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Guard Capital invests $2.8 million in doctor social network

Moscow based fund Guard Capital has bought 15% of DoktorNaRabote, a Russian social network for doctors, for $2.8 million. The project’s cofounder Stanislav Sazhin stated that the business angels from whom Guard Capital purchased its stake left the company having made tenfold profits. DoktorNaRabote was founded by Andrey Perfilev and Stanislav Sazhin on 14th October 2009, so it will […]

Mobile Music Acquired By Warner Music Group

In early July we reported exclusively that Spotify community and playlist sharing site was in acquisition talks, with one suitor — a prominent music industry company — in the lead. Well, today comes official confirmation that the UK startup has indeed been acquired by WEA, the artist and label services company owned by major […]

Life.SREDA launches new international fintech fund with $100 million target

East-West Digital News Yesterday Life.SREDA, a Moscow-based venture fund focusing on mobile and online fintech startups, announced plans to launch a second, internationally oriented fund of $100 million. Existing Life.SREDA backers have already provided one fifth of the target amount, or $20 million, for the new fund. Further fundraising talks are being held with several large […]

Softline Seed Fund invests in online business meeting facilitator

East-West Digital News Softline Seed Fund, a VC fund set up in the end of last year by the Softline and government-owned RVC Seed Fund, has invested 7.5 million (nearly $190,000) in the Business Family online network in exchange for a 7% stake in the company. The Business Family project began two years ago as a business-oriented […]

Smartzer Zips Up $400k To Make Fashion Videos Shoppable

UK b2b startup Smartzer, which was founded back in December 2012, has pulled in $400,000 in angel funding to launch a fashion-focused video tagging tech that’s designed to make look book, catwalk and other fashion video content shoppable. Serial entrepreneur Jamie True is one of the angels in this round, the rest are undisclosed private […]

Delivery Hero Buys Brazil’s Subdelivery As It Beefs Up In Asia And LatAm

Delivery Hero, the startup that is now valued at over $1 billion and is raising a lot of cash to compete heavily against the likes of Just-Eat and FoodPanda in the food delivery market outside the U.S., is adding another acquisition to its list as it focuses on growth in Latin America and Asia. It […]

Gazprom-Media to acquire new Russian Internet assets

East-West Digital News Gazprom-Media, a leading media holding affiliated with gas giant Gazprom, is about to acquire an 82.7% stake in WebMediaGroup, the owner of several Internet and e-commerce sites in Russia. The planned acquisition was appoved last week by the Federal Antimonopoly Service, reported the e-commerce online portal The details of the transaction […]

Australia’s APN Outdoor to offer up to A$349 mln in shares in IPO – source

SYDNEY, Oct 10 (Reuters) – Australia’s APN Outdoor plans to sell up to A$349 million ($306 million) in shares in an initial public offering as Quadrant Private Equity sells down its stake in the digital billboard company, a source working on the deal told Reuters on Friday. * IPO would value company at up to […]

US SEC needs new standards for investing in private deals -panel

WASHINGTON, Oct 9 (Reuters) – – U.S. regulators should revisit 1980s-era rules designed to prevent people with limited financial literacy from investing too much of their nest eggs in risky private stock deals, an advisory panel said on Thursday. The U.S. Securities and Exchange Commission’s Investor Advisory Committee said the SEC should consider imposing limits […]