Archives for July 2011
Files under: News
Posted by: admin @ 00:56 [15. 07. 11]
Mail.ru Group, which complteted $1 billion IPO in London in November 2010, has exercised its option to acquire an additional 7.44% equity stake in VKontakte for $111.7 million. As a result, Mail.ru Group increased its equity stake in VKontakte to 39.99%, the company announced. The acquisition implies Vkontakte valuation of $1.5 billion. Russia’s largest social [...]
Files under: News
Posted by: admin @ 11:44 [13. 07. 11]
Russian-American founder Stepan Pachikov‘s digital note service provider Evernote has already raised over $36.5 million from Sequoia, Morgenthaler, DOCOMO Capital and Troika Dialog of Russia. Today, Evernote announced that it raised a new funding – $50 million from Sequoia Capital and Morgenthaler Ventures to expand its offerings by an aggressive growth and acquisition strategy. Launched [...]
Files under: News
Posted by: admin @ 02:33 [13. 07. 11]
The Russian contextual advertising market was valued at more than 12 billion Roubles (ca. $430 million) in the first half of 2011. The market has increased 60% year-on-year. The leading Russian search engine company Yandex, which completed $1.4 billion IPO on NASDAQ in May 2011, holds 65% share of the Russian contextual advertising market. Yandex‘ [...]
Files under: News
Posted by: admin @ 00:09 [13. 07. 11]
The leading Baltics private equity and venture capital firm, BaltCap manages venture capital funds dedicated to investing in small and medium-sized businesses in Latvia and Lithuania under the JEREMIE (Joint European Resources for Micro to Medium Enterprises) initiative. The Riga, Latvia-based vendor of HRB human resources management software, AGroup has raised EUR 1.5 million funding [...]
Files under: News
Posted by: admin @ 12:16 [11. 07. 11]
When Naspers‘ company MIH Allegro acquired a 71% stake in 3 years-old Turkish e-commerce group Markafoni last week, valuing it at some $200 million, the biggest gainers on the sale happened to be Markafoni‘s venture capital investors Trayas Investments of Klaus Hommels and Oliver Jung. They also invested in the largest Russian online shopping club [...]
Files under: News
Posted by: admin @ 01:13 [11. 07. 11]
How much does a Russian online travel startup need to raise in order to win against competitors? First, HipClub.ru has got a few hundred thousand from business angels. Second, Anywayanyday obtained $5 million from Tiger Global. Then, Oktogo.ru received $5 million from Mangrove and Ventech. Recently, Travelmenu got $1.4 million from Almaz Capital and Runa [...]
Files under: News
Posted by: admin @ 23:58 [10. 07. 11]
Russia’s ZeptoLab-developed casual game Cut the Rope was first released for iPhone in October 2010. Since release, the game racked 45 million downloads, including 9 million paid downloads, according to newspaper Vedomosti. The iOS version of Cut the Rope is published by Chillingo. The game won Apple Design Award 2011. Kite Ventures of Edward Shederovich [...]
Files under: News
Posted by: admin @ 22:51 [10. 07. 11]
Russian Yuri Milner‘s firm DST Global, which recently raised $1 billion for DST Global 2, is leading $400 million Series E round in Twitter. The new investment will value Twitter at $8 billion, implying a 5% equity stake for investors of this round, according to newspaper Kommersant. Previous investors such as Kleiner Perkins Caufield & Byers [...]
Files under: News
Posted by: admin @ 05:35 [6. 07. 11]
Russia’s largest search engine and contextual advertising company, Yandex, which completed $1.4 billion IPO on NASDAQ in May 2011, has invested in Refine.io. The investment was made as part of Yandex.Factory (Яндекс.Фабрика) initiative, according to Yandex start-up blog. The size of investment is in the range of 50 thousand dollars. Founded in 2011, Refine.io offers mobile [...]
Files under: News
Posted by: admin @ 05:46 [5. 07. 11]
The major Formula One teams such as McLaren Mercedes and Scuderia Ferrari, which are now #2 and #3 in F1 Constructor Standings, will be in Moscow soon. The F1 teams will be participating in Moscow City Racing on July 17, 2011. It’ll be the first time ever when Scuderia Ferrari F1 Team will be coming to [...]
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