Finance

News aggregator Anews raises $2.7 million for further international expansion

1,191 Comments / Finance, International, Internet, Mobile content, Mobile-Telecom-Satellites, News, Online media, Startups, Venture / Private equity / By

Anews, an international global news-reading service with a built-in behavioral advertising network, has received $2.7 million from TMT Investments, Run Capital, 101 Startup and several individual investors. As reported by Rusbase, TMT Investments and Run Capital each invested $1 million, in exchange for minority stakes in the company. “With its strong team, with a wealth …

News aggregator Anews raises $2.7 million for further international expansion Read More »

Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator

Finance, Internet, Internet access, IT infrastructure, M&A, Moscow, News, Regions & cities / By

Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, has acquired 75% of  Speedyline, a triple-play operator operating in the Moscow region. Trivon has also got the option for the further purchase of the remaining 25%. The deal was completed in December, but announced only last week. …

Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator Read More »

Runa Capital leads $3 million round in US startup LendingRobot

80 Comments / Banking technologies, Finance, International, News, Payment & banking technologies, Startups, Venture / Private equity / By

Earlier this week Seattle-based startup LendingRobot completed a $3 million funding round led by Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco. Club Italia Investimenti II also participated in the round along with individual investors, but the amount of their respective contributions was not disclosed. An automated investment service for online lending, LendingRobot claims to serve more than …

Runa Capital leads $3 million round in US startup LendingRobot Read More »

Siberian high tech company teams up with Singapore’s HaxAsia to launch local “fund-accelerator”

1 Comment / Finance, Incubators & technoparks, International, News, Regions & cities, Startups, Tomsk, Venture / Private equity / By

Just one year after Russia saw the launch of its first hardware-oriented accelerator, DI Group, a Tomsk, Siberia-based high tech group, has launched a “venture fund-accelerator” targeting startups in the fields of smartphones, electronics, gadgets and Internet projects. The acceleration program of up to six months encompasses the industrial design and the marketing aspects of each …

Siberian high tech company teams up with Singapore’s HaxAsia to launch local “fund-accelerator” Read More »

Yandex and CTC Media sink to record as Goldman says sell

60 Comments / Capital markets, Finance, Internet, News / By

Yandex NV (YNDX) sank to a record in New York after Goldman Sachs Group Inc. cut the stock to sell, forecasting a 31 percent drop in the Russian Internet company’s earnings this year as a weaker ruble dissuades advertisers from increasing spending. The shares slumped 8.7 percent in New York to $16.41, the lowest since the company’s U.S. …

Yandex and CTC Media sink to record as Goldman says sell Read More »

Elbrus Capital acquires minority stake in realty classifieds group Cian

187 Comments / Finance, Internet, M&A, News, Online classifieds, Venture / Private equity / By

Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market. The deal included both the sale of existing shares and a subscription for new shares. The amount of the investment and the size of the …

Elbrus Capital acquires minority stake in realty classifieds group Cian Read More »

Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016

1,198 Comments / Capital markets, E-Commerce, Finance, International, Internet, News / By

Ulmart, Russia’s leading e-commerce company, confirmed today its plan to go public next year in a yet-to-be-determined Western stock exchange, the company’s chairman and co-owner Dmitry Kostygin told Russian business daily RBC. Ulmart is thus considering raising $1 billion or more in exchange for 25% of the company’s shares. Advisers for the IPO could be …

Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016 Read More »

Vaizra invests in Israeli and US startups

103 Comments / Finance, International, Mobile content, Mobile-Telecom-Satellites, News, Startups, Venture / Private equity / By

Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, has invested in startups Moovit and Boxed. Moovit is an Israeli app which helps users to plan journeys on public transport, and Boxed is a US app for wholesale buyers. Moovit monitors levels of traffic and the schedules of different forms of public transport in …

Vaizra invests in Israeli and US startups Read More »

Rostelecom to acquire major data center and Internet infrastructure company

176 Comments / Finance, Internet, IT infrastructure, M&A, News / By

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery. In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at …

Rostelecom to acquire major data center and Internet infrastructure company Read More »

3D mobile app startup developer GeoCV closes seed-stage round

166 Comments / Finance, Mobile content, Mobile-Telecom-Satellites, News, Startups, Venture / Private equity / By

GeoCV, a startup which is developing a mobile app for creating 3D-models of interiors using mobile sensors, has received $100k investment from Starta Capital and the Moscow Seed Fund. Starta Capital provided a third of the funding, with the rest coming from the Moscow Seed Fund. GeoCV will also receive a further $50k from Starta Capital in the …

3D mobile app startup developer GeoCV closes seed-stage round Read More »