Startups

State fund FRII teams up with mobile operator Yota to support startups

3 Comments / Finance, Mobile-Telecom-Satellites, News, Operators, Startups, Venture / Private equity / By

Russian mobile operator Yota has become a partner of FRII, the $200 million government-backed fund launched last year to support Russian Internet startups. The company will invest in the fund’s startups, and may also look at acquiring some projects. Startups will also benefit from the company’s support through assistance with infrastructure and the use of Yota’s resources in …

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Young entrepreneurs open business incubator in Ufa, industry veteran launches “anti-accelerator” in Moscow

2,647 Comments / Bashkortostan, Incubators & technoparks, News, Regions & cities, Startups / By

On December 1, Ufa, the capital city of Bashkortostan in the Southern Urals, saw the opening of new business incubator Smart Park, the local media reported. The space was created by the young entrepreneurs of the capital for actively minded people that are promoting new ideas and developing long-term projects. Smart Park includes a co-working …

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Wakie, the social alarm clock that lets you wake up strangers, finally arrives on iOS

231 Comments / International, Mobile content, Mobile-Telecom-Satellites, News, Startups / By

– “Hey there, I’m just calling to wake you up,” I said a little awkwardly. – “Thanks. Where are you from?” replied a female voice with a thick Irish accent. – “The UK. You’re from Ireland, right?” – “How could you tell?” she said wryly. – “The flag at the top of the screen.” It took 9 months to be …

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Phenomen Ventures takes part in €13.5 million funding round for German home-cleaning marketplace Helpling

1,135 Comments / Finance, International, Internet, News, Online classifieds, Startups, Venture / Private equity / By

Phenomen Ventures, a $300 million international venture fund launched last year by Russian businessman Dmitry Falkovich, has invested in Helpling, the online marketplace for household cleaners backed by Germany’s Rocket Internet. The deal is part of a Series A round of 13.5 million euros ($16.8 million), which has also involved Mangrove Capital, Point Nine Capital …

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Igor Ryabenkiy’s Altair fund attracts new partners to invest more in international startups

75 Comments / Finance, International, News, Startups, Venture / Private equity / By

Russian-Austrian startup investor Igor Ryabenkiy is attracting partners to his investment fund, Altair Capital Management, aiming to raise $20 million before the end of this year Two figures from the Russian venture scene, Igor Matsanyuk and Mikhail Vinchel, have already brought in a part of the funding via their own investment vehicles. Other LPs are expected …

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Life.SREDA invests in mobile bank Rocketbank

Banking technologies, Finance, Mobile commerce, Mobile content, Mobile-Telecom-Satellites, News, Payment & banking technologies, Startups, Venture / Private equity / By

Last week Life.SREDA, the venture arm of Russian finance group Life, announced its investment in mobile bank Rocketbank. The amount of the transaction has not been disclosed, but an unnamed source close to the deal told Russian tech blog Firrma.ru that the fund’s stake in Rocketbank does not exceed 10%. Life, which is made up of seven commercial banks across Russia, …

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Why Russia’s Imperious Group is investing millions of dollars in Ukrainian startups

74 Comments / Finance, International, Startups, Venture / Private equity / By

Launched in 2010 in Russia, Imperious Group began investing in Ukrainian startups last year. Regardless of the political tumult, the fund’s interest in this market was maintained this year to such an extent that has it has become one of the most active funds in Ukraine with more than $3 million invested so far. This year, Imperious …

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Russia’s Flint Capital invests $6.2 million in European data-driven consumer lending technology

Banking technologies, Finance, International, News, Payment & banking technologies, Software, Software & Hardware, Startups, Venture / Private equity / By

Cream Finance, a European company that provides short-term consumer loans, has raised $6.2 million (€5 million, both debt and equity) from Flint Capital, a globalized Russian venture fund launched last year. Founded in 2010, Cream Finance is the parent company of CreditOn, LendOn, and CreditOne, consumer credit services that operate in Latvia, Czech Republic, Poland, Georgia, …

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Dashboard Systems receives $2 million from Buran Venture Capital and LANIT

Finance, News, Software, Software & Hardware, Startups, Venture / Private equity / By

Dashboard Systems, a Russian corporate software publisher, has raised “more than 100 million rubles” (approximately $2 million at the current exchange rate) from Russian IT firm LANIT and fund Buran Venture Capital, Vedomosti reported last week. Dashboard Systems founder Vladimir Bernstein told the business daily that both companies will receive a blocking stake in the company, but did …

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Auto technology startup Bright Box secures $1.5 million from Leta Capital

1,131 Comments / Finance, International, News, Software, Software & Hardware, Startups, Venture / Private equity / By

Leta Capital, the venture arm of Russian IT security solution provider Leta Group, has invested $1.5 million in Bright Box, a Russian company specialized in developing tech solutions for the auto industry. Bright Box’s solution, chistened Remoto, allows clients to remotely control vehicle functions such as climate control and locks via their mobile phone and to receive …

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