Last week Russian offshore software developer Luxoft began trading on the New York Stock Exchange. Its stock was initially offered at $17 per share, but at the end of the IPO day the share price increased to $20.38, showing 20% growth and valuing Luxoft at some $555 million. In total, during the IPO Luxoft has …
Moscow-based startup Travelata.ru has just raised $5 million in a Series A round from Polish private equity fund MCI Management. The capital injection went through Invia.cz, one of MCI’s portfolio companies, which sells package tours online in the Czech Republic and four other Eastern and Central European countries. The funding will be used to further …
Package tour reseller Travelata.ru secures $5 million investment from Poland’s MCI Read More
Willemstad – Startup Stock Exchange (SSX), a global, regulated marketplace for startup investing and funding, was launched on June 10th and is now open for Russian investors and Russian startups. On SSX, investors of any level buy ownership shares of vetted startup companies. Shares trade freely on the exchange, providing a liquid market. Investors can buy …
Global marketplace for startup investing and funding open to Russian players Read More
“I want to assure you on behalf of the Kremlin and the government of the Russian Federation that Skolkovo is here to stay, it is our strategic course, and there can be no changes there,” the Russian news agency ITAR TASS quoted Sergey Ivanov, the Russian president’s chief of staff, as saying last week. “Individual scandalous …
Russian billionaire Alisher Usmanov, who controls amost 40% of Vkontakte via the Mail.Ru Group, of which he is one of the main shareholders, is no longer considering an IPO for the social network. The decision was reported by the Russian news agency ITAR-TASS, based on an exchange with Ivan Streshinsky, the general manager of Usmanov’s …
Mirantis, a California-based software developer and systems integrator with offices in Russia and Ukraine, attracted a $10 million Series A funding round in early June. The investment was made by Ericsson, Red Hat, and SAP Ventures, along with existing investor WestSummit Capital. The company plans to use the funding to enhance the engineering roadmap for …
Russian-American software developer Mirantis lands $10 million in funding Read More
The Russian venture fever hit the Tomsk region in Siberia last week with the announced launch of a regional seed-stage fund. The new fund is expected to focus on the support of technology developments across the region’s innovation production clusters and in local academia. The fund will operate as an Open Investment Society (in Russian: …
Tomsk’s new VC fund to back seed-stage efforts in business and academia Read More
Russian tech fund Softline Venture Partners and the Moscow Seed Fund announced last week that they have closed a funding deal with ITMan, a startup providing SMB companies with SaaS (software as a service) solutions to control IT assets. While neither the amount of the investment nor the stake the investors have acquired in ITMan have been …
SaaS startup ITMan attracts investment from Softline and Moscow Seed Fund Read More
Lamoda.ru, one of Russia’s four leading online fashion retailers, has just secured $130 million from Access Industries, Summit Partners and Tengelmann. The transaction marks the most significant investment volume in the history of Russian e-commerce, topping a $100 million funding deal completed in September 2011 for Ozon.ru. Lamoda offers more than 1,000,000 products and 800 international brands. It …
Moscow-based social startup Flocktory announced last week that it has landed a $1.5 million Series A funding round from Digital Ventures, a new Russian venture fund, which has obtained a minority stake in the company. The main product that Flocktory is working on is a SaaS platform, which allows e-commerce companies to target the most …
Russian social marketing startup Flocktory raises $1.5 million from new Russian tech fund Read More
Last week Runa Capital, a Moscow-based, $135 million tech fund that operates internationally, closed a $3 million funding deal with Playtox, a software developer and publisher that specializes in free-to-play mobile browser games. As a result of the series A financing round, Runa Capital has purchased an undisclosed minority stake in Playtox. Founded in 2010, …
Russian gamedev startup Playtox secures $3 million from Runa Capital Read More
Last week, the Microsoft Russia Seed Fund announced it has disbursed another $160,000 to support Russian startups developing IT projects. A $60,000 grant went to Appercode from Siberia’s Novosibirsk. The Appercode team pushes a solution that would enable application developers and systems integrators to create .NET/C#-based cross-platform mobile apps. The product is believed to reduce …
Microsoft Seed Fund backs app development and genetic diagnostics Read More
