Archives for the 'News' Category
Files under: News, Web 2.0
Posted by: admin @ 07:39 [9. 06. 11]
VC turned entrepreneur Andres Susi online dating startup Flirtic raised a round of venture capital funding from Almaz Capital/Cisco Russia Fund I, the company announced today. The Estonian investor Allan Martinson funded Firtic also nominated Myspace Senior Vice President April Henry as its board member. The new investment should be in the range of $1 [...]
Files under: News, Web 2.0
Posted by: admin @ 04:29 [9. 06. 11]
Zappos for Russia, Sapato.ru has raised $12 million in new funding, the company announced today. The investment round was led by Intel Capital, which contributed a majority of $12 million. The previous investors such as eVenture Capital, Kinnevik and Direct Group also joined the round. Sapato previously raised over $5 million from German Otto Group-backed [...]
Files under: Mobile, News, Tech, Web 2.0
Posted by: admin @ 01:15 [9. 06. 11]
Intel Capital and Almaz Capital have led a new round of funding in AlterGeo, a Russian geo social service. Intel and Almaz invested several million dollar in exchange for a 25% stake in AlterGeo, valuing it at $20 million, according to newspaper Vedomosti. That could imply $5 million new investment. AlterGeo previously raised $1 million [...]
Files under: News, Tech, Web 2.0
Posted by: admin @ 05:06 [8. 06. 11]
The leading Russian search engine company Yandex, which completed $1.4 billion IPO on NASDAQ in May 2011, has invested in personal finance startup Zenmoney.ru. The investment was made as part of Yandex.Factory (Яндекс.Фабрика) initiative, according to Yandex start-up blog. Zenmoney will have to use Yandex.API for future service development. Founded in early 2010, Zenmoney.ru (Дзенмани.ру) offers [...]
Files under: News
Posted by: admin @ 06:00 [7. 06. 11]
The leading Russian nationwide cinema network Cinema Park has agreed to acquire Rising Star Media, operator of KinoStar DeLuxe Cinemas chain of movie theaters in Russia from UFG Private Equity, Shari Redstone and Paul Heth, according to ProfMedia press announcement. The acquisition was financed from own funds of Cinema Park‘s owner ProfMedia of Russian billionaire [...]
Files under: News, Tech
Posted by: admin @ 05:46 [1. 06. 11]
// The Russian nanotechnology investment company RUSNANO has agreed to invest $15 million out of $22 million investment in a new round in SiTime Corpotation, an analog semiconductor company developing MEMS-based silicon timing solutions. Based in California and Ukraine, SiTime plans to open a new design center in Russia with new funds, according to Rusnano. [...]
Files under: News, Web 2.0
Posted by: admin @ 03:36 [1. 06. 11]
When Rambler merged with Afisha in 2010, it appointed new CEO Nikolay Molibog from Afisha, who replaced Olga Turischeva. The united company of Afisha and Rambler, which is owned by media group ProfMedia, has unvelied a new logo and brand of Rambler, reported newspaper Vedomosti. The new logo and brand were created by Afisha’s art [...]
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 [...]
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