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Archives for August 2011

TMT Investments to Invest in Creat Studio, rollApp, DepositPhotos and Ninua

Files under: News
Posted by: admin @ 02:33 [30. 08. 11]

In December 2010, TMT Investments PLC raised $20 million and listed its shares on the Alternative Investment Market of the London Stock Exchange. Since then, London-based TMT Investments has backed four internet start-ups. TMT Investments has just agreed to invest $1 million in exchange for a 20% stake in social games developer Berryman Capital Group [...]

The Tweeted Times is Acquired by Yandex

Files under: News
Posted by: admin @ 07:41 [26. 08. 11]

Back in January 2011, Yandex CTO Ilya Segalovich named The Tweeted Times one of the most interesting internet start-ups in Russia. Today, the leading Russian search engine company Yandex announced on its blog that it acquired The Tweeted Times, a social news service that helps create personal newspapers from Twitter accounts. Launched in 2010, The [...]

Finam to Invest $1 Million in CreditCardsOnline.ru

Files under: News
Posted by: admin @ 23:58 [24. 08. 11]

The Russian financial investment group Finam has invested in CreditCardsOnline.ru, a credit card information and online application service managed by Credit Cards Online LLC. According to newspaper Kommersant, Finam invested $1 million in exchange for a 25% stake in CreditCardsOnline.ru Launched in November 2010, CreditCardsOnline.ru aggregates information about credit cards in Russia and offers online [...]

Russian Search Pioneer, Aport to Switch Search to Yandex

Files under: News
Posted by: admin @ 23:32 [23. 08. 11]

The last Russian independent search engine standing, Aport has stopped using its own web search index. Being one of the Russian search market pioneers, Aport switched its search to Yandex. From now on, Yandex powers web search results and contextual ads on Aport.ru. Launched in 1997, Aport is owned by Vimpelcom (Beeline), Russia’s leading mobile [...]

RUSNANO Demonstrates Plastic Logic E-Reader Tablet for Schools in Russia

Files under: News
Posted by: admin @ 07:01 [20. 08. 11]

When RUSNANO agreed to invest in Cambridge, UK-developed plastic electronics display maker Plastic Logic last year, the investment may have raised some questions in Russia. Having demonstrated Plastic Logic-developed electronic reader tablet to Russia’s Prime Minister Vladimir Putin, RUSNANO CEO Anatoly Chubays should have answered those questions – this tablet e-reader can be used in [...]

S-Group Ventures to Invest in Bisant

Files under: News
Posted by: admin @ 11:03 [18. 08. 11]

Russian Venture Company-sponsored venture fund managed by S-Group Ventures has made an investment in micro-sized antenna developer Bisant, the company announced today. The new funds will be invested into international expansion of Bisant. Based in Moscow, Bisant develops unique small-sized antennas for mobile phones, tablets and TV sets based on qualities of new materials. S-Group [...]

Runa Capital and Yandex to Pre-Seed Start-Ups of InCube Accelerator

Files under: News
Posted by: admin @ 01:32 [17. 08. 11]

Runa Capital, the early-stage venture capital firm of Serguei Beloussov, and Yandex, Russia’s leading search engine company have agreed together invest in ten Russian internet startups of InCube Accelerator business incubation program in Moscow. Runa Capital and Yandex will provide $20,000 in pre-seed money to InCube-incubated start-ups in exchange for a 10% equity stake in [...]

OZON.ru Revenues Up 36% in H1 2011

Files under: News
Posted by: admin @ 08:44 [11. 08. 11]

Being referred as ‘Amazon of Russia’, OZON.ru, the largest Russian online store, has announced operational results for the first half of 2011. OZON.ru reported revenues of 2.4 billion Roubles (ca. $86 million) in H1 2011, up 36% from H1 2010. The revenues came from online sale of books (37%), consumer electronics (30%) and other goods [...]

AR Games to Acquire 25% of Syncopate

Files under: News
Posted by: admin @ 22:55 [9. 08. 11]

AR Films‘ film producer Alexander Rodnyansky games division AR Games has acquired a 25% stake in Russian online game publisher Syncopate, the company announced. Founded in 2009, Syncopate develops and operates GameNet, a social networking platform for gamers. Syncopate also publishes online games such as Aika and Blood Rites.The company revenues are estimated to reach [...]

ZeptoLab’s Cut the Rope: Experiments #1 in App Store

Files under: News
Posted by: admin @ 23:38 [4. 08. 11]

Cut the Rope candy-eating character Om Nom is getting very popular nowdays. As expected, Kite Ventures-funded Cut the Rope developer ZeptoLab from Russia is partying ways with game publisher Chillingo and franchising in areas other than mobile gaming, just like Angry Birds‘ developer Rovio. On August 4, Moscow-based ZeptoLab released a sequel, Cut the Rope: [...]

Oktogo.ru And TripAdvisor Team Up On Hotel Reviews In Russia

Files under: News, Web 2.0
Posted by: admin @ 23:56 [2. 08. 11]

The leading hotel booking website in Russia, Oktogo.ru has partnered with TripAdvisor, the world’s largest travel site. The users of Oktogo.ru will see TripAdvisor‘s hotel reviews. TripAdvisor will get access to Oktogo.ru‘s extensive database of the Russian hotels and reviews. Launched in 2010, Oktogo.ru raised $5 million from Mangrove Capital and Ventech in April 2011. [...]

ZocDoc Raises $50 Million from DST

Files under: News
Posted by: admin @ 11:34 [2. 08. 11]

Russian Yuri Milner‘s firm DST Global, which recently raised $1 billion for DST Global 2, has invested $50 million in ZocDoc, the company announced today on its blog. The Series C investment valued ZocDoc at $700 million, according to TechCrunch. ZocDoc first met (via Ron Conway) with Yuri Milner of DST just a month ago. [...]

Russian Online Video Advertising Market to Reach $36 Million in 2011

Files under: News
Posted by: admin @ 03:42 [1. 08. 11]

The online video advertising market in Russia is expected to reach $36 million in 2011, up 100% from $18 million in 2010. The online video advertising shall account for more than 3% of the Russian online advertising market in 2011. In 2010, some 27 million of Russian internet users, which was some 49% of total [...]