Finance

Rusnano exits US Wi-Fi chipset provider Quantenna with high return

February 18, 2019

Rusnano, the Russian state-controlled nanotechnology corporation, has exited Quantenna Communications, a US-based provider of high-performance Wi-Fi solutions, six years after an investment of around $20 million in the company. Revealed by SEC documents and confirmed by Rusnano, the exit transaction took place December 2018. The Russian firm received some $43 million in exchange for its …

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Baring Vostok founder under arrest: The Russian tech investment community under shock

March 5, 2019

US citizen Michael Calvey, a figure of the Russian private equity scene, was detained Friday in Moscow as part of a large-scale fraud investigation (read more about the charges). The news has put the Russian investor and tech community under shock. Calvey is the founder of Baring Vostok Capital Partners, one of the most established …

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HeadHunter invests in AI-powered recruitment solution developer

February 15, 2019

HeadHunter has acquired a 25% stake as a result of a capital injection into Skillaz, a developer of advanced recruitment solutions. The news was reported earlier this week by business daily Vedomosti, which cited exchanges with an official company HeadHunter representative. The funding will be used for recruitment and company development purposes. Neither the amount nor other …

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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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Siberian startup secures $1 million to develop “vertical farms” across Russia and Europe

November 11, 2020

iFarm, a Novosibirsk, Siberia-based startup, has just secured $1 million in a round led by Gagarin Capital – the California-based VC firm founded by Nick Davidov and Mikhail Taver – with participation from individual Russian investors. The details of the deal have not been disclosed. This agritech startup builds vertical farms, which “use a footprint …

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IXcellerate and Rostelecom plan to invest massively in Russian data centers

February 11, 2019

Last week IXcellerate, a leading commercial data center operator in Russia, announced a five-year $260 million investment plan. The funding will be provided by the company’s shareholders as well as bank financing and an additional injection of “foreign capital.” By 2023, according to this plan, the company will operate the existing Moscow One Datacentre and run “at least four …

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CrunchBase and EWDN team up to cover regional tech and venture trends

February 13, 2019

CrunchBase has teamed up with East-West Digital News to cover key tech and venture trends from Russia and neighboring countries of the former Soviet Union. Starting from now, EWDN chief editor Adrien Henni publishes a monthly column in this famous industry resource, highlighting the most notable deals as well as promising tech innovations from Russia, Ukraine, Belarus …

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Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly

November 12, 2020

Moscow-based grocery delivery service Golama has attracted 150 million ruble (approximately $2.3 million) in equity funding from an unnamed individual investor, according to media reports. The funding will be spent on expanding Golama’s network of partners, which include retail chains and stores, and its goods and services offer. Golama told Russian online tech resource Rusbase …

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Gazprom Media and US investor back catering startup from Moscow

February 13, 2019

Gazprom-Media, Russia’s largest Russian media holding and a subsidiary of Gazprom, has led a $2 million funding round for Catery. This Moscow-based catering startup, launched in 2016, organizes deliveries to corporate clients. It operates in Moscow, St. Petersburg, Kazan, Rostov-upon-Don and Nizhny Novgorod, based on partnerships with more than 500 restaurants. According to a Catery …

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Russian business analytics startup raises $4 million to expand internationally

July 13, 2019

iTech Fund II and Skolkovo Digital (two funds managed by iTech Capital and Skolkovo Ventures, respectively), have jointly invested $4 million in Roistat, a Russian business analytics startup. The deal was reported by Rusbase, which cites exchanges with iTech Capital. Its terms were not disclosed. Founded in 2014 by German Gavrilov and Evgeniy Udodov, Roistat …

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Russian-founded startup raised $8 million to develop car rental services across the world

February 4, 2019

Get Transfer, a car rental startup with Russian roots operating internationally, has raised $8 million in total since early 2018, with a last capital injection of $3 million this month. The main investors are two international funds with Eastern European managers, Emery Capital and Castel Capital, and Russian airline S7 Group. The latest deal valued Get Transfer at …

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