Finance

IDCEE 2013: Kiev meeting point for US tech veterans, Eastern European startups, global VCs – and Brazilian guitar players

Since its inception in 2010, Kiev’s IDCEE has asserted itself as the leading tech event for Central and Eastern Europe’s investors and startups (see last year’s report by East-West Digital News). A rare phenomenon in such events, investors – coming from all parts of Europe and from as far away as the USA and India …

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TMT Investments injects additional $450,000 in US sales management software company Pipedrive

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced an additional investment in US software publisher Pipedrive. Incorporated in Delaware and headquartered in California, Pipedrive has developed powerful online sales management software aimed at businesspeople who want to actively drive their sales process and spend less time on administration.

Geolocated job search app launches in Moscow with $300,000 angel support

Qwenty, a Moscow based startup developing a mobile app for geolocated job searches, has raised $300,000 from serial startup investor Igor Ryabenkiy via his fund Altair. The fund now holds a 35% stake in the startup, the news agency RIA Novosti reported. The iOS and Android app, which is scheduled for launch in Moscow later …

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Online hotel booking service Oktogo.ru acquires information portal Travel.ru

Last week Oktogo.ru announced the acquisition of information portal Travel.ru for a price of “up to $2 million including stock incentives,” according to a company statement. Founded in 1998, Travel.ru is one of the oldest resources in the Russian-language online travel segment. It reaches approximately 1.7 million users each month with up to 5 million page …

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From San Francisco, to Kiev, to Moscow – Four exciting events to discover Russian innovation

Whether you live in the US, Europe, or Russia, several major events in the coming weeks will provide you with unique opportunities to get acquainted with the latest of Russian high tech and entrepreneurship: The Russian Innovation Week next week in Boston and San Francisco; StartupMonthly events in Moscow on Sept. 22, 23 and 28; IDCEE …

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Mail.ru shuts the door on US equity by shedding last of Facebook shares

In its IFRS results report for H1 2013 published last week, Mail.ru Group, a leading, LSE-listed Russian Internet group, has made public the fact that over the course of July and August it disposed of its remaining $525+ million worth of Facebook equity, a total of 14.2 million shares. The group did not disclose the …

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US-style Russian startup raises $500,000 to compete with SlideShare

Russian venture fund Prostor Capital has just invested $500,000 in Penxy, a Moscow-based startup that allows presenters to create “narrated slide shows.” The Penxy iOS app, which was released this past June, allows for one-tap streaming and recording of live presentations. The free app is easier to use than SlideShare, as presenters do not have …

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$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic

Last week Palo Alto, California-based startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced that it has secured an investment from Maxfield Capital, a $100 million Russian venture fund that focuses on the IT and Internet segments. The startup, which has Ukrainian and Russian roots, also announced the appointment of Silicon …

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Moscow startup Goodwin turns magazines, TV screens, and subway advertisements into supports for mobile commerce

While Russian retailers are experimenting increasingly with multichannel approaches, Goodwin, a Moscow-based startup that has just secured seed investment, is introducing a pioneering mobile commerce project. Inspired by the Amazon Flow concept, Goodwin lets smartphone owners buy products from “virtual storefronts” – which can be almost anything from an article in a magazine, to a …

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Children’s goods online retailer Babadu.ru contends for market leadership after raising sizeable venture investment

In late August, Babadu.ru, an online children’s goods retailer, secured an investment of “a few million US dollars” from Target Ventures, a Russian fund that invests in the consumer goods industries. The funds will be used to strengthen the company’s existing projects and launch new ones, so that the company can reach a “leading position” …

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Moscow City launches investor-friendly startup incubator

In late August, the Moscow Innovation Development Center (IDC), an agency established last year by the Moscow government to foster high tech sectors in the capital, launched its first incubator, christened “API Moscow.” Located in Digital October, a major tech event venue in Moscow’s center, the incubator already hosts no fewer than 30 startups, providing them with infrastructure …

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Leading international conference to highlight thriving bank card and payment industries in Russia and neighboring countries

On September 26-27 in Moscow, the Association of Regional Banks of Russia (ASROS) and Finance Media will organize the 8th annual “Bank Cards and Payment Technologies 2013” conference in partnership with East-West Digital News. For the past seven years, the conference has asserted itself as a leading event on the bank card business and non-cash payment …

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