Fashion discovery app developer Woolpr Technologies has raised $8m in a series B round that reportedly included $3m from conglomerate Sistema’s Asia Fund.
Author: East-West Digital News
Yandex and Baring Vostok invest $5.5m in house-call doctor service
Internet company Yandex was among the participants in a Baring Vostok-led round that will enable Russia-based Doc+ to expand across the country.
Russia’s Sberbank participated in Uber’s latest equity round
SBT Venture Capital, the venture arm of Russian state-controlled savings bank Sberbank, appears to be among the participants in Uber’s latest equity funding round. Led by Saudi Arabia’s Public Investment Fund, this $3.5bn deal took place this spring, valuing the US startup at $62.5bn. SBT’s participation was revealed by BNE Intellinews, an online resource covering… Continue reading Russia’s Sberbank participated in Uber’s latest equity round
Russian startup VisionLabs raises $5.5m from Sistema VC
Sistema’s corporate venturing fund has paid $5.5m for a 25% stake in the facial recognition, data and robotics technology developer.
Ulmart confirms IPO plans in 2016, considers private equity deal in late 2015
Naspers is among the prospective investors in a proposed equity round for the Russia-based e-commerce company that would be raised at a $1.5bn valuation later this year.
QIWI launches new accelerator Universe 2.0
The payment services provider will invest up to $95,000 to establish joint venture projects with successful applicants.
Microsoft partners with Russian state fund for accelerator
The software company’s corporate venturing unit will team up with FRII in an accelerator for Russsia-based industrial start-ups.
Intel takes part in $7.3m round for Webinar.ru
Semiconductor company Intel’s corporate venturing unit invested alongside Flint Capital, VTB and European Bank for Reconstruction and Development.
Zvooq secures $20m “to bring legal music streaming to the masses”
Russia-based music-streaming platform Zvooq has secured an investment of $20m in a series A round led by Ulmart, Russia’s leading online retailer, with the participation of Essedel Capital, a Finland-based private equity fund. The funds will be used to bolster and promote Zvooq’s freemium music-streaming product. Zvooq will also “initiate roll-out of the service in some… Continue reading Zvooq secures $20m “to bring legal music streaming to the masses”
Naspers acquires stake in Russian kids goods online store Esky.ru
Naspers’ $19m investment in Esky, provided in return for a 31% stake, enabled it to join another corporate, Ru-Net, as an investor in the company.
Ulmart invests $6.5m in Dream Industries
The e-commerce company provided the funding to Dream Industries to help the startup develop digital content platforms.
Ozon acquires stake in LitRes, the leading Russian e-book store
E-commerce company Ozon has invested an undisclosed amount in e-book retailer LitRes, which previously secured funding from RITF.
French-Russian JV raises $60m to complete next-gen memory project
Rusnano and Crocus Technology have invested an additional $60m in a joint venture they formed to produce semiconductors.
Microsoft pledges $1m for Moscow University-based computer vision and big data research
Microsoft will seek to develop data visualisation and modelling through the investment.