Californian startup raises $700,000 from Russian investors to put an end to “résumé spam”
East-West Digital News Investing in US startups has become a habit for certain Russian venture funds, as shown by a recent $700,000 capital injection into California-based Venturocket.com, an innovative online “talent discovery platform.” The round was led...
Candy magnate Korkunov invests in mobile app community
East-West Digital News Andrey Korkunov, the founder of a leading candy company, has invested $1 million in Apps4all in exchange for a 15% stake, the Russian business daily Vedmosti reported yesterday. Launched in 2011, Apps4all brings together a community of mobile...
UMMC to Buy Czech Aircraft Manufacturer
Ural Mining and Metallurgical Company will become the full owner of Czech aircraft manufacturer LET after putting a deal in place to buy Pamco’s 49-percent stake in the company, a news report said Friday.
Prostor Capital plans to launch new $60 million fund
East-West Digital News The dramatic growth of the Russian venture industry – which was virtually inexistent just 5 years ago – was illustrated earlier this month by Prostor Capital’s announcement of plans to create a second, $60 million fund. With $20 million...