Search Results for: inventure

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 …

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Russians still actively invest in Ukrainian startups; Western VCs eye the market, too

October 8, 2014

Amid political turmoil, Russian investors have been involved in four of the five largest investment deals on the Ukrainian startup scene since early 2014. This trend was revealed by an analysis provided by Yevgen Sysoyev of AVentures Capital, a Kiev based international fund. A $3 million deal involving Gillbus, a bus-ticket software developer, took place in June. Investors included Russian …

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Online education companies Netology and Foxford merge and raise $1.1 million from InVenture Partners

April 2, 2017

Netology, a major Russian online education platform offering courses in the fields of Internet business, web development and e-commerce, has merged with Foxford (previously 100EGE.ru), a provider of online courses for secondary school students, under the “Netology Group” brand. The merged companies have received a $1.1million capital injection from InVenture Partners, a Russian fund that …

Online education companies Netology and Foxford merge and raise $1.1 million from InVenture Partners Read More

International VC consortium injects $7 million into Russian package tour online reseller OnlineTours.ru

July 19, 2014

On Thursday Russia’s hot online travel market saw its third major venture funding operation in one month as OnlineTours, a reseller of package tours, closed a $7 million Series B round. The funds were brought in by a VC consortium that includes international funds e.ventures, Global Founders Capital and Holtzbrinck Ventures as well as Russia’s …

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Intel Capital teams up with two Russian funds to back Ukraino-Russian bus-ticket software developer

March 2, 2017

Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed valuation. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for …

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Crowdsourced retail analytics startup raises $1 million from InVenture Partners

May 19, 2014

CrowdSystems, the developer of retail analytics tools based on crowdsourcing technology, announced Friday that it closed a $1 million Series A round of financing from Russian venture fund InVenture Partners at an undisclosed valuation. Similar to the international platform Quri.com, CrowdSystems provides retail companies and brands with crowdsourcing tools for retail audits and consumer research. Consumers …

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E-learning platform Netology raises Series A funding round from InVenture Partners

April 21, 2014

Netology, a major Russian online education platform featuring interactive video courses, announced last week that it had completed a Series A round of financing from InVenture Partners, a $100-million Russian venture fund. The amount of the transaction was not disclosed, but the company stated that the investor had secured a minority stake based on a $5.6 …

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Mobile acquiring startup 2can raises $5 million in Series B funding

March 31, 2014

Smartfin, a provider of mobile payment solutions in Russia under the brand 2can, has just completed a $5 million Series B round of financing with the participation of previous investors InVenture and Almaz Capital, two major Russian venture funds, as well as investment company ESN Group. The latter, owned by Russian tycoon Gregory Berezkin, has …

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Online retailer Holodilnik.ru trades equity for ads

April 17, 2013

Holodilnik.ru, Russia’s leading online retailer of household appliances, has offered a minority stake to Media Capital in exchange for a large-scale advertising campaign. This is the first known media-for-equity deal on the Russian Internet market. The transaction’s terms have not been disclosed, but a source close to the deal told leading Russian business daily Kommersant …

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InVenture and Almaz inject $2 million into Square clone 2can

December 31, 2012

Smartfin, a provider of mobile payment solutions in Russia, completed its $2 million Series A round of financing in mid-December. The startup, which operates under the brand ‘2can,’ has enjoyed the participation of Almaz Capital and InVenture, two major Russian venture funds, as well as of Cisco VP Bob Agee and other unnamed business angels. …

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Russian Internet, telecom and bank giants experiment with Square-like payment systems

November 13, 2012

Last month, Yandex.Dengi (Yandex.Money), the electronic currency division of the Russian search giant Yandex, started testing a smartphone-based bank card payment terminal in Moscow taxis, in partnership with SellbyCell, a specialized solution provider. This new payment method, named ‘Yandex Kassa,’ is available to any Visa or MasterCard card holders, and does not require users to …

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