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New fund to invest $2 million in B2B solutions till end 2015
Russian entrepreneurs who develop B2B solutions for the consumer segment may now receive support from a specially dedicated venture fund. Christened B2B Lab, this fund has just been launched by Alexander Boiko and Vadim Potrashkov, two shareholders of Russia’s leading B2B marketplace B2B-center.ru....
1744
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27 July 2015
CarPrice.ru raises $40 million to develop online used car brokerage in Russia and beyond
Yesterday CarPrice.ru, a major Russian online broker of used car, announced that it raised $40 million in a Series B funding round – a considerable amount in the context of contraction of the Russian venture market. The round was led by Baring Vostok Private Equity Fund V with the participation of Almaz Capital and other unnamed investors. No details of the transaction have been di...
982
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27 July 2015
Cuba gets inspiration from Skolkovo to develop “analogous tech park project”
Exploring the possibility of building a Skolkovo-style tech park in Cuba, a government delegation from the island visited Moscow earlier this month, the Skolkovo Foundation reported....
1102
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27 July 2015
BitFury raises $20 million from iTech Capital, Georgian Co-Investment Fund and DRW Venture Capital
Earlier this month BitFury, a major Bitcoin Blockchain infrastructure provider and transaction processing company, secured $20 million in funding from Russia’s iTech Capital, Georgian Co-Investment Fund and DRW Venture Capital....
877
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27 July 2015
Russia’s VKontakte to launch rival to Instagram
Russian social network VKontakte is on the verge of releasing a mobile application along the lines of popular photo-sharing service Instagram, news agency RBC reported earlier this month, citing two unidentified people familiar with the company’s plans....
305
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27 July 2015
Yuri Milner invests $100 million to find intelligent extraterrestrial life
“What is the greatest question ever asked?” poses Yuri Milner, layering smoked salmon atop toast points....
1168
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21 July 2015
Two Moscow entrepreneurs raise millions of dollars to “uberize” beauty industry in Russia and beyond
Inspired by the success of such apps as Gettaxi and Uber, two Moscow entrepreneurs have just launched GetNowBeauty, a mobile app that allows you to call to your home or office a hairdresser, facial aesthetic, hair removal or nail manicure specialist. To develop the service, former bank legal adviser and singer Anna Korona — whose real name is Anna Yapryntseva — and her h...
884
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21 July 2015
Witch hunt in Russian high tech: Major university fires US executive, international cooperation under threat
Earlier this month US citizen Kendrick White, a prominent figure in the Russian tech and venture scene, got involuntarily involved in a witch hunt targeting foreign citizens whose presence in Russia is judged “undesirable” in some political and media circles....
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21 July 2015
Skolkovo offers 30 million ruble grant to develop “the maps of the future”
The grant committee of Skolkovo, the international high tech hub under completion on the outskirts of Moscow, has signed off on a 30-million ruble grant (approximately $500,000) for space and telecommunications cluster resident startup HelgiLab. An equal amount is being put up by the company’s founders....
904
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21 July 2015
Putin says he supports “minimal” Internet restrictions
President Vladimir Putin said he was in favor of only “minimal” restrictions on the Internet, but added that he expected Russian citizens to respond with a forceful promotion of Moscow’s views to any “hostile” publications online. Putin made the comments during a meeting with young IT professionals taking part in the N...
1100
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21 July 2015
iTech Capital injects $3 million in US platform to disrupt trading industry
iTech Capital, a fund with Russian origins now operating globally, has just invested $3 million in exchange for a minority stake in TradingView, a social fintech platform that unites traders and investors from around the world....
965
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21 July 2015
Roman Abramovich invests in Israeli startup Anyclip Media
Yesterday Israeli startup Anyclip Media, which has developed a content marketing platform for distributing premium branded video, announced it has completed a $21 million funding round. Leading participants included new investors Ervington Investments, a company owned by Russian billionaire Roman Abramovich, and Limelight Networks (LLNW), a global digital content delivery company....
1285
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21 July 2015
Russia’s Target Ventures opens office in San Francisco, invests $13 million in P2P lending platform Prosper
In a new illustration of the invest-abroad trend among Russian investors, Target Ventures announced last month the opening of an office in San Francisco. The fund’s first US investment went to Prosper, a leading US peer-to-peer lending marketplace, which received $13 million, as reported by Russian tech blog Rusbase....
1281
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21 July 2015
Major software engineering conference invites speaker submissions
CEE-SECR is the premier software engineering conference in Russia. The 2015 edition of the conference will take place on October 22-23 at the Digital October Center in Moscow. Nearly 1,000 industry specialists, representing all IT areas, are expected to attend the event....
1084
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21 July 2015
Personal data storage law: Russian authorities might postpone Sept. 1 deadline
Russia will address Internet firms’ concerns about meeting a deadline to comply with a law forcing them to move the personal data of Russian citizens onto servers inside the country, a Kremlin spokesman said on Monday. Under a law last year, Internet sites that store the personal data of Russian citizens must do so on Russian servers from September. Moscow has said the law is aimed at p...
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21 July 2015
Putin signs ‘right to be forgotten’ bill into law
The Russian President has signed into force the act that orders all internet search engines to delete links leading to spurious or dated information about Russian citizens should they request it....
920
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21 July 2015
Titanium and TMT invest in Israeli mobile “techy concierge”
In late June Tel Aviv-based Drippler, which provides personalized recommendations on apps, features, and accessories, announced that it raised $4.5 million in Series A funding which involved two Russia-connected funds –  Titanium Investments, which led the round, and TMT Investments....
1281
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21 July 2015
PCCW Global’s ability to serve broadcasters draws on an internationally-acclaimed IPTV pedigree and rich portfolio of media solutions
An OTT and online TV business seminar in Moscow, organized by PCCW Global in partnership with J’son & Partners Consulting, drew leading Russian and international telecommunications companies as well as prominent TV and OTT players....
962
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20 July 2015
NEW GSMA STUDY SEES MOBILE INDUSTRY CONTRIBUTING $1.1 TRILLION TO ASIA PACIFIC ECONOMY
Latest GSMA Mobile Economy Report Finds Asia Pacific Leading Global Mobile Growth  ...
964
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15 July 2015
Maxfield Capital invests in “magic” Californian farming data platform
Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested “up to $500,000″ in OnFarm. This Fresno, California-based startup defines itself as an “Internet-of-Things platform that enables a comprehensive array of leading farm hardware technologies into a single grower-friendly management and decision platform.&rdq...
944
0
14 July 2015
RetailCRM raises $600,000 from Edison.VC, eyes international expansion
Last month RetailCRM secured $600,000 from Edison.VC, as reported by Russian tech blog Rusbase. This Series A round is intended to accelerate product development and commercial expansion, including in foreign market, the company announced....
962
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14 July 2015
International event to highlight Russian Internet of Things
The Internet of Things Conference, Expo and Meetup  – the first and only so far regular event dedicated to this industry in Russia – will hold its second edition in late October in Moscow....
965
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14 July 2015
Russian tech players develop new ties with Singapore
Skolkovo, the international tech hub under completion on the outskirts of Moscow, is seeking to forge new partnerships and cement existing ties in Southeast Asia....
929
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14 July 2015
Life.Sreda teams up with Asian fund Marvelstone to invest $20 million in fintech startups
In a new move to penetrate the Asian markets, Russian fintech fund Life.Sreda has inked a memorandum of understanding with Marvelstone Partners, a Seoul, South Korea-based investment group. The two partners intend to launch a $20 million fund targeting fintech startups in South Korea and other Asian countries....
934
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14 July 2015
Israeli social analytics startup Klear secures $1.5 million from Altair and TMT
Israeli startup Klear, formerly known as Twtrland, has raised $1.5 million in new funding from Altair and TMT Investments, two international venture funds with Russian backers....
946
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14 July 2015
Almost half of Russians now use electronic payment methods
Last month Yandex and its subsidiary Yandex.Money released two studies on the Russian e-payment industry. Even though cash on delivery still dominates where physical goods are concerned, Russians are now fully aware of the main available electronic payment methods, according to Yandex.Money, which teams up every spring with TNS to conduct its research....
965
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7 July 2015
Global players challenged by new Russian law on personal data storage
Just two months before the new Russian law on personal data storage will come into effect, many international players are implementing the necessary steps to comply with it....
953
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7 July 2015
NSA and GHCQ targeted Kaspersky Lab and other antivirus developers, say Snowden documents
New documents provided by former American secret service employee-turned whistleblower Edward Snowden claim that the U.S. and UK security services have been carrying out attacks against antivirus developers around the world, including Russian company Kaspersky Lab....
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7 July 2015
Intel Ignition IoT Labs Intel launches IoT Lab in Russia
Intel is announcing the opening of an “IoT Ignition Labs” in Moscow. With a focus on Smart building, Smart City, and Retail, the Moscow lab “offers tools, technology and engineering know-how to those in the industry keen to take IoT projects into commercial deployment.”...
927
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7 July 2015
Almaz Capital invests in Californian startup MakeTime to “revolutionize US manufacturing”
MakeTime Inc., an online platform offering machine capacity for immediate purchase, today announced a $2.65 million Series A round of funding led by Almaz Capital with participation from Kentucky Science & Technology Corporation (KSTC) and MakeTime’s early investors....
1045
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7 July 2015
U.S. goes after $300 million in alleged bribes paid by Russian telecom giants
The U.S. has filed to seize $300 million that it claims was paid in bribes by two major Russian telecoms firms to a close relative of Uzbek President Islam Karimov in exchange for access to the Uzbek telecoms market, news agency Bloomberg reported Tuesday....
948
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7 July 2015
Ulmart confirms IPO plans in 2016, considers private equity deal in late 2015
Earlier this month Ulmart, Russia’s leading e-commerce company, announced several new steps towards its planned IPO. JPMorgan and UBS have been appointed to prepare the operation, which may take place in spring next year, according to Ulmart chairman Dmitry Kostygin....
932
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7 July 2015
Can your iron attack you? Kaspersky says ‘yes’
Last week, public attention was once again drawn to one of the most secretive and controversial figures of the Russian IT industry – Eugene Kaspersky, the founder of the prominent anti-virus company. Immediately after Edward Snowden revealed that the U.S. and British security services had worked to subvert the company’s anti-virus software to track users and infiltrate networks, Kasper...
942
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7 July 2015
LinguaLeo raises $500,000 after cutting 30% of staff
Earlier this month LinguaLeo, a service used by millions of web and mobile users in Russia, Brazil and Turkey to learn English, finally received a $500,000 capital injection from Social Discovery Ventures (SD Ventures) and existing investor Runa Capital....
929
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29 June 2015
JD.com launches Russian site as first step to global expansion
Last week JD.com, China’s largest online retailer, launched a Russian version of its platform with the stated goal of conquering a 20% share of the Russian e-commerce market....
968
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29 June 2015
Skolkovo and IBM team up to “extend the healthy productive lives of patients with cancer and other age-related diseases”
Last week IBM signed a memorandum of understanding with Skolkovo, the international tech hub under completion on the outskirts of Moscow, the First Oncology Research and Advisory Center (FORAC), a resident of Skolkovo’s biomedical cluster. The three partner will develop a personalized medical platform in Russia in a joint strategic, technology and commercial collaboration effort....
1053
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29 June 2015
Booking.com confirms commitment to “important Russian market,” gets prepared to comply with personal data storage law
Earlier this month, Booking.com announced that it will comply with Russia’s new law on personal data storage. The global online travel operator will soon transfer all data from the country’s users to a local data center, Russian business daily Kommersant reported....
1024
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29 June 2015
No smoking, please: Russian mobile health technologies
In June 2015 Russia launched the comprehensive project BrosayemKurit.rf (translation: Let’s Quit Smoking). The country celebrated World No Tobacco Day on May 31 with the release of another mobile application, “Smoke Free Area.”...
960
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29 June 2015
Fintech startup IQcard claims 1 billion ruble monthly turnover, receives new capital injection
Last week IQcard, a startup offering prepaid cards and monetization instruments for retailers’  loyalty programs, has raised an undisclosed amount from Finteca Holdings, a new fintech fund investing in Russia and Eastern Europe....
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29 June 2015
Russian startup contest expands to Serbia, Turkey and UAE
This year Startup Sabantuy, a Kazan, Russia-based startup contest, went as far as Belgrade and Novi Sad (Serbia), Istanbul, and Dubai, in addition to a range of Russian cities, to find and support promising startup together with investors....
1005
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22 June 2015
US-Russia Peer-to-Peer Dialogue Program: Harvard researchers to discuss online media and politics this week in Moscow
This week the Center for New Media & Society will host their colleagues Rob Faris and Bruce Etling from the Berkman Center for Internet and Society at Harvard University for a number of joint events in Moscow....
771
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22 June 2015
Russian funds Altair and GVA LaunchGurus invest in US startup 1World Online
Earlier this month 1World Online, a US startup founded in 2011 by Russian entrepreneur Alexey Fedoseev, announced the completion of an equity financing A2 round of $2.5 million....
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22 June 2015
Yandex transfers professional network Moi Krug to Thematic Media
Russia’s search giant Yandex has “handed over” Moi Krug, a major professional social network which it acquired back in 2007, to Thematic Media (TM), a publisher of several online tech publications. The transaction was confirmed earlier this month by a Yandex representative to business daily Vedomosti, but no details of the deal have been disclosed....
969
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22 June 2015
Amid crisis, key Russian e-commerce players claim continued growth
Amid the economic turmoil of this and last year, the Russian online retail market is still appealing in many respects. This consensus emerged from the eDays e-commerce conference, an internationally-oriented event which was held for the second time in Moscow on June 4 and 5....
832
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22 June 2015
Market experts and tech innovators shared their visions of the future at international e-commerce conference
In its second edition on June 4 and 5, the eDays e-commerce attracted nearly 250 top executives and high-level professionals, some of them joining the event from as far as France, Estonia, Spain, Sweden, the UK and Ukraine....
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22 June 2015
The White Nights Conference: 1,200 mobile and social game developers and marketers expected in St. Petersburg
An international mobile and social game development and marketing conference, The White Nights Conference will open its doors for the seventh time on 26-27 June in St. Petersburg....
277
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22 June 2015
Panasonic opens R&D center in Skolkovo
Earlier this month Panasonic opened its R&D center in Skolkovo, the international tech hub under completion on the outskirts of Moscow, following an agreement signed in December 2014....
286
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22 June 2015
UK logo startup launches in Russia following requests “from tens of thousands of local entrepreneurs”
Yesterday Withoomph launched its service in Russian language – along with Brazilian Portuguese, French, German, Italian and Spanish, – providing Russian businessmen with an inexpensive way of getting a professional logotype via an instant online procedure....
240
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22 June 2015
Geolocation startup Meanwhile raised $100,000 from individual investors
Meanwhile, a Russian startup that has created a mobile interface to “offer a simple and convenient access to all local information,” secured $100,000 from unnamed individual investors. The deal took place in late 2014, but was revealed only last week by Russian tech blog Firrma.ru....
263
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22 June 2015
Hearst Shkulev Media acquires regional online media network Rugion
Hearst Shkulev Media (HSM), a major Russian media group co-owned by Hearst Corporation, has acquired a controlling stake in Rugion, a network of city sites across Russian regions, in a bid to strengthen its existing regional activities. No details of the transaction have been disclosed, but Russian business daily Vedomosti learned from “a source close to one of the parties&rdq...
287
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22 June 2015