For a long time, the Russian IT business had been most prominent in the country’s two capitals – Moscow and St. Petersburg. Lately, though, a surge of startup companies has been observed in a number of smaller cities, as well. One example is Yekaterinburg. The city is home to such projects as online accounting platform …
Startup from the Urals reinvents neighborhood communities Read More
Russian HORECA software publisher iiko has finally secured the funds it had been seeking for nearly one year. The funds have been provided by Russian tech fund Leader Innovations, Russian business daily Vedomosti reported on Monday, citing the iiko’s General Director Roman Abramov. The $10 million investment will be released in two tranches, including $6 …
Restaurant software publisher iiko raises $6 million for international expansion Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced yesterday a $400,000 investment in Virool. The Russian-American startup is developing a self-service video platform enabling video creators to target audiences across a network of online publishers, blogs, social games and mobile applications. The startup also offers an application that makes it easy for publishers …
Self-service video platform Virool secures $400,000 from TMT Investments Read More
The London-headquartered Russian fund TMT Investments has invested $5 million in equity funding in Backblaze, a leading California-based online backup provider. While Backblaze is already profitable, this funding will be used to accelerate hiring for product development, global marketing, and partnerships, the company stated last week. TMT also invested $325,000 in Pipedrive, an Estonian business software …
Finam, one of Russia’s most well established financial groups, has launched Finam Global, an international fund that groups its existing investment units operating in the technolgy, media and telecommunication (TMT) sector. Among the assets included in the new fund’s portfolio are such major Russian Internet companies as dating site Mamba.ru, context advertising service Begun, and …
Finam Global to offer growth capital in TMT companies worldwide Read More
Finam Capital, the venture arm of the largest Russian brokerage and investment holding, will invest $10 million to deploy a special version IM+ in Russia. IM+ is a popular instant messenger made by German mobile app publisher Shape. Shape and Finam will create a joint venture in which the latter will own a minority, non …
TMT Investments announced last week that it has acquired a 10% stake in Unicell, a leading mobile application service and content provider in Israel, for 10.4 million shekels, or approximately $2.96 million. This transaction seems to mark the first investment of a Russian company in a mobile content provider outside the former USSR.
TMT Investment announced last week it will invest $1 million in a 20% stake in Berryman Capital Group (BCG), a developer of online games for social networks. TMT Investment is an international investment company based in Jersey and run by Russian businessmen focused on technology and media investment. The deal, which includes other conditions for BCG …
