Open-Source Chat Platform Scrollback Raises $400,000 Seed Round

Nov 24, 2014 | News

TechCrunch Scrollback, a free open-source chat platform for online communities, has raised $500,000 Singaporean dollars (about $400,000) led by Jungle Ventures, with participation from Singapore’s National Research Foundation, Crystal Horse Investments, Singapore...

Finnish packaging company Huhtamaki sells films business

Nov 24, 2014 | News, Western Europe

HELSINKI, Nov 24 (Reuters) – Finnish packaging company Huhtamaki, known for making paper cups for McDonald’s, has agreed to sell its films business in a deal led by German private equity company Deutsche Beteiligungs AG for 141 million euros ($175...

Rambler & Co seeks startups in its shift to becoming an Internet tech firm

Nov 24, 2014 | Central & Eastern Europe, News, Russia

Rambler & Co, a major Russian tech media group, is seeking to move away from its present status as a media company towards Internet technologies. As reported by Russian daily Vedomosti, the company is creating two startup accelerators to achieve this goal....

Russia’s Imperious Group injects $400,000 in American-Ukrainian private jet service startup Jetme

Nov 24, 2014 | Central & Eastern Europe, News, North America, Russia

In California, Ukrainian developers have launched the startup JetMe, a service which allows users to reserve and pay for flights on private jets to any point around the globe. One of the startup’s founders is Yuriy Romanyukha, an associate for Russia-based...

Photo-Sharing App Memoir Snags $5.5 Million To Help You Recall The Past

Nov 21, 2014 | News

Photo-sharing application Memoir, a Timehop competitor that allows you to rediscover old photo “memories,” has raised an additional $5.5 million in a round led by Redpoint Ventures’ Ryan Sarver. Others participating included prior investors Founder Collective, Box...

Chinese Investors May Gain Access to Russian Hydroelectric Assets

Nov 21, 2014 | Central & Eastern Europe, China, East Asia, News, Russia

The Moscow Times RusHydro, one of Russia’s largest power generating companies, is set to offer a majority stake in its far-eastern subsidiary to Asian investors, a news report said Friday. The asset in question is RAO Energy Systems of the East, in which...