian startup Stafory announced a partnership with Alroid Group to commercialize Vera, its AI-powered recruiting robot, in the United Arab Emirates (UAE). Vera goes along the recruitment chain, from search and selection of potential employees across the largest recruitment sites, to calls and invitation of suitable applicants, to a video or face-to-face interview. “Hello! …
Russian robot to help recruit 25,000 people in Dubai Read More
Baring Vostok has invested an undisclosed amount in online education platform Skyeng, with specializes in English teaching. Confirming the deal, a Baring Vostok representative told Russian business daily Kommersant that the fund acquired a minority stake. Skyeng, a Moscow-based startup launched in 2012, claims to have generated 725 million rubles (around $12.5 million) in revenue last …
Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, raised more than $10.5 million in its ICO which ended on Dec. 1. This amount comes in addition to some $4 million raised during a pre-ICO sale in October. In the course of the ICO, no less than …
Last week Sberbank, Russia’s national savings bank, the Internet Initiatives Development Fund (IIDF, or FRII, Russia’s largest early-stage startup investment fund) and FortRoss Ventures (formerly known as Money Time) announced the launch of a platform called Global Pitch to help Russian tech entrepreneurs develop in the USA. Global Pitch expects to introduce dozens of Russian …
From ‘TechMafia’ to ‘Hack Temple,’ Russian investors nurture startups in Silicon valley Read More
Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced its intention to invest 195 million rubles in Personal Medication & Health Management (PM&HM). In exchange for this capital injection (the equivalent of $3.3 million at the current exchange rate), the fund will receive a 35% …
Russian startup raises $3.3 million to reduce side effects of drugs Read More
Russian startup Stafory announced Wednesday that it has won the Unleash (HR Tech World) startup competition held in Amsterdam for its recruiting robot called ‘Vera‘ (‘faith’ in Russian). The startup was awarded with €10,000. Vera goes along the recruitment chain, from search and selection of potential employees across the largest recruitment sites, to calls and invitation of suitable applicants, …
Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, has already secured $1.3 million in its ongoing pre-ICO campaign. The news was reported last week by Russian online publication Firrma.ru. The fund were brought by US-based fund Uncharted Capital (Playkey has managed to secure some $300,000 from …
