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 18, 2013 | Central & Eastern Europe, News, Russia
Oktogo.ru, a leading Russian online hotel booking company, has attracted $11 million in its fourth round of financing since its inception in 2010. The funds have been brought in by Russian entrepreneur Victor Sazhin in addition to some of the startup’s existing...
Mar 18, 2013 | News, Western Europe
LONDON, March 18 (Reuters) – Insurer Legal & General said on Monday it has bought a 46.5 percent stake in Cala Group from Lloyds Banking Group in a deal that values the British housebuilder at 210 million pounds ($318 million). L&G made the acquisition...
Mar 18, 2013 | Central & Eastern Europe, News, Russia
Last week, Ponominalu.ru, a Moscow-based online provider of show tickets, announced the completion of its first round of financing, securing $1.5 million from Buran Venture Capital at an undisclosed valuation. Ponominalu.ru is expected to use the investment capital to...
Mar 18, 2013 | Central & Eastern Europe, Events, News, Russia
This Monday, a group of select innovation experts and mentors is starting a six-week-long road show through 15 Russian cities – from Rostov-upon-Don, to Astrakhan, to Tomsk, to Vladivostok in the Far East – aiming to meet thousands of local startup entrepreneurs,...
Mar 17, 2013 | News, Western Europe
STOCKHOLM, March 18 (Reuters) – Private equity firm Ratos and publisher Bonnier said on Monday they had agreed to merge their cinema chains Finnkino and SF Bio to create the largest player in the field in the Nordic region. To merge SF Bio, Finnkino cinema...
