Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested an undisclosed amount in Zdravprint, a Russian startup that develops medical 3D-printing technology. It is the first time Zdravprint has received venture money, the fund’s Corporate Communications Director Nadir Khabdulin told East-West Digital News.
Moscow and Amsterdam – Yandex (NASDAQ: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the fourth quarter and the full year ended December 31, 2014. “The company performed well in the fourth quarter and demonstrated another full year of excellent results, despite the difficult …
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Siguler Guff and CapMan, two international private equity firms, announced last week an investment in Maximum Education, a major Russian provider of educational test preparation services, in exchange for “a significant minority stake.” Siguler Guff declined to disclose any further details of the transaction, but Maximum Education CEO Michael Magkov told East-West Digital News it …
Russian fintech fund Life.Sreda is seeking buyers for the greater part of its portfolio companies, both Russian and foreign, Russian business daily Vedomosti has learned from unnamed industry insiders. The fund intends to concentrate on the development of its most promising project, mobile acquiring startup LifePay. In an exchange with the newspaper, Life.Sreda representative Anna …
Netology Group, a major Russian online education platform, announced last week that it raised $2.1 million from Buran Venture Capital and InVenture Partners. This round is Netology’s third one in less than one year, following a Series A round with InVenture Partners in April 2014 and a $1.1million capital injection from the same fund in September.
Yandex is purchasing Ros.Taxi, a software program for the management of taxis. It allows taxi businesses to take orders, coordinate and lead the work of drivers. Included within the Ros.Taxi brand is a mobile application called Taximeter, which determines the cost of a journey and provides drivers communication with dispatchers. Together with Yandex.Taxi – an …
The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015. The plan was announced by S&T Vice-President Alexander Malshakov, responsible for the company’s business in Eastern Europe. S&T AG plans to buy several Russian IT companies, …
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Illustrating the appeal of e-learning projects in the eyes of Russian investors, online micro-course platform Coursmos has received $600,000 in seed investment in a deal led by Altera Capital Group with participation from Imperious Group. Coursmos has now raised a total of $1.2 million in investment since it was launched in March 2014. Coursmos offers 11,000 micro-courses across 20 areas, …
Illustrating the relative resilience of the Russian e-commerce market amid the current economic turmoil, leading flash sales platform KupiVIP.ru reported a 44% revenue increase year-on-year in Q4 2014. The company attributes this growth to consumers switching from traditional and online retail to discount-based sites. Sales also grew due to the development of the site’s cross-border …
KupiVIP.ru close to break-even, reports 44% year-on-year sales growth in Q4 2014 Read More »
Moscow Seed Fund, the venture arm of the Moscow City authorities, is concluding its first three-year investment cycle. In partnership with Softline Venture Partners, the fund supports venture investors in financing small businesses in the science and technology sector. It backed startups Context Broker and AppStarter at the end of 2012 and early 2013 respectively. Both startups have …
Moscow Seed Fund concludes first investment cycle Read More »