Archives for May 2011
Files under: News, Web 2.0
Posted by: admin @ 04:58 [31. 05. 11]
Russian Yuri Milner‘s firm DST, which recently raised $1 billion for DST Global 2, is joining $100 million round investment in Airbnb at $1 billion valuation. The round is led by Andreessen Horowitz, according to TechCrunch. There is a recent influx of Russian online travel agencies (OTA) such as Oktogo.ru, Travelmenu, HipClub, Ostrovok.ru and travel [...]
Files under: Enterprise, Inside View, Mobile, News, Tech, Web 2.0
Posted by: admin @ 06:24 [30. 05. 11]
Social game publisher Pixonic is one of the social game publishers in Russia. It was first funded by AddVenture. The Russian leading online travel agency Oktogo.ru venture capital investor Ventech as well as Kite Ventures of Edward Shenderovich and TA Ventures of Ukraine has put $5 million in Pixonic at a valuation of ca. $10 [...]
Files under: Enterprise, News, Tech, Web 2.0
Posted by: admin @ 08:14 [27. 05. 11]
The Estonian Skype engineers prvate equity vehicle Ambient Sound Investments (ASI), which made its first Russian investment in Software as A Service (SaaS) inventory management software provider LogneX (Moy Sklad) in 2008, has sold its stake in LogneX to Russian ERP software provider 1C Company. In the future, 1C plans to increase its stake in [...]
Files under: Enterprise, Inside View, Mobile, News, Tech, Web 2.0
Posted by: admin @ 08:57 [26. 05. 11]
Almaz Capital Russia Fund I, Russia-focused venture capital fund that is backed by Cisco, shall have returned all money to investors with just two investments, fund’s Managing Partner Alexander “Sasha” Galitsky revealed on twitter. Those investments should have been made by Almaz in Qik and Yandex. Almaz‘s first close was at $60 million. Then, Almaz [...]
Files under: News
Posted by: admin @ 04:34 [26. 05. 11]
// Private equity firm Aton Capital Partners, which invested $30 million in Russian broadband telecom operator NetByNet just over a year ago, shall generate a return of some 3x capital invested. NetByNet (NBN) is being acquired by Russian mobile telecom operator Megafon for ca. $360 million, reported newspaper Vedomosti. Founded in 2006, NetByNet is the [...]
Files under: News, Web 2.0
Posted by: admin @ 03:36 [25. 05. 11]
// Over the past year, several Russian online travel agencies (OTA) such as Oktogo.ru, HipClub.ru, Ostrovok.ru, Anywayanyday as well as travel meta-search engine Jizo.ru have emerged and raised angel and venture capital funds. Today, yet another online travel agency in Russia, Travelmenu.ru announced Series A funding of $1.6 million from early-stage venture capital funds Almaz [...]
Files under: News, Quintura Search, Tech, Web 2.0
Posted by: admin @ 01:59 [25. 05. 11]
We have released Quintura visual search apps for touchscreen devices for iOS, Android and Symbian. Most of the Quintura search apps reached top 10 apps in their respective categories. On May 23, one of the Quintura search apps has become #1 app in App Store. Our visual-based search app for sex life and relationship Q [...]
Files under: News, Tech, Web 2.0
Posted by: admin @ 00:20 [25. 05. 11]
Yandex completed $1.3 billion IPO on NASDAQ yesterday, on May 24. Its shares (symbol “YNDX“) surged 55% from $25.00 to $38.84 at the first day of trading. More than 70 million Yandex shares changed hands, which is larger than Yandex IPO volume of 52.2 million shares. Yandex IPO underwriters included Morgan Stanley, Deutsche Bank Securities, [...]
Files under: News, Tech
Posted by: admin @ 11:06 [24. 05. 11]
Today, Yandex shares started trading on NASDAQ under the symbol “YNDX“. The shares are up 40% to $35 per share, implying a market cap of over $11 billion. In honor of the occasion, Arkady Volozh, CEO of Yandex, rang the Opening Bell of the NASDAQ Stock Market. The Yandex team visited the NASDAQ MarketSite in [...]
Files under: News, Tech
Posted by: admin @ 02:40 [24. 05. 11]
// The leading Russian search engine and contextual advertising company Yandex will price its shares at $25 per share at IPO. The IPO will value Yandex at $8 billion. Today, the shares of Yandex will start trading on NASDAQ under the symbol “YNDX“. Yandex will raise $385 million at IPO for potential investments and acquisitions. [...]
Files under: News, Tech
Posted by: admin @ 01:32 [23. 05. 11]
// The Russian nanotechnology investment company RUSNANO has agreed to invest EUR 10 million (ca. USD 14.3 million) in exchange for 2 million shares in the capital increase by way of indirect subscription rights or for between 25% and 29.9% stake in ItN Nanovation AG, a German public nanotechnology company. The investment is expected to [...]
Files under: Enterprise, Mobile, News, Tech, Web 2.0
Posted by: admin @ 05:17 [19. 05. 11]
// While Yandex will go IPO on NASDAQ this month, its popular Russian online map service is being challenged by 2GIS‘ Russian city guide and map services. Being available for more than 100 Russian cities, 2GIS has released its Moscow city guide and map service. 2GIS maps and city guides include more corporate information details [...]
Files under: News, Web 2.0
Posted by: admin @ 04:25 [18. 05. 11]
DST Global, private equity firm run by Yuri Milner, has closed $1 billion fund DST Global 2 to invest in later-stage internet companies, according to Bloomberg. The money came from both institutional and private investors. DST Global invested in online music service Spotify, online retailer 360buy.com and coupon business Groupon. Yuri Milner was recently named [...]
Files under: News, Tech
Posted by: admin @ 09:13 [17. 05. 11]
The Russian nanotechnology investment company RUSNANO has made a total commitment of ca. $140 million (3.8 billion Roubles) to invest in MRAM (Magnetoresistive Random Access Memory) manufaturing company in Russia, Crocus Nano Electronics (CNE), a joint-venture with Crocus Technology of France. The CNE company will manufacture medium to high density MRAM products based on Crocus‘ [...]
Files under: News, Tech
Posted by: admin @ 04:25 [17. 05. 11]
The first Russian hybrid car maker Yo-Auto, a joint venture between truck manufacturer Yarovit and Onexim Group of Russian billionaire Mikhail Prokhorov, has collected more than 50,000 pre-orders for its Yo-mobile hybrid cars in less than 24 hours after beginning to take pre-orders. Yo-auto reveals that the cost of Yo-mobile (ё-мобиль) will range from 360,000 [...]
Files under: Enterprise, News, Tech, Web 2.0
Posted by: admin @ 01:18 [16. 05. 11]
// Aimed to be Skyscanner for Russia, Jizo.ru travel meta-search engine has launched with funding from internet business incubator Fast Lane Ventures. While Edinburg, Scotland-based Skyscanner developed its innovative proprietary search engine technology, Jizo.ru used solution from GP Solutions GmbH, a Germany/Belarus travel IT solutions company. Jizo.ru already faces competion from Russia’s leading search engine [...]
Files under: Mobile, News, Quintura Search, Search Cases, Tech, Web 2.0
Posted by: admin @ 05:42 [13. 05. 11]
Besides Amazon appstore for Android and Vodafone 360 shop, the Quintura search apps for Android devices have been included in the Verizon Media Store in the U.S. Verizon Wireless operates both 4G LTE network and 3G network for more than 100 million customers in the U.S. Quintura offers mobile search apps for Android devices including recipe [...]
Files under: Mobile, News, Tech
Posted by: admin @ 12:12 [10. 05. 11]
// The Russian mobile phone operator Skylink and Rostelecom have announced the first-ever tablet PC with GLONASS dubbed Xpad. They demonstrated the GLONASS tablet prototype at Sviaz-Expocomm 2011 international telecom exhibition in Moscow today. The GLONASS-enabled tablet PC will use dual GPS/GLONASS chipset Qualcomm MDM 6600, processor ARM cortex-A8 800 Mhz, 512 Mb RAM, 3D processor [...]
Files under: News, Tech
Posted by: admin @ 05:43 [10. 05. 11]
When Yandex revealed its IPO price range, out of 52.2 million total shares to be offered at IPO to investors Yandex will issue 15.4 million new shares to raise over $300 million for potential investments and acquisitions in Russia and abroad. Yandex made some acquisitions in 2010, 2009 and 2008. In August 2010, Yandex invested [...]
Files under: News, Tech, Web 2.0
Posted by: admin @ 11:51 [9. 05. 11]
Russia’s leading search engine company Yandex, which plans to list on NASDAQ under the symbol “YNDX“, has announced terms for its IPO. The company plans to raise between $1,044 million and $1,148 million by offering ca. 52.2 million shares (or ca. 16% of total issued shares after IPO) at a price of between $20 and [...]
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