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Gazprombank takes control of WebMediaGroup

Gazprombank takes control of WebMediaGroup

Feb 18, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Gazprombank, an affiliate of the state-controlled gas giant, now has a controlling stake in WebMediaGroup, after acquiring the stake previously held by Rostelecom’s president Sergey Kalugin. WebMediaGroup’s other shareholders are Leader...
Russia’s venture capital industry has grown tenfold since 2007

Russia’s venture capital industry has grown tenfold since 2007

Feb 17, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Ernst & Young (EY) and RVC, the state-owned fund of funds for developing the Russian venture industry, have just issued a survey on market dynamics titled “Russian and Global Venture Markets, 2007–2013.” According to report, the Russian VC...
Grishin Robotics invests in Californian startup to “create a fresh approach to music.”

Grishin Robotics invests in Californian startup to “create a fresh approach to music.”

Feb 4, 2014 | Central & Eastern Europe, News, North America, Russia

East-West Digital News Yesterday Boombotix, a San Francisco-based startup developing audio hardware and software, announced a $4 million strategic investment from existing and new investors. Among them is Grishin Robotics, a venture fund launched in 2012 by Mail.ru...
Yandex invests in MultiShip: A perfect match on the Russian e-commerce service scene

Yandex invests in MultiShip: A perfect match on the Russian e-commerce service scene

Jan 31, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Yandex announced earlier this week an agreement with MultiShip, a Moscow-based startup that aggregates offers from different shipment companies to help online retailers optimize their deliveries across the country. In addition to acquiring a...
German web hosting startup Cloudpartner.de secures €1.5 million from Runa Capital

German web hosting startup Cloudpartner.de secures €1.5 million from Runa Capital

Jan 29, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Berlin-based web hosting startup cloudpartner.de has raised €1.5 million from Runa Capital, a Moscow-based venture fund operating internationally. This Series A round – the terms of which have not been disclosed – will help the company provide...
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