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 | 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 | Central & Eastern Europe, News, Russia
MOSCOW/ST.PETERSBURG, Russia, March 15 (Reuters) – VTB , Russia’s No.2 bank, set out plans for a 100 billion rouble ($3.3 billion) share sale in Moscow, that could signal a desire to secure sources of funding if talks with sovereign wealth funds come to...
Mar 14, 2013 | Central & Eastern Europe, News, Russia
Russia Beyond the Headlines 12 March 2013 The Russian winemaker is looking for an investor to help it develop new sales channels and increase output. However, the company is not selling a controlling share, which is why Russian investors have been hard to find....
