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Wired highlights 10 Russian startups but gets it wrong with rosy business predictions

Wired highlights 10 Russian startups but gets it wrong with rosy business predictions

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,...
Russian pension funds to invest $1 billion in venture funds and innovative companies

Russian pension funds to invest $1 billion in venture funds and innovative companies

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...
Mail.ru Group paid $345 million for its 12% stake in VKontakte

Mail.ru Group paid $345 million for its 12% stake in VKontakte

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...
Russia’s Quadro Capital Partners and Forex Club to invest $200 million in international online trading

Russia’s Quadro Capital Partners and Forex Club to invest $200 million in international online trading

Aug 22, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Last week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The total volume of investments...
Zvooq secures $20 million “to bring legal music streaming to the masses and destroy music piracy in Russia”

Zvooq secures $20 million “to bring legal music streaming to the masses and destroy music piracy in Russia”

Aug 20, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Russian music-streaming platform Zvooq yesterday announced it secured an investment of $20 million in a Series A round led by Ulmart, Russia’s leading online retailer, with the participation of Essedel Capital, a Helsinki-based private equity...
BlockTrail Secures Cash For Its Bitcoin Transactions Analysis Platform

BlockTrail Secures Cash For Its Bitcoin Transactions Analysis Platform

Aug 18, 2014 | Central & Eastern Europe, News, Russia, Western Europe

TechCrunch BlockTrail is a new platform for bitcoin analytics launched today by Amsterdam-based researchers BlockCorp. It’s secured €500,000 ($669,310) in funding from BlockCorp, which was set up by entrepreneur Boaz Bechar and VKontakte co-founder Lev Leviev....
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