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Archives for July 2011

Yandex Second Quarter 2011 Results Show Strong Growth

Files under: News
Posted by: admin @ 06:41 [28. 07. 11]

Today, the leading Russian search engine company Yandex (NASDAQ: YNDX) announced its unaudited financial results for the second quarter of 2011 ended June 30, 2011. Yandex completed $1.3 billion IPO on NASDAQ in May 2011. In Q2 2011, Yandex reported revenues of RUR 4,541 million ($161.7 million), up 57% from Q2 2010, operating income of [...]

News Outdoor Acquired by VTB Capital, Alfa Capital Partners, Peter Gerwe

Files under: News
Posted by: admin @ 04:22 [22. 07. 11]

The investment consortium of VTB Capital, Alfa Capital Partners and private investors including Peter Gerwe has agreed to acquire a 79% stake in News Outdoor, the largest Out-of-Home (OOH) advertising company in Russia, for more than $270 million, reported Vedomosti. The enterprise value of News Outdoor was $426 million including debts of $153 million, according [...]

Get Taxi Raises $9.5 Million from Access Industries, Founders

Files under: News
Posted by: admin @ 10:28 [21. 07. 11]

Access Industries, which has completed a $3.3 billion acquisition of Warner Music Group (WMG), recently invested $6 million in the Russian online couponing service Vigoda.ru. Len Blavatnik’s Access Industries also put a majority of $9.5 million round in taxi mobile booking service Get Taxi, according to JPost. Founded in March 2010, Get Taxi operates in [...]

UTINET.ru complets first Russian internet IPO

Files under: News
Posted by: admin @ 01:59 [20. 07. 11]

The Russian online retailer Platform UTINET.RU will raise 390 million Roubles (ca. $14 million) at IPO by selling 2.0 million newly issued shares at 195 Roubles per share to investors. UTINET.RU was valued at 4,290 million Roubles (ca. $153 million) at IPO, reported newspaper Kommersant. UTINET.RU shares will be traded on MICEX Stock Exchange under [...]

S-Group Ventures and Leader Innovations to Invest in Vocord

Files under: News
Posted by: admin @ 14:30 [19. 07. 11]

The Russian Venture Company-sponsored venture funds that are managed by S-Group Ventures and Leader Innovations have agreed to invest in video monitoring and audio registration solutions provider Vocord. The new funding will go to develop 3D-vision solutions and video analytics as well as for international business expansion. Vocord was founded in 1999 by the graduate [...]

CapMan and Gimv to Invest in Expert Photo

Files under: News
Posted by: admin @ 02:37 [19. 07. 11]

CapMan Russia fund of Finland and Gimv of Belgium have provided a growth capital to Russian photo services business Expert Photo. As a result of the investment, private equity firms CapMan and Gimv will each hold a 19% equity stake in Expert Photo, the firms announced. Founded in 1995, Expert Photo provides online and offline [...]

Online Video Portal Tvigle To Raise $7 Million

Files under: News
Posted by: admin @ 14:35 [18. 07. 11]

PromSvyazCapital has agreed to invest $6.8 million in exchange for a 27.3% stake in online video portal Tvigle Media, reported newspaper Kommersant. The investment will imply Tvigle value of $25 milllion. The Russian online video advertising market is estimated at $30 million in 2011. Launched in 2007, Tvigle.ru has 1 million monthly users. Tvigle, which [...]

Mail.ru Group Now Owns 40% of Vkontakte

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 [...]

Sequoia Capital Leads Evernote’s $50 Million Expansion Round

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 [...]

Yandex Holds 65% of Russian Contextual Ads Market Valued at $430M in H1 2011

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‘ [...]

BaltCap to Invest EUR 1.5 Million in AGroup

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 [...]

Sale of Markafoni to Naspers’ MIH Allegro to Profit Klaus Hommels and Oliver Jung

Files under: News
Posted by: admin @ 12:16 [11. 07. 11]

When Naspers‘ company MIH Allegro has acquired a 68.2% stake in 3 years-old Turkish e-commerce group Markafoni (Vipindirim Electronic Services plc) for $86 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 [...]

Travel Site Ostrovok.ru Raises $13 Million from Accel, General Catalyst, Peter Thiel

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 [...]

ZeptoLab Takes Funds from Kite; Cut the Rope Top Paid Game in Android Market

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 [...]

DST Global II to Lead $400 Million Series E Investment in Twitter

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 [...]

Yandex to Invest in Refine.io from US/Ukraine via Yandex.Factory

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 [...]

F1 in Moscow: Scuderia Ferrari and McLaren Mercedes

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 [...]