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Finnish start-up shines light in ears, raises 7.4 mln euros

Finnish start-up shines light in ears, raises 7.4 mln euros

Jun 7, 2013 | News, Western Europe

HELSINKI, June 7 (Reuters) – Finnish start-up company Valkee has raised 7.4 million euros ($9.8 million) from a venture capital fund and other investors to help it to boost sales of its light-therapy products, designed to relieve seasonal affective disorder and...
Russia Invests in American Cows

Russia Invests in American Cows

Jun 7, 2013 | Central & Eastern Europe, News, North America, Russia

Moscow Times 7 June 2013 The right species of foreign agent can get incentives to prosper and propagate in Russia, as shown by a deal announced Thursday. A unit of state-controlled lender Sberbank said it agreed to loan 1 billion rubles ($33 million) to an...
Microsoft Seed Fund backs app development and genetic diagnostics

Microsoft Seed Fund backs app development and genetic diagnostics

Jun 7, 2013 | Central & Eastern Europe, News, Russia

East-West Digital News 7 June 2013 Last week, the Microsoft Russia Seed Fund announced it has disbursed another $160,000 to support Russian startups developing IT projects. A $60,000 grant went to Appercode from Siberia’s Novosibirsk. The Appercode team pushes a...
Vnukovo Owners Seek to Buy Yermolino Airport

Vnukovo Owners Seek to Buy Yermolino Airport

Jun 7, 2013 | Central & Eastern Europe, News, Russia

Moscow Times 7 June 2013 The owners of Vnukovo International Airport are interested in obtaining a controlling stake in Yermolino Airport in the Kaluga Region, which may become the fourth major airline hub serving the capital, a news report said Thursday....
Gunvor Buys Into Swedish Firm

Gunvor Buys Into Swedish Firm

Jun 7, 2013 | Central & Eastern Europe, News, Russia, Western Europe

(Reuters) – Trading house Gunvor has made its first big foray into oil exploration by agreeing to acquire a major stake in Swedish oil firm PA Resources, following in the footsteps of an asset accumulation drive by rivals such as Glencore. PA Resources said in a...
China’s CDH Plans $1B Distribution as it Raises $2B Fund

China’s CDH Plans $1B Distribution as it Raises $2B Fund

Jun 6, 2013 | Asia, China, East Asia, News

Pevc.dowjones.com 24 May 2013 CDH Investments plans to distribute $1 billion back to investors by September, in a move that could bolster the firm’s fundraising efforts as it seeks to close a $2 billion fifth fund later this year, private equity investors say....
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