Russian Venture Company takes part in $300 million WhaleShark Media deal

November 18, 2011

Russian Venture Company, the state owned fund of funds dedicated to innovation, announced on Wednesday its indirect participation in the $150 million round of financing of WhaleShark Media Inc., a global leader in online coupon sales, through its UK affiliate Institutional Venture Partners XIII (IVP). JP Morgan Asset Management also took part in the round, …

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Russian systems integrator acquires Canadian e-book software provider

November 18, 2011

Canadian e-book software and firmware provider Evident Point, which has a separate development team in Moscow, has been acquired by LANIT, a major Russian company providing a diversified range of systems integration and other IT services. Neither the terms of the transaction nor general future plans of the two companies were disclosed.

Vapor display startup from Astrakhan wins nationwide innovation prize

January 13, 2022

Displair, a startup from Astrakhan, Southern Russia, developing non-screen visual display technology, walked away with the Best Technovation and Best Marketing awards at the Technovations Cup. This national innovation competition was held on November 11 at the prestigious Moscow Institute of Physics and Technology. The DisplAir application is an interactive non-screen display which ‘floats’ in mid-air. The ‘air …

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Marina Treshchova of Fast Lane Ventures: “We just adapt relevant foreign models to Russian market conditions”

November 17, 2011

Since launching operations a year ago, Fast Lane Ventures has affirmed itself as one of the most active investors on the Russian Internet scene. Among its most notable startups have been online shoe retailer Sapato.ru, daily deal site KupiBonus.ru, airfare search service Jizo.ru, real estate database Domgeo.ru and Q&A content provider Relevant Media. Fast Lane co-founder …

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Skolkovo counts over 200 residents

November 16, 2011

Last week, 29 companies were awarded the status of Skolkovo residents, bringing the total number of participants at the innovation center to 220. Applications were reviewed by a panel of expert board members of the Skolkovo Foundation, which included Russian and foreign researchers, entrepreneurs and venture investors.

Russia now Europe’s leading Internet market by number of users

November 15, 2011

Russia has just overtaken Germany as the market with the highest number of unique visitors online in Europe, says comScore in its September Internet usage study released yesterday. The digital statistics company counted as many as 50.81 million users aged 15 and older in Russia, compared to 50.14 million in Germany, 42.35 in France and …

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Play marketing site The Battle of Brands attracts investment from iTech Capital

November 15, 2011

Russian private equity fund iTech Capital announced last week its investment in The Battle of Brands, a popular website launched in March of this year in both Russian and English languages. The amount of the capital injection was not disclosed, but an iTech representative told East-West Digital News the fund had obtained a majority stake …

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Operation ‘Ghost Click:’ How international police operation dismantled major Russian and Estonian cybercrime system

November 14, 2011

The Estonian police arrested six men (Vladimir Tsastsin, Timur Gerasimenko, Dmitri Yegorov, Valeri Alekseyev, Konstantin Poltev, and Anton Ivanov) last week for organized cybercrime activities on an international scale. The six men are accused of operating various companies that masqueraded as legitimate publisher networks in the Internet advertising industry from 2007 to October of 2011.

Microsoft and Skolkovo to co-invest in Russian tech companies

November 14, 2011

Skolkovo residents that have received a Microsoft seed fund grant are now eligible to receive a matching grant from the Skolkovo Foundation. The news was announced in a press conference last week by the foundation’s president Viktor Vekselberg and Microsoft COO Kevin Turner, who at the same time announced further plans for collaboration to support …

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Bashkortostan plans to follow Skolkovo’s lead in information technologies

November 14, 2011

Last week, the government of Bashkortostan announced its intention to build an IT technopark named Kurai. The new technology park is part of a 5 year program to foster innovation in the republic. To build the technopark, Bashkortostan authorities intend to attract up to 1 billion rubles, or approximately $33 million, in federal funding. The …

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Skolkovo startups attract $265 million from 22 funds

November 12, 2011

Residents of the Skolkovo innovation hub under construction near Moscow have already attracted $265 million in pledged investment from 22 funds since the beginning of this year, Russian business daily RBC Daily reported yesterday. Among these investors are Russian management company Leader, the Canadian fund Pangaea Ventures, Bright Capital, Foresight Ventures, Runa Capital, Softline Venture …

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