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Runa Capital invests €3 million in Finnish open source database solution provider MariaDB Corp.

Last week Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco, announced a €3 million investment in MariaDB Corporation, a global software vendor specializing in high availability, high performance and highly scalable open source database solutions. Headquartered in Espoo, Finland, MariaDB (also known as SkySQL) aims to become “the …

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Midemlab contest 2015: A call to Russian startups

In partnership with East-West Digital News, Midem, the leading international b2b event dedicated to the new music and entertainment ecosystems, cordially invites Russian startups to the Midemlab competition. This event will take place in Cannes, France, from June 5 to June 8. The deadline for submissions is March 10, 2015. If you have a built the next solution that will …

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Russia’s SBT Venture Capital leads $6.5 million round for Canadian payment technology provider Mobeewave

Earlier this month SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, led a $6.5 million investment round for Mobeewave, a Canadian startup that develops fast and secure NFC mobile payment acceptance services. Business angels also participated in the round, but their identity has not been disclosed. Founded in 2012, Montreal-based Mobeewave presents itself as …

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Mail.ru Group says headhunter sale in doubt as Russia’s recession dampens revenue growth

Russian Internet group Mail.ru said on Thursday the sale of its recruitment site might not be completed after the company saw an economic downturn constrain ad spending. The company expects revenue growth of 7-12 percent after 14.8 percent last year that included the results of the VKontakte social network on a pro forma basis, it said in a statement. Most Accurate Cisco 300-101 Prep Guide For …

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Cyclops to monitor Russian roads for traffic violations

Video surveillance firm VOCORD, a resident of the Skolkovo IT cluster, has unveiled a new traffic monitoring system called Cyclops able to collect evidence of violations across four lanes simultaneously. The product, which – as the name suggests – features a single-lens camera as well as a microphone and infra-red scanner contained in a metal …

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Innovating on the Pacific: Skolkovo branch planned for Vladivostok

The Skolkovo Foundation may open a representative office in the Pacific port city of Vladivostok, the head of its space cluster, Sergei Zhukov, was quoted as saying on Wednesday. Asked about the innovation environment in the Far Eastern city of Komsomolsk-on-Amur, where projects from surrounding regions were presented to a Skolkovo expert panel, Zhukov answered: …

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This bizarre Russian ATM wants to lend you money

Walking past a row of vending machines and ATMs at the Kursky train station in Moscow, Sergei Amirkhanov stops in front of a bright orange cash machine. Instead of inserting his bank card, he scans his passport, poses for a photo and enters his mobile number. He receives a text message on his phone a few minutes later, telling him …

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Context ad technology startup K50 valued at $5 million in deal with AddVenture

Russian venture fund AddVenture has invested an undisclosed amount in K50, a Moscow-based startup which is developing an optimization and analytics solution for the contextual advertising market. The deal valued the startup at $5 million. K50’s founding team, which previously financed the startup, will retain a controlling stake. Founded in 2012, the startup launched its …

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