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Archives for February 2012

Russian Towers Raises $100 Million To Operate Telecoms Towers in Russia

Files under: News
Posted by: admin @ 04:19 [29. 02. 12]

The consortium of private equity firms Macquarie Renaissance Infrastructure Fund (MRIF), ADM Capital, UFG Private Equity Fund II and the European Bank for Reconstruction and Development (EBRD) has invested $100 million in Russian Towers, an independent operator and developer of telecommunications tower infrastructure in Russia. MRIF was lead investor in the round with $50 million. [...]

Almaz Capital Invests in nScaled, provider of Recovery-as-a-Service

Files under: News
Posted by: admin @ 04:19 [28. 02. 12]

Recovery-as-a-Service cloud-based solutions provider nScaled has raised $7 million Series A financing from Almaz Capital and Doughty Hanson Technology Ventures, as well as from leading Silicon Valley angel investors. The investment will be used to expand its global network of data centers, for new software development and sales & marketing. nScaled (formerly, LegalCloud) raised seed [...]

Top 30 Russian Internet Companies (Forbes)

Files under: News
Posted by: admin @ 06:38 [27. 02. 12]

The Russian online advertising market has been valued at well over $1 billion per year. The online ad spendings exceeded both print and outdoor ad spendings. Now, it’s time to rank Russian internet companies. One has been done by Forbes in Russia that has released a list of top 30 Russian internet companies. The online [...]

Will GoodReader Stand Out Against MS Office for iPad?

Files under: News
Posted by: admin @ 04:13 [26. 02. 12]

The Russian-developed iOS app GoodReader, one of the best mobile PDF readers, has made headlines this week when the U.S. Air Force Special Operations Command has first planned to order several thousand iPad tablet computers with GoodReader app for use by flight crews and then reportedly canceled its plans due to security concerns. GoodReader, which [...]

Russian Social Gaming Company Game Insight Reached $50M Revenues in 2011

Files under: News
Posted by: admin @ 04:30 [25. 02. 12]

No wonder that revenues from social network games and services was the fastest-growing revenue segment for Mail.ru Group last year, the Russian social games market more than doubled to $200 million in 2011. The Russian market for social games is expected to reach $340 million in 2012. One of the leading social and mobile gaming [...]

Eccentex Raises $7.5 Million From VTB Capital

Files under: News
Posted by: admin @ 05:59 [24. 02. 12]

Dynamic case management software solutions provider Eccentex has raised $7.5 million in Series A round of venture funding led by VTB Capital, announced the Russian Venture Company (RVC). The investment was made by VTB Venture Fund. The new investment capital will be used for market expansion purposes. Founded in 2006, Eccentex offers its cloud-based case [...]

Mail.ru Group 2011 Financial Results: Revenues Up 59% To $515 Million

Files under: News
Posted by: admin @ 01:57 [24. 02. 12]

The leading Russian internet company Mail.ru Group has announced its 2011 full-year financial results. Mail.ru Group reported total revenues of $515 million in 2011, up 59 percent from 2010, EBITDA of $283 million in 2011, up 137 percent from 2010, and net profit of $208 million in 2011, up 157 percent from 2010. Mail.ru Group [...]

Mangrove Capital-Funded Evertale Helps Save Your Life

Files under: News
Posted by: admin @ 10:20 [23. 02. 12]

When a major stake in Evernote was being bought out by Sequoia Capital, someone in Denmark was quietly developing a web service to go a step further. Forget about saving notes. Save your life, instead. With a seed funding from Mangrove Capital, Copenhagen-based Evertale has launched its mobile and online service that helps save your [...]

Yandex 2011 Financial Results: Revenues Up 60%

Files under: News
Posted by: admin @ 03:34 [22. 02. 12]

The leading Russian search engine and contextual advertising company Yandex (NASDAQ: YNDX) has announced its financial results for Q4 2011 and full-year 2011. Driven by a 56%-annual growth in the Russian online advertising spendings, Yandex rouble-based annual revenues has grown 60% to 20 billion ($622 million). Yandex completed $1.3 billion IPO on NASDAQ in May [...]

Russian Internet Advertising Market up 56% to $1.4 Billion in 2011

Files under: News
Posted by: admin @ 13:00 [21. 02. 12]

According to the Russian Association of Communication Agencies (AKAR), the Russian internet advertising market was valued at 41.8 billion Roubles ($1,393 million) in 2011, up 56 percent from 26.8 billion Roubles ($893 million) in 2010. The contextual advertising spendings were up 63 percent year-on-year to 26.5 billion Roubles ($883 million) in 2011 and accounted for [...]

Yandex Improves Social Search; Adds Twitter Search to Yandex Blog Search

Files under: News
Posted by: admin @ 03:09 [21. 02. 12]

Having just launched people search across major social networks, Yandex has released a real-time Twitter search. The Yandex search of Twitter is now added to Yandex Blog Search. It is also available at twitter.yandex.ru. As a result of the partnership agreement, Twitter has licensed the full feed of all public tweets, so called ‘firehose’ of [...]

Microsoft Awarded $615,000 In Cash Grants To Russian Startups

Files under: News
Posted by: admin @ 02:04 [21. 02. 12]

For the past year, ten Russian technology startups have received cash grants of $615,000 in total from Microsoft Russia Seed Fund. Launched in late 2010, the seed fund of Microsoft in Russia supports web startup projects with cash grants of $30,000 to $80,000. Microsoft has awarded grants to the following Russian startups: Pirate Pay (automatic [...]

Yandex to Launch People Search From Social Networks

Files under: News
Posted by: admin @ 04:46 [20. 02. 12]

The leading Russian search engine and search advertising company Yandex has launched people search at Yandex.ru, according to Yandex.News. The Yandex social networking search is available at people.yandex.ru. For people search, Yandex has indexed 250 million people’s profiles from 15 social networks and blog services Vkontakte (VK.com), Facebook, Odnoklassniki, Linkedin, Google+, Ya.ru, Moi Krug, Twitter, [...]

Moscow Hosts ISU World Allround Speed Skating Championships 2012

Files under: News
Posted by: admin @ 14:25 [18. 02. 12]

The Russian skaters Ivan Skobrev and Yekaterina Lobysheva took podiums in the first day at ISU World Allround Speed Skating Championships 2012 at Krylatskoe skating rink in Moscow today. 2011 ISU World Allround Speed Skating Champion Ivan Skobrev took bronze in the Men’s 5,000m, while Yekaterina Lobysheva took silver in the Ladies’ 500m. Four times [...]

Russian Vitaly Petrov To Drive for Caterham F1 Team

Files under: News
Posted by: admin @ 11:29 [17. 02. 12]

The first Russian Formula 1 driver, Vitaly Petrov has joined Caterham F1 Team (formerly, Team Lotus) in 2012, the team announced. Vitaly Petrov, who had a podium finish for Lotus Renault GP Team (now, Lotus F1 Team) at Australian Grand Prix in March 2011, will first drive Caterham CT01 car at pre-season tests in Barcelona [...]

Russian Livestream- and Brightcove-Like Service Raises Funds From Prostor Capital

Files under: News
Posted by: admin @ 06:49 [16. 02. 12]

Dulton Media, which develops and operates online video platforms ЯTV and Eagle.Platform, has raised funding from Prostor Capital, the company announced. Eagle.Platform, which is similar to Brightcove, is a B2B platform to host, broadcast and monetize online video content. Its clients include MUZ TV and Professional Basketball League. ЯTV (yatv.ru), which is similar to Livestream, [...]

Sapato.ru Sale To Ozon Will Hardly Make Investors of Sapato Too Happy

Files under: News
Posted by: admin @ 07:12 [15. 02. 12]

Zappos‘ Russian copycat, Sapato.ru that raised some $20 million from Intel Capital, eVenture Capital, Kinnevik and Direct Group (Fast Lane Ventures) has been sold to OZON.ru, the leading Russian online mall. OZON, which raised $100 million last fall, would hardly spend that amount to purchase a 1.5 years-old online shoes retaling startup. By estimating annual [...]

RVC Seed Fund To Invest $2.5 Million In NanoDerm, Anti-Aging NanoCosmetics

Files under: News
Posted by: admin @ 05:29 [15. 02. 12]

Russian Venture Company Seed Fund has invested 75 million Roubles ($2.5 million) in NanoDerm, an anti-aging nanocosmetics maker, Russain Venture Company announced. Ufa-based Zhespar-Bios, whoch makes a placenta-based cosmetics, co-invested 25 million Roubles in the round. In October 2011, NanoDerm received investment from RUSNANO. Founded in 2011, NanoDerm-profi produces anti-aging cosmetics, skin cleansing agents, and [...]

100M Installs’ Cut the Rope To Branch Into Toys, Board Games, Kidswear

Files under: News
Posted by: admin @ 08:08 [14. 02. 12]

Russia’s top web startup of 2011, ZeptoLab is branching out its Cut the Rope game character Om Nom into toys, board and TV games & kidswear. Zeptolab cut deals with Mattel, Hasbro, Jakk’s Pacific and LF USA. The merchandising agreements were announced during Toy Fair 2012 in New York. Launched in October 2010, Cut the [...]

Runa Capital To Invest $1M In StopTheHacker

Files under: News
Posted by: admin @ 14:15 [13. 02. 12]

The early-stage venture capital firm Runa Capital has invested $1 million in StopTheHacker, a SaaS web security service. Brian NeSmith, former CEO of Bluecoat also invested in the round. San Francisco, CA-based StopTheHacker helps web-site owners to protect, detect and recover from malware attacks. StopTheHacker relies on artificial intelligence engine that monitors new strains of [...]

Instant Messenger IM+ Gets $10 Million From Finam of Russia

Files under: News
Posted by: admin @ 11:18 [13. 02. 12]

The Russian venture money keeps supporting the Russian entrepreneurs globally. The Russian-founded IM+ developer SHAPE Services has received $10 million from Finam, a Russian financial investor in Badoo social dating site and Mamba online dating platform, SHAPE announced. Started in 2002, SHAPE Services developed mobile instant messaging app IM+ with 17.5 million users. Based in Stutgart, [...]

Kaspersky Lab Generates $612 Million Revenues In 2011

Files under: News
Posted by: admin @ 03:04 [13. 02. 12]

Kaspersky Lab, which is one of the sponsors of Scuderia Ferrari F1, has announed its financial results for 2011. Kaspersky Lab generated global revenues of $612 million, up 14% from 2011. Kaspersky Lab is one of the best technology brands from Russia. Over 300 million people around the world are protected by Kaspersky Lab‘s products [...]

Russian Venture Capital Invested In Funds Of Trident Capital and DCM

Files under: News
Posted by: admin @ 09:37 [11. 02. 12]

The Russian state-owned fund of funds, Russian Venture Company (RVC) has been quetly making inroads into the U.S. market. RVC has invested $10 million and became a limited partner (via Russian Venture Capital II LP) at Institutional Venture Partners XIII (IVP XIII). Russian Venture Capital II LP has invested into Trident Capital Fund VII, a [...]

Pops To Get Funded By Mangrove Capital

Files under: News
Posted by: admin @ 12:31 [10. 02. 12]

The European early-stage venture capital firm Mangrove Capital Partners has invested in Pops, whose app for Android phones helps to personalize phone alerts with fun animations and videos, Mangrove partner Mark Tluszcz twitted. Israel-based Pops was founded by Nir Ofir in April 2011. Update: Pops raised $1.5 million. With Pops for Android, users can personalize [...]

VTB Capital To Invest $10 Million In Oktogo.ru

Files under: News
Posted by: admin @ 17:25 [9. 02. 12]

‘Booking.com of Russia’, Oktogo.ru has raised $10 million from VTB Capital, investment arm of Russia’s leading banking group VTB Group. According to newspaper Kommersant, VTB Capital obtained one-third of the company’s equity capital, valuing Oktogo.ru at $30 million post-money. Oktogo‘s hotel booking sales are expected to reach $30 million in 2012. The Russian online hotel [...]

EPAM Completes $72 Million IPO on NYSE

Files under: News
Posted by: admin @ 10:03 [8. 02. 12]

EPAM Systems, the largest IT oursorcing software engineering service provider in Eastern Europe, has completed its initial public offering (IPO) on New York Stock Exchange (NYSE), the company said. In total, 6 million shares of common stock were sold at IPO at $12 per share, valuing EPAM at $488 million. The price of shares is [...]

Top 10 Web Startup CEOs In Russia

Files under: News
Posted by: admin @ 06:38 [8. 02. 12]

Here is a list of top 10 CEOs of web startups in Russia: 1. Oskar Hartmann, CEO, KupiVIP.ru (largest Russian online shopping club and e-commerce platform). 2. Marina Kolesnik, CEO, Oktogo.ru (leading Russian hotel booking and travel site). 3. Maxim Faldin and Kamil Kurmakaev, co-CEOs, Wikimart (online shopping mall). 4. Ilya Gelfenbeyn, CEO, Speaktoit (mobile [...]

Russian E-Commerce Booming: Heverest.ru Raises New Round

Files under: News
Posted by: admin @ 06:32 [7. 02. 12]

The Russian online retailer of sports goods, Heverest.ru has received $4.3 million in new funds from the prevous investor, Otto Group-backed eVenture Capital as well as from a Russian investor. The new round will increase a total funding of Heverest.ru to $6.7 million. The Russian sports goods retail market was vauled at $6 billion last year. Launched [...]

Travel Meta-Search Momondo And Oktogo.ru To Partner For Russian Hotel Booking

Files under: News
Posted by: admin @ 17:00 [6. 02. 12]

The pan-European travel meta-search engine Momondo has partnered with Oktogo.ru, the leading Russian travel and hotel booking site, reported newspaper Kommersant. Oktogo.ru will power Momondo‘s search results with hotels from its database. The Russian online hotel booking market reached $1 billion last year. In early 2011, Oktogo.ru received $5 million from European venture capital investors. [...]

Kaspersky Lab To Purchase General Atlantic’s Stake In The Company

Files under: News
Posted by: admin @ 07:28 [4. 02. 12]

Europe’s largest antivirus company, Kaspersky Lab, will buy back the company’s shares held by the investment firm General Atlantic as well as the shares of some individual shareholders. Kaspersky Lab will use profits accumulated over the past years for a share repurchase, it announced. The company will cancel the repurchased shares. Kaspersky Lab will rull [...]

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