Mar 29, 2013 | Central & Eastern Europe, News, Russia
Leading Russian payment operator Qiwi filed a registration statement with the U.S. regulator, the SEC (Securities & Exchange Commission) on Wednesday, to raise up to $100 million from an initial public offering. J.P. Morgan and Credit Suisse will act as joint...
Mar 18, 2013 | Central & Eastern Europe, News, Russia
In a new illustration of the vibrant activity of the Moscow venture scene, Maxim Shekhovtsov and Alexander Zhurba – founders of TexDrive, one of the city’s largest startup accelerators – announced last week the creation of a fund dedicated primarily to IT projects in...
Mar 6, 2013 | Central & Eastern Europe, News, Russia
Last month Moscow-based fashion retailer Trends Brands announced it had raised $4 million in a Series B round. The amount includes $3 million from French venture fund Ventech and $1 million from Ru-Net and Kite Ventures, two Russian funds operating internationally, a...
Mar 6, 2013 | Central & Eastern Europe, News, Russia
uBank, a mobile payment startup launched in late 2011, announced earlier this week an $8 million capital injection – its first round of funding – from Runa Capital, a Moscow-based venture fund that operates internationally. uBank’s valuation has not been disclosed,...
