News, Deals and Events from FinancePlus

Russian venture 2014 – The highlights

As a busy year draws to a close, RusBase has asked 10 Russian venture capitalists what they think were the most important events of 2014. Andrey Romanenko, Run Capital: “Considering that Run Capital was only founded in April, we think this year was a successful one. The most important event for us was our $6 million investment in […]


Virtual shoe-fitter wins 15 million ruble grant from Skolkovo

East-West Digital News A tech startup that is looking to make those hellish trips to the shoe store a thing of the past has won a grant of 15 million rubles (approximately $275,000 at the current exchange rate) from Skolkovo Foundation. Fitanny’s virtual shoe fitter compares your foot structure to the type of shoe you’re interested […]


Chinese Fashion And Lifestyle Site Yetang Raises $5M Led By DCM

Yetang, a Chinese site that sells fashion and lifestyle products by smaller brands and designers around the world, has raised $5 million led by DCM. While smaller e-commerce sites face plenty of competition from formidable rivals like Alibaba’s marketplace Taobao, Yetang co-founder Natasia Guo says her startup’s goal is to figure out how to make […]


Social Cloud Storage Platform Raises $500,000 In Seed Funding

TechCrunch The cloud storage business is already crowded, with leading competitors including Dropbox, Google Drive, iCloud, Box, and OneDrive., which just came out of beta, is one of the latest entrants in the space, but it hopes to stand out by turning cloud storage into a social experience. In other words, you can share […]


News Corp Buys India-Based Financial Planning Service

Fresh from making its first investment in India last month, News Corp has now completed its first acquisition in the country, buying financial planning service as Next Big What first reported. The service is designed to be a one-stop-shop that uses data and algorithms to help consumers in India make better financial decisions, for […]


Russian e-commerce fashion industry report Q4 2014

East-West Digital News Several changes in the Russian e-Commerce Fashion market have transpired over the past year.  This 90-slide industry report prepared by Yandex analysts covers these changes in detail. User interest in online shopping with the intent to purchase has increased by 16% in the last year in Russia.  This major growth has offset […]


All Day Raises $2 Million To Be A Media Portal For The Twitter Generation

Would-be media moguls take heart: with nothing more than a Twitter handle and a dream, you can raise capital to become the next Vice or Vox Media Group, or Buzzfeed. All it takes is a knack for viral content, 2.15 million followers on your marquee Twitter account, and a core team of (incredibly) young social […]


Inbox Messenger Raises $3.9 Million For Its Design-Focused Private Messaging App

TechCrunch A mobile messaging application called Inbox Messenger, which combines user privacy features with a minimalist design, has raised $3.9 million in seed funding, the company announced today. The investment, though higher than the average seed round, comes from a group of unnamed angel investors and is designed to help the company grow its engineering […]


Infinity Levels Raises $500,000 To Develop Supercell-Inspired Games In Southeast Asia

TechCrunch Bangkok-based gaming startup Infinity Levels has landed $500,000 in funding to help it follow the model of success popularized by Supercell’s business and its blockbuster smash title Clash Of Clans. Infinity Levels actually pivoted from an original focus on dating apps to games last year. Having taken an early seed funding round from Thai […]


SoftBank Leads $90M Round For India’s To Continue Its Asian Spending Spree

TechCrunch SoftBank’s investment spree in Asia is continuing today after the company announced a $90 million round for Locon Solutions, the company behind India’s property portal. The Japanese telecom giant led the round in the property search company, with additional participation from Falcon Edge and other undisclosed investors. This new raise takes to […]