FinancePlus Top Menu

News, Deals and Events from FinancePlus

$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years

East-West Digital News, a major Russian hotel booking service, announced last week that it has raised $12 million in a round led by Vaizra Capital, a fund which belongs to Vkontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. A number of the startup’s existing investors also took part in the round. The transaction, the details […]

Local search service secures $11 million from Swedish funds

Last week, Russian online local-search service announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik. In addition to providing a search engine, offers user reviews about local companies and services. “More than a third of all online Russians will use […]

UK online rail booking system Trainline looking to launch an IPO – Sky

June 22 (Reuters) – Britain’s biggest online rail booking system Trainline is looking to list on the stock market in a move that could see the company valued at more than 400 million pounds ($680.72 million), Sky News reported. Exponent Private Equity, which owns most of Trainline, is expected to appoint advisers for the float […]

Intel Capital teams up with two Russian funds to back Ukraino-Russian bus-ticket software developer

Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed valuation. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for […]

Webydo Bags $7M To Turn More Designs Into Hosted Websites

TechCrunch June 21, 2014 Webydo, a software as a service startup that gives web designers the tools to circumvent a more traditional website creation process by excising the need for them to do any manual coding by automatically converting their design into a hosted HTML5 website, has closed a $7 million Series B funding round. […]

Box Inc. in Talks With TPG for Funding

Wall Street Journal June 20, 2014 Online-storage startup Box Inc., three months after filing for an initial public offering, is in talks to raise a round of funding from private-equity firm TPG that would help buy it time before an IPO, said people familiar with the matter. The talks started up in recent weeks, as […]

Light Chaser, The Animation Studio That Wants To Be “China’s Pixar,” Raises $20M

TechCrunch June 20, 2014 Light Chaser, the animation studio that aspires to be China’s Pixar, announced today that it has raised $20 million in series B funding led by GGV Capital, with participation from Hillhouse Capital and returning investor IDG. The company was launched in March 2013 by Tudou founder Gary Wang after Tudou merged […]

Abraaj Group aims for Cairo Medical Center takeover

DUBAI, June 19 (Reuters) – Emerging market-focused private equity firm Abraaj Group aims to complete a takeover of Egyptian healthcare firm Cairo Medical Center after announcing plans for a tender offer to shareholders. The transaction is one of a number of mergers and acquisitions deals underway in Egypt, which is showing signs of renewed life […]


VC investment falls 40% in Q1 2014 – Seasonal variation or worrying contraction?

East-West Digital News Venture investment volumes in Russia fell 42% as the number of completed deals dropped 38% in Q1 2014, says Rye, Man and Gor Securities (RMG), an independent Moscow-based investment company, in their latest quarterly report published with the participation of East-West Digital News. In what appears to be a new low for […]

Foodpanda Acquires Russian Competitor Delivery Club

TechCrunch June 18, 2014 Rocket Internet-incubated foodpanda has acquired Delivery Club in a move it says will make the combined companies Russia’s leading food delivery service with over 2,500 restaurants. The value of the deal was undisclosed. Delivery Club, which will continue operating under its own brand, was founded in 2009, shortly before foodpanda, and […]