Corporate venturing

Mail.ru Group pursues gaming acquisitions across Russia and Belarus

October 14, 2021

Mail.ru Group’s appetite for acquisitions in the gaming space was confirmed again today as My.Games Venture Capital (MGVC), the investment arm of its subsidiary My.Games, announced minority investments in three game studios. These are Tworogue Games and VOX, based in Moscow, and Wideview Games from Minsk, Belarus.  MGVC put on the table $3 million in total for these deals, which include options to …

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Yandex teams up with top US funds to commercialize database management solutions

September 22, 2021

Earlier this week Yandex, the NASDAQ-listed Russian digital giant, announced the incorporation of ClickHouse as a legal entity. This spinoff aims to provide commercial impetus to what was so far essentially a community-led open source activity around distributed database management systems (DBMS).  Under plans, new commercial products will be developed — including, for example, a cloud-based version of DBMS …

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Russian mobile operator MTS to invest $100 million in AI startups across the world

October 11, 2021

MTS AI, the artificial intelligence arm of Russian telco MTS, is launching an international acceleration program and venture fund to invest in AI startups across the world. Dubbed ‘Intema,’ the platform plans to invest some $100 million in startups from late seed up to Series B. The investments focus on language, image and behavior analytics, edge computing and logistics, Alexey Posternak, CFO …

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MegaFon exits AliExpress Russia, Mail.Ru injects $60 million to support company expansion

August 20, 2021

AfterOzon, Sber, Yandex and Auchan, a new big capital injection was announced earlier this week in the Russia e-commerce space. AliExpress Russia, the cross-border e-commerce leader and a major player on the domestic market, will receive $60 million from Mail.ru Group, one of its shareholders. The fresh funding will support AliExpress Russia’s “ongoing active expansion …

MegaFon exits AliExpress Russia, Mail.Ru injects $60 million to support company expansion Read More

Eastern Europe quarterly review : SPACs with Russian flavors, new VC darlings, food delivery disruption

August 11, 2021

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni highlights the most notable industry facts and trends across the region. The second quarter of this year was marked, in particular, by the emergence of SPACs …

Eastern Europe quarterly review : SPACs with Russian flavors, new VC darlings, food delivery disruption Read More

Women’s e-learning platform from Russia raises $3.3 million to go global

August 6, 2021

Academy of Changes (Академия перемен), a Russian edtech platform intended for women, has closed a 242 million ruble ($3.3 million) round of funding, some 18 months after inception early last year. The funding was provided by TMT Investments, a London-based fund with Russian connections, and by the corporate fund of MTS, the Russian mobile major …

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Moscow-based TalkBank raises $3 million to develop “bank in messengers”

June 18, 2021

A Russian neobank called TalkBank has neither physical branches, nor call centers, nor even a mobile app. Its principle consists in offering “a bank in messengers,” i.e. Telegram, Facebook, WhatsApp or Viber. “Digital financial assistance” is provided by a smart bot that “understands banking commands in natural language.”  Thus customers will be able to better plan their budget and …

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BestDoctor.ru attracts $26 million from major Russian, Austrian and Swedish investors

June 17, 2021

In late May Russian insuretech leader BestDoctor closed a $26 million round with an impressive investor consortium. The money was brought in by Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin; UNIQA Ventures, which is affiliated to a major Austrian insurance group owned by Raiffeisenbank; and VNV Global, a major …

BestDoctor.ru attracts $26 million from major Russian, Austrian and Swedish investors Read More

A Russian-founded startup from California attracts $20 million to help businesses create bots easily

June 2, 2021

A young Californian startup created by four Russians could well become one of tomorrow’s leaders in robotics automation. Two years after inception, it has just raised $20 million from international investors — with a valuation exceeding $100 million, according to Forbes Russia. Thanks to ElectroNeek’s robotic process automation platform, businesses can now create more easily digital workforce and personal assistants. As reported …

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A new wave of funds: Russian investors assert themselves on the domestic and global markets

May 21, 2021

The Russian venture scene is tiny, but vigorous: several new funds were announced over the past few weeks, targeting a variety of sectors and geographies, sometimes with very specific approaches.. 10 billion rubles for Russian tech startups One of these new funds was announced by TealTech Capital, a PE/VC firm owned by Yury Alasheev, Andrey Ivashchenko and Andrey …

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Sberbank promises to double online ecosystem investments over the next three years

May 5, 2021

In September last year Sberbank, the state-controlled financial and digital giant, rebranded itself to just ‘Sber,’ dropping the word “bank” from its name, but the change has not really caught on. The management is now ramping up its rebranding drive and has promised to double investment into building its new “bank plus everything else” online …

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Russian agroindustrial major GrainRus invests in international foodtech fund

April 29, 2021

GrainRus, a Russian importer and producer of raw materials for the brewing and dairy industry, has become a limited partner (LP) of a Hong Kong and US-based foodtech fund.  Lever VC was launched in 2018 to invest in the alternative protein space. Its team includes early investors in Beyond Meat, Impossible Foods, Memphis Meats and other …

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