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 …
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 …
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 …
Mail.ru Group says headhunter sale in doubt as Russia’s recession dampens revenue growth Read More »
Buran Venture Capital, a Moscow-based, internationally-oriented venture fund, appears to be among the backers of Shazam, which raised $30 million this past January in a funding round that valued it at over $1 billion. While the other investors are still unidentified, the Russian fund revealed yesterday that it contributed $8.5 million in the round.
Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), one of the largest companies in the Russian-speaking Internet market, today provides the following preliminary unaudited segment financial information and key operating highlights for the full year ended 31 December 2014.
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 …
Context ad technology startup K50 valued at $5 million in deal with AddVenture Read More »
RoboCV, a Moscow-based startup developing autopilot solutions for vehicles and industrial equipment, has just raised $3 million in a Series A round. The funds will be used to develop existing autopilot systems for warehouses and to develop a pre-series autopilot RoboCV X-MOTION, the company stated. Also, RoboCV has plans to implement a full-scale complex robotics …
Last month the fledgling Russian online education industry saw the launch of a new, internationally-oriented project. Using both online and offline teaching methods, The Future Academy offers fully accredited secondary education programs to Russian kids 12 to 17 years of age. The school has been backed at the seed stage by Russian venture fund Digital Ventures, …
‘Future Academy’ blends online and offline to bridge Russian, US educational systems Read More »
Life.Sreda, a Russian fund investing in financial and mobile technologies, has acquired iboxPro, a leading Asian mobile point-of-sale service, and intends to merge it with its Russian portfolio company LifePay. The details of the transaction have not been disclosed, but an unnamed source told business daily Kommersant that it amounted to “up to $10 million.”
QIWI Venture, the investment arm of Russian electronic payment giant QIWI Group, has launched a new acceleration program, Universe 2.0. Like its predecessor, the program is intended to facilitate the quick launch of pilot projects which are looking to work in partnership with the company. QIWI hopes the accelerator will attract both major, established companies and …