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Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip

November 12, 2020

Earlier this month Vostok New Ventures, an invesment company listed on Nasdaq Stockholm (formerly known as Vostok Nafta Investment), has injected an additional $2.5 million in Moscow-based online travel agency Onetwotrip.com. This transaction was announced in the company’s H1 2016 activity report, which was published last week. The Swedish fund had already invested $4 million in …

Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip Read More

New platform facilitates advertising campaigns in Russian social media

August 19, 2016

Since its launch last year with several millions of US dollars in funding, Ordynets [Russian for ‘member of the Golden Horde’] is emerging as a leading ad network on the Russian social media scene. The network claims to have acquired more than 200 significant communities, which gather some 150 million subscribers. In addition, Ordynets works with more than 5,300 …

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SEC suspends ‘tech miracle’ from Siberia after stock value soared to $35 billion

November 18, 2024

Yesterday the Securities and Exchange Commission suspended trading in the securities of Neuromama (NERO), a tiny Internet company with Russian roots, “because of concerns regarding the accuracy and adequacy of information in the marketplace.” Based on the latest transactions on over-the-counter markets in the USA, the company’s capitalization exceeds $35 billion — more than Tesla or Gazprom. Neuromama’s stock …

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US restaurant solution provider acquires Russian startup iqPOSitive

August 19, 2016

iqPOSitive, a Russian developer of automation solutions for restaurant businesses, has been acquired by Revel Systems, a San Francisco-based company operating in the same field. The transaction, which took place in May, has just been revealed by the Russian media. The terms of the acquisition have not been disclosed, but iqPOSitive’s founder Timur Bagaev said we was …

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