Mar 13, 2013 | Central & Eastern Europe, News, Russia
IQcard, a Moscow-based startup offering multifunction bank cards, has completed a Series A round of “more than $2.5 million” from Paradigm Investments and TA Venture, as well as from existing investors Fastlane Ventures and Direct Group. Neither the exact...
Mar 12, 2013 | Central & Eastern Europe, News, North America, Russia
VimpelCom, a leading Russian mobile operator, is considering a North American expansion amid negative market sentiments over the company’s already weighty debt level. VimpelCom CEO Jo Lunder told Bloomberg earlier this year that his company “has an interesting...
Mar 12, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 8 March 2013 Ru-Net, a Russian tech fund with headquarters in Moscow and New York, has shelled out $6 million to buy a 25% stake in, an online retailer of children’s goods, the Russian business daily Kommersant reported earlier this week, citing...
Mar 12, 2013 | Central & Eastern Europe, News, Russia, Western Europe
The invest abroad trend among Russian financial institutions was demonstrated again last week by a capital injection of “several million euros” in Wine in Black, a German premium wine online retailer. The round was led by Russia’s Bright Capital...
Mar 11, 2013 | Central & Eastern Europe, News, North America, Russia
TMT Investments, a London-headquartered venture fund backed by Russian businessmen, announced last week that it has raised $1.125 million from an unnamed “group of qualified investors.” Launched by German Kaplun, Alexander Morgulchik and Artyom Inyutin,...
Mar 11, 2013 | Central & Eastern Europe, News, Russia
Last week the Moscow Seed Fund, Moscow City’s venture investment arm, announced an investment of an undisclosed amount in Alytics, a startup developing contextual ad solutions “to optimize conversion rates and save on advertising budgets.” Igor...
