Corporates will benefit from the Rosinfocominvest initiative alongside venture capital firms.
Author: East-West Digital News
Global technology distributor Ingram Micro invests in Parallels in new alliance
Cisco-backed cloud software developer Parallels has further developed its strategic alliance with Ingram Micro alongside a new equity investment.
Microsoft opens $15 million technology centre in Moscow
Microsoft has opened a new research centre that will be freely available to its partners for research and product development.
Russian VC fund backs Finnish solution for mobile sharing of TV moments
GS Venture, a subsidiary of technology developer GS Group, has made a seed investment in Tellyo.
Leading physicians’ community ‘Doctor At Work’ secures $3m
“Doctor At Work,” Russia’s leading physicians’ community, has just secured $3m from three major Russian venture funds – existing investors Aurora Venture Capital and Bright Capital, and new investor Guard Capital. The deal valued the startup at $16.5m. A part of the funds – less than one third, Bright Capital’s press service told East-West Digital News – went… Continue reading Leading physicians’ community ‘Doctor At Work’ secures $3m
Russian microelectronics developer Ruselectronics to invest $35 million in innovative projects
Ruselectronics plans to launch a business incubator as part of a $35m, three-year investment plan.
MIPT – Phystech Moscow’s ‘Phystech’ sets up IT cluster with help of high-profile alumni
The Phystech IT Cluster was established in Russia last week in a multi-partner effort led by the Moscow Institute of Physics and Technology (MIPT), a leading Russian research university popularly nicknamed “Phystech.” The new non-profit partnership is expected to develop and implement advanced educational programs in computer science and software engineering and promote large-scale IT… Continue reading MIPT – Phystech Moscow’s ‘Phystech’ sets up IT cluster with help of high-profile alumni
Yandex acquires Israeli geo-location technology developer KitLocate
Geolocation platform KitLocate has been purchased by Russian internet company Yandex for an undisclosed sum.
Mail.ru Group to become majority shareholder of Vkontakte.ru
The Russian internet company has agreed to acquire an additional 12% share of social network Vkontakte, lifting its overall stake to 52%.
IFC invests in Russia’s Lamoda
By East-West Digital News. This investment – the first by the International Finance Corporation (IFC), part of the World Bank Group, in Lamoda – aims to “support the company’s expansion as well as enable Lamoda to consolidate its sustainable growth while further raising environmental, social and corporate governance standards. It will also aid the regional… Continue reading IFC invests in Russia’s Lamoda
Walkbase runs with Sberbank
East-West Digital News Walkbase, a Finland-based marketing optimization platform for brick & mortar retailers, has announced a €3m ($4.1m) series A round investment led by SBT Venture Capital, the venture arm of the Russian national savings bank Sberbank. Olli-Pekka Kallasvuo, former CEO of Nokia, also participated in the round. Walkbase will invest the funds in… Continue reading Walkbase runs with Sberbank
Russian banks support Moven’s banking revolution
East-West Digital News Life.SREDA, a Russia-based venture capital fund established by members of the Life Financial Group, comprising eight commercial banks, revealed in August a $2m investment in Moven, a three-year-old New York-based banking startup. Moven’s CEO and founder Brett King hopes that the deal, which took place in July, will help his company further… Continue reading Russian banks support Moven’s banking revolution
Eruditor connects up to Intel
Personal service aggregator Eruditor raises $12 million from Intel Capital, Frontier Ventures, and Runa Capital.
Qiwi enlarges venturing focus as it posts first deal
Russian payment company Qiwi has announced its first corporate venturing investment in car classified ads company Carbay.ru, whilst also declaring that its investment scope now covers virtually any field.