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Polish PE firm injects $2 million in Russian online travel agency Oktogo

February 9, 2016

Oktogo, a major Russian online travel agency and content portal, has secured $2 million from MCI Management, one the most established private equity group in emerging Europe. The deal was revealed yesterday by Russian business daily Vedomosti based on exchanges with Oktogo’s CEO Marina Kolesnik and an MCI representative. The funds will be used to develop Oktogo’s activities on the domestic …

Polish PE firm injects $2 million in Russian online travel agency Oktogo Read More

Rusnano teams up with Chinese corporation to launch $500-million nanotech fund

March 2, 2017

Rusnano, Russia’s national nanotech investment corporation, and Zhongrong International Trust, a major Chinese investment and banking corporation, have agreed to launch a joint investment fund in the field of nanotechnologies. Signed last week, the agreement contains some legally binding clauses, Rusnano Senior Managing Director Ashot Maryan told Russian business daily Vedomosti. The partners will provide their equity investments in equal portions and …

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TMT Investments teams up with EBRD to back international stock photo platform Depositphotos

February 9, 2016

TMT Investments, an LSE-listed fund with Russian backers, is participating in a $5 million round of additional funding for its portfolio company Depositphotos. The round is led by the European Bank for Reconstruction and Development (EBRD), which is investing via its Venture Capital Investment Programme. Agreed last month, the transaction will be completed until the end of the year. …

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Lituanian startup Trafi spends $1 million to enter Russian market

February 10, 2016

Lituanian startup Trafi has launched its public transport app in four Russian cities — Moscow, Saint Petersburg, Rostov-upon-Don in southern Russia and Chelyabinsk in the Urals. The mobile app is designed to help users plan and optimize journeys, while cities may avoid congestion and make commuting faster. “Our combination of scientific algorithms, real time processing of traffic situations and crowd-sourced reports allows …

Lituanian startup Trafi spends $1 million to enter Russian market Read More

Witch hunt in Russian high tech: Major university fires US executive, international cooperation under threat

February 16, 2016

Earlier this month US citizen Kendrick White, a prominent figure in the Russian tech and venture scene, got involuntarily involved in a witch hunt targeting foreign citizens whose presence in Russia is judged “undesirable” in some political and media circles. While civil high tech coooperation had thus far remained virtually unaffected by the international tensions, …

Witch hunt in Russian high tech: Major university fires US executive, international cooperation under threat Read More

InVenture Partners analyst Alexander Dadashev: “Russia has once again lost its appeal for international venture capital investors”

August 23, 2017

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 …

InVenture Partners analyst Alexander Dadashev: “Russia has once again lost its appeal for international venture capital investors” Read More

Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia”

February 25, 2016

While several international investors have suspended or reduced activities in Russia, MCI, a major Polish fund, is continuing to invest in the country, among others. Its current Russia portfolio includes KupiVIP, Travelata and Oktogo. In this exchange with East-West Digital News, the fund’s managing partner Tomasz (Janusz) Czechowicz shares his vision of the Russian digital market, and …

Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia” Read More

Fast growth appeal vs. pressure of sanctions: Western VCs’ new Russia dilemma

December 26, 2018

The past few weeks have demonstrated the uncomfortable position Western venture capitalists that have traditionally invested in Russia are finding themselves in as a result of the international tensions. While, in the eyes of some them, the Russia label has become a stigma, other VCs have proclaimed their commitment to continue investing in Russian startups …

Fast growth appeal vs. pressure of sanctions: Western VCs’ new Russia dilemma Read More

IDCEE 2014: Investors and entrepreneurs gathered in Kiev ignoring “politicians’ bullshit”

October 17, 2014

Lifting any possible doubt about the resilience of Ukraine’s high-tech sector in these troubled times, the IDCEE conference was held brilliantly last week at the Olympic stadium of Kiev. Some 2,000 local and foreign startup entrepreneurs, venture investors, representative of small and large high tech and financial companies, industry experts and other IT people gathered in the …

IDCEE 2014: Investors and entrepreneurs gathered in Kiev ignoring “politicians’ bullshit” Read More

Almaz Capital leads $4 million funding round in US e-commerce solution provider

September 26, 2014

This past Wednesday Content Analytics, an analytics platform that recommends e-commerce catalog optimization strategies, announced it secured a $4 million Series A funding led by Almaz Capital. Geoffrey Baehr, a general partner at Almaz Capital, has joined the startup’s board of directors. Also participarting in the round is dunnhumby Ventures, the venture capital arm of a …

Almaz Capital leads $4 million funding round in US e-commerce solution provider Read More

Russian venture market continues annual decline in Q2 2014 as cross-border investment could virtually disappear

September 19, 2014

Venture investment volumes in Russia fell by 9% year-on-year (y-o-y) as the number of completed deals increased by 32% in Q2 2014, says Rye, Man and Gor Securities (RMG), an independent Moscow-based investment company, in their latest quarterly report published with the participation of East-West Digital News. 2014 continues to be a difficult year for …

Russian venture market continues annual decline in Q2 2014 as cross-border investment could virtually disappear Read More

EBRD takes part in $7.3 million round in Webinar.ru, does not fully rule out further investments in Russia

September 8, 2014

Last week, Russian web- and video-conferencing software company Webinar.ru announced the completion of a $7.3 million Series A round of funding led by Intel Capital and the EBRD. The deal also involved Flint Capital, a Moscow-based venture fund operating internationally, and VTB Capital, the venture arm of state-owned bank VTB, which invested in the startup …

EBRD takes part in $7.3 million round in Webinar.ru, does not fully rule out further investments in Russia Read More

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