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Yandex acquires leading movie portal KinoPoisk from France’s AlloCine

Yandex acquires leading movie portal KinoPoisk from France’s AlloCine

Oct 20, 2013 | Central & Eastern Europe, News, Russia, Western Europe

East-West Digital News Yandex, Russia’s leading search engine and major Internet group, announced yesterday that it acquired KinoPoisk (in Russian: “Cinema Search”), the largest Russian language portal on movies, TV programs and celebrities. This site’s...
St. Petersburg CRM software startup Fresh Solutions raises $1.1 million

St. Petersburg CRM software startup Fresh Solutions raises $1.1 million

Oct 20, 2013 | Central & Eastern Europe, News, Russia

East-West Digital News Fresh Solutions, a St. Petersburg-based publisher of cloud-based CRM solutions, has secured 37 million rubles (a little more than $1.1 million) from Imperious Group. The startup was valued at $6 million pre-money, East-West Digital News learned...
E-book distributor LitRes raises $5 million from Russian Internet Technology Fund

E-book distributor LitRes raises $5 million from Russian Internet Technology Fund

Oct 17, 2013 | Central & Eastern Europe, News, Russia

East-West Digital News LitRes, a leading online retailer of Russian language e-books, has raised $5 million from Russian Internet Technology Fund (RITF), a $50 million fund established earlier this year. The company’s valuation has not been disclosed, but the fund...
$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic

$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic

Sep 10, 2013 | Central & Eastern Europe, News, North America, Russia

East-West Digital News Last week Palo Alto, California-based startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced that it has secured an investment from Maxfield Capital, a $100 million Russian venture fund that...
Moscow City launches investor-friendly startup incubator

Moscow City launches investor-friendly startup incubator

Sep 6, 2013 | Central & Eastern Europe, News, Russia

East-West Digital News In late August, the Moscow Innovation Development Center (IDC), an agency established last year by the Moscow government to foster high tech sectors in the capital, launched its first incubator. Located in Digital October, a major tech event...
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