Sep 23, 2014 | Central & Eastern Europe, News, North America, Russia
Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco, has led a $2.2 million funding round in SchoolMint, a leading provider of mobile and online enrollment systems for US public, charter and private schools. Several US funds...
Sep 12, 2014 | Central & Eastern Europe, News, Russia
Earlier this month Babadu.ru, a children’s goods online retailer, secured a $2.9 million investment from the Internet Initiatives Development Fund (FRII in Russian). The site claims it has “more than tripled in size” and made its brand...
Sep 11, 2014 | Central & Eastern Europe, News, Western Europe
VIENNA, Sept 11 (Reuters) – Struggling Austrian home improvements group BauMax has sold its Bulgarian unit with eight stores to local investor Haedus JSC, it said on Thursday, taking another step in its campaign to shrink back to health. It gave no financial...
Aug 29, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News In a series on Europe’s “hottest startups,” the UK edition of tech magazine Wired published earlier this month a selection of 10 Russian startups. These included peer-to-peer publishing platform Gitoon, e-commerce intelligence platform Ometria,...
Aug 26, 2014 | Central & Eastern Europe, News, Russia
In a confirmation of the country’s commitment to developing new technologies, the Russian government announced that a fraction of the total assets of the country’s pension savings funds will be invested in the shares of venture capital funds, as well as in securities...
Aug 25, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News In its accounts for the first half of 2014, Mail.ru Group has disclosed the sum it paid in April of this year to Ivan Tavrin for 12% of VKontakte, Russia’s leading social network also known as VK.com. The stake cost the group around $345...
