Search Results for: inventure

Two startup entrepreneurs from Russia aim to “revolutionize SME finance” in Germany

March 22, 2021

Earlier this month in Germany, a Russian-founded startup  launched a “4-in-1 finance platform” for SMBs — a solution that automates admin and accounting processes.  The startup, dubbed Monite, also announced the completion of a €1.1 million pre-seed funding round, which involved no less than 10 investors. Among them are Berlin-based signals Venture Capital, Zurich-based Tomahawk VC, Turkish fund InVentures …

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Russian online freight service Deliver secures $7 million to pursue international expansion

January 6, 2021

In the last days of December Deliver announced it secured 500 million rubles (nearly $7 million at the current exchange rate) from VEB Ventures (formerly VEB Innovations), a venture fund backed by state development agency VEB.RF (Vnesheconombank). An internationally successful Russian online freight service, Deliver has set for itself the mission of “solving the inefficiencies of the logistics market by applying modern …

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BlaBlaCar completes acquisition of bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is expanding to a new market segment with the acquisition of international bus ticketing platform Busfor. The deal, announced in September, has just been completed after obtaining the required antitrust permits in Ukraine, reports Kyiv Post. The terms of the agreement have not been disclosed, but it might …

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French carpooling giant BlaBlaCar to acquire bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, aims to expand on a new market segment with the acquisition of international bus ticketing platform Busfor. The news was reported today by business daily Kommersant, which cites exchanges with BlaBlaCar’s CEO Nicolas Bruisson and Busfor co-founder Ilya Yekushevsky. The deal, which is still subject to regulatory approval, …

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Swedish investor VNV injected $8.5 million in Busfor in 2018

February 15, 2019

In December last year Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4.5 million in online bus ticketing platform Busfor, in addition to the $4 million it had injected in the company in mid-2018. The latest transaction was revealed yestersday by business daily Kommersant, based on VNV’s latest financial report and …

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Russian and Abu Dhabi sovereign funds inject $7.5 million into Russian online freight service

October 3, 2018

Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a $7.5 million investment deal. The backers are Russian Direct Investment Fund (RDIF) and Mubadala, the Russian and Abu Dhabi sovereign funds, respectively. The respective contributions of the two funds have not been disclosed, but Deliver founder Danil Rudakov told Vedomosti that the investment will …

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Swedish investor VNV invests $4 million in Busfor

February 15, 2019

Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4 million in the Eastern European online bus ticketing platform Busfor. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …

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eSports startup Learn 2 Play agrees up to $3 million investment plan with VCs and angels

April 26, 2018

Confirming the appeal of eSports projects, Russian startup Learn 2 Play announced earlier this week that it raised nearly $1.1 million from a pool of venture funds and business angels. These investors, who have received a minority stake, include VC funds Buran and ru-Net, Anton Inshutin (InVentures Partners), Jarom Severson (Chess.com), Erik Allebest (Chess.com) and Lev …

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Online education platform Skyeng attracts investment from PE giant Baring Vostok at $100 million valuation

January 23, 2018

Baring Vostok has invested an undisclosed amount in online education platform Skyeng, with specializes in English teaching. Confirming the deal, a Baring Vostok representative told Russian business daily Kommersant that the fund acquired a minority stake. Skyeng, a Moscow-based startup launched in 2012, claims to have generated 725 million rubles (around $12.5 million) in revenue last …

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Baring Vostok and Elbrus Capital acquire additional stakes in online ticketing service Busfor

January 23, 2018

InVenture Partners, a major Moscow-based fund, has sold its share in Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine. The news was reported earlier this month by Russian business daily Vedomosti. The stake was acquired for an undisclosed amount by private equity funds Baring Vostok Capital Partners and …

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Russian investors back French online freight service Convargo

November 1, 2017

Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups. Just months ago Inventure Partners invested $3 million in a …

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Russian billionaire invests more than $20 million in online education platform

August 17, 2017

Illustrating the growing interest of Russian corporations in online education, Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has just acquired a 40% stake in Netology Group. The shares were sold by previous Netology investors, the Russian funds Buran Venture Capital and InVenture Partners, which fully exited the company. The financial terms of the deal have not …

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