Grishin Robotics has agreed a “strategic partnership” with Epic Games, a US video game and software development corporation, to “drive innovation in robotics and simulation” using Epic’s Unreal Engine. The fund is ready to invest as much as $100 million in startups using this technology “to create innovative and time-saving applications in robotics, smart hardware …
Russian local service startup Pay-Z has just launched a “pay by app” solution for shopping aficionados to avoid standing in queues. Pay-Z users may scan barcodes of the chosen goods, which automatically adds them to an online cart. Customers will settle their purchase through a special terminal by a check-out lane, or directly through the app. …
Russian startup launches app to shop without queueing Read More
Larnabel Ventures, a Moscow-based company founded by the Gutseriev family to invest in IT, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $2 million in Read2play, as reported by VentureBeat earlier this month. Developed by Belarusian AI startup FaceMetrics, this app presents itself as “not just …
Russian and Belarusian funds invest $2 million in AI startup Read More
DST Global, a major global venture fund managed by Russian billionaire Yuri Milner, led a $210 million round for the Indian food delivery startup Swiggy, TechCrunch has reported. Another leading investor was the startup’s earlier backer Naspers. The round brought the company to a $1.3 billion valuation. According to CrunchBase, Swiggy has raised to date $465.5 …
DST Global leads giant round for Indian food delivery startup Read More
Mail.Ru Group, the LSE-listed Russian Internet giant, and Vezet (“it’s giving a ride” or “to be in luck” in Russian), a major taxi aggregator in Russia, have inked a convertible loan agreement which is described as “part of the preparation for a new round of investment.” Neither the terms, nor the amount of the deal, which …
Yesterday Nginx (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, announced a $43 million Series C round led by Goldman Sachs Growth Equity. Ngnix’s founder, Igor Sysoev, is a former system administrator at Rambler, a pioneer Russian web company. He initially released his server software in 2004 and has been developing his web server solution since …
American-Russian web server publisher Nginx secures $43 million from Goldman Sachs Read More
Earlier this month Rosatom, the Russian state atomic energy corporation, announced that it will inject up to 3 billion rubles ($47.5 million at the current exchange rate), along with other LPs, in a new venture fund christened ‘Digital Evolution Ventures.’ The fund will focus on business solutions for a range of promising industries, not only nuclear related, told …
Softline, a Moscow-based international software licensor and IT service provider, has acquired a minority stake in its Norwegian IT counterpart Crayon, the company announced earlier this month. Although the amount of the deal has not been disclosed, Russian business daily Vedomosti reports that Softline may have put around $12 million on the table to acquire …
Russia’s Softline acquires stake in Norwegian Crayon Read More
The Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, has announced the results of its operations since inception. The fund launched in mid-2013 as an instrument to support the emergence of a strong startup industry in Russia. It initially received the equivalent of $200 million – a huge …
IIDF, Russia’s largest startup fund, celebrates 5 years of operations Read More
Konstantin Khabensky, a famous Russian actor and director, has teamed up with Ilya Zibarev, the ex-chairman of the bank Russian standard, and Nick Evdokimov, the founder of ICOBox, an ICO suport service provider, to launch Cinematix. The news was reported last week by Russian business daily Kommersant. Touted as “the world’s first platform for mass-producing ICOs for …
GdeMaterial, Russian DIY marketplace, has attracted $500,000 from Niels Tonsen, Burkhard Binder and Dominik Picker, co-founders of fashion retailer Lamoda.ru, as well as from Vadim Fedotov, ex-CEO of Groupon Russia and Gazprom-Media Technologies. The news was reported earlier this weeek by Russian business daily Kommersant. Other investors included Impulse VC, a venture fund which is reportedly affiliated to …
Russian DIY marketplace secures $500,000 from international business angels and VCs Read More
iGooods, a Saint Petersburg supermarket delivery service, has attracted 123 million rubles (roughly $1.9 million at the current exchange rate) in exchange for a 24.6% stake in the company. The news was reported by Russian business daily Vedomosti this Monday. The investors included Moscow-based venture fund SOL Ventures, ex-partners at the venture fund Quadriga Capital Russia, …
Russian supermarket delivery service attracts $1.9 million from local investors Read More
