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Archives for the 'News' Category

Venture Awards Russia 2013

Files under: News
Posted by: admin @ 12:41 [5. 12. 13]

The award ceremony for the first-ever Venture Awards Russia was held in Moscow on December 5, 2013. The awards went to the Russian venture capital companies and investors as well as to Russia-based foregn venture capital companies. The award event was supported by the Russian Venture Company (RVC). Venture Awards Russia 2013 were awarded in [...]

Venture Awards Russia

Files under: News
Posted by: admin @ 06:14 [29. 11. 13]

The first-ever Russian venture capital awards Venture Awards Russia are to be held in Moscow on December 5, 2013. The awards are intended for the ‘best‘ Russian venture capital companies and investors. The award event is supported by the Russian Venture Company (RVC). Venture Awards Russia 2013 are to be presented in nine nominations: New [...]

Russian Deal Round-Up: Wrike, Nginx, Cinarra

Files under: News
Posted by: admin @ 12:42 [20. 10. 13]

The project management and collaboration software provider Wrike has raised a $10 million Series A round from Bain Capital Ventures (BCV). The company serves over 4,000 customers worldwide on the premium version of its product. Headquartered in San Jose, CA, Wrike was first released by Russian software entrepreneur Andrew Filev in 2006. The company won [...]

Russian Deal Round-Up: Flocktory, Playtox, DEMO Europe in Moscow

Files under: News
Posted by: admin @ 15:16 [5. 06. 13]

Flocktory, an online referral marketing company has obtained $1.5 million in venture capital from Digital Venture Partners, a new investment vehicle in Russia. The raised funds will be invested into market expansion. Flocktory claims to have more than 200 customers among online commerce companies in Russia. Playtox, a multiplayer browser-based mobile gaming company has got [...]

Yandex To Introduce New Search Platform – Yandex Ostrova (Islands)

Files under: News
Posted by: admin @ 02:17 [16. 05. 13]

The leading Russian search engine company Yandex has announced that it will open a new search platform called Yandex Ostrova in summer, according to its blog. The information about the new platform “Острова” (or Islands in Russian) can be found at beta.yandex.ru Instead of search links on search engine result pages (SERPs), Yandex aims to [...]

Quintura Kids To Gain As Yahoo! Kids Goes To Deadpool

Files under: News
Posted by: admin @ 10:43 [14. 05. 13]

Quintura‘s kids-friendly search engine Quintura Kids is gaining momentum because of various factors. One reason is an increasing usage of an universal iOS app of the web service. The other could be the fact that Yahoo! has terminated its kids directory Yahoo! Kids for good. The Quintura search engine for kids has made it easier [...]

Yuri Milner Named To Forbes Midas List 2013

Files under: News
Posted by: admin @ 10:17 [14. 05. 13]

Yuri Milner has become the first Russian to be named to the Forbes Midas List for the third year in a row. Forbes named Yuri Milner #35 at the Midas List 2013. Yuri Milner‘s firm DST Global has invested in social media companies Facebook, Zynga, Twitter and Groupon as well as in Spotify, Airbnb, Klarna, ZocDoc, 360buy.com and [...]

Merger Of Equals: Afisha-Rambler And SUP Media (LiveJournal)

Files under: News
Posted by: admin @ 15:51 [28. 03. 13]

LiveJournal owner SUP Media and Rambler owner Afisha-Rambler have agreed to a merger of equals. As a result, Afisha Rambler and SUP Media will create a 50/50 company that will become #3 online media company in Russia with a total audience of 35 million unique visitors per month. According to Forbes’ Internet top 30 in [...]

Rostelecom To Launch New Search Engine At Sputnik.ru

Files under: News
Posted by: admin @ 14:44 [28. 03. 13]

The leading Russian telecom operator Rostelecom is going to launch a new search engine at Sputnik.ru. Sputnik means a satellite in Russian. The domain name sputnik.ru is registered to RTComm.ru, a Rostelecom company. The news was reported by Cnews. This can be supported by the fact that Rostelecom recently appointed Alexey Basov as Vice President [...]

Oktogo.ru and Ostrovok Got $65M VC Funding

Files under: News
Posted by: admin @ 23:17 [26. 03. 13]

The Russian hotel booking site Ostrovok raised $25 million from General Catalyst, Accel Partners, Yuri Milner and others. Two weeks ago its local competitor Oktogo.ru raised $11 million. The pair have got a total venture capital funding of some $65 million over tha past two years. The Russian online travel market is valued at $10 [...]

Russian Deal Round-Up: Oktogo.ru, Hearst Shkulev Digital, Yandex

Files under: News
Posted by: admin @ 01:57 [17. 03. 13]

The group of venture capital firms VTB Capital, Mangrove Capital Partners, Ventech and Victor Sazhin Group has invested $11 million in Oktogo.ru, a leading hotel booking site in Russia. Founded in 2010, Oktogo.ru is headed by CEO Marina Kolesnik.  Focused on Russian travelers, Oktogo.ru offers more than 5,000 hotels in Russia and 250,000 hotels worldwide. [...]

Naspers To Invest $50 Million In AVITO.ru; Merge OLX.ru And Slando.ru Into It

Files under: News
Posted by: admin @ 16:53 [11. 03. 13]

The largest Russian free online classifieds site AVITO.ru, which raised $75 million at pre-money value of $300 million in May 2012, has agreed to merge with its two major Russian rivals, OLX.ru and Slando.ru, both owned by Naspers of South Africa. Naspers also agreed to invest $50 million into AVITO.ru as a part of the [...]

Ru-Net To Invest $6 Million In Esky.ru

Files under: News
Posted by: admin @ 13:53 [5. 03. 13]

ru-Net of Leonid Boguslavsky has agreed to invest $6 million for a 25% stake in Esky.ru, online retailer of baby products in Russia. The investment was reported by newspaper Kommersant. The Russian baby product e-commerce market is valued at between $600 million and $800 million per year. Founded in 2009, Esky.ru sells baby products online. [...]

Top 30 Russian Internet Companies by Forbes

Files under: News
Posted by: admin @ 04:42 [28. 02. 13]

The Russian online advertising market reached almost $2 billion in 2012. The online ad spendings exceeded both print and outdoor ad spendings. One ranking of the Russian internet companies has been done by Forbes in Russia. Today it released a list of top 30 Russian internet companies. The online site Forbes.ru ranked the Russian internet [...]

Runa Capital To Invest $8 Million In uBank, Mobile Payment Provider

Files under: News
Posted by: admin @ 16:07 [24. 02. 13]

The Russian venture capital firm Runa Capital has invested $8 million in uBank, a Russian mobile payment provider. uBank offers a mobile app for smartphones that helps pay utility bills. Released last December, uBank free app for Android has been downloaded more than 250K times from Google Play. In addition, the app is pre-installed on [...]

Yandex Did Almost $1 Billion In Revenue Last Year

Files under: News
Posted by: admin @ 14:18 [19. 02. 13]

The Russian search engine company Yandex (NASDAQ: YNDX), which has recently become the world’s 4th largest search engine ahead of Bing, has announced its financial results for the fourth quarter and the full year ended December 31, 2012. Yandex completed $1.4 billion IPO on NASDAQ in May 2011. In Q4 2012, Yandex reported revenues of [...]

Fast Company Names Top 10 Most Innovative Companies in Russia

Files under: News
Posted by: admin @ 12:19 [11. 02. 13]

Fast Company has named The World’s Top 10 Most Innovative Companies in Russia. 1. Oktogo Why? For bringing online travel booking to a distrustful country. Only 10% of business in Russia is handled online, and yet this online travel-booking company made $30 million last year, up from $6 million in 2011. It’s done so by [...]

Russian Online Advertising Market Up 35% In 2012; Exceeds Print Ad Spend

Files under: News
Posted by: admin @ 08:46 [6. 02. 13]

According to the Russian Association of Communication Agencies (AKAR), the Russian internet advertising market was valued at 56.3 billion Roubles ($1,877 million) in 2012, up 35 percent from 2011. The contextual advertising spendings were up 45 percent year-on-year to 38.4 billion Roubles ($1280 million) in 2012 and accounted for 68 percent (vs. 63 percent in [...]

French VC Ventech To Invest In TrendsBrands

Files under: News
Posted by: admin @ 17:13 [4. 02. 13]

The French venture capital firm Ventech has invested $3 million in TrendsBrands, a Russian online retailer of designer clothes. TrendsBrands existing Russian investors Kite and ru-Net put $1 million more into the round that valued the business at some $8 million to $10 million post-money, according to newspaper Kommersant. In 2011, the two firms invested [...]

Nielsen: 37 Percent Of Mobile Subscribers In Russia Own A Smartphone

Files under: News
Posted by: admin @ 13:26 [21. 01. 13]

According to new research from Nielsen, 37 percent of mobile subscribers in Russia owned a smartphone as of the first half of 2012. China was the only country among BRIC (Brazil, Russia, India, China) markets where smartphones were predominant, owned by 66 percent of Chinese mobile subscribers as of the first half of 2012. That [...]

Russian Deal Round-Up: Parallels (Cisco), Agenda (IMI)

Files under: News
Posted by: admin @ 01:39 [19. 01. 13]

The global networking hardware and software company Cisco has acquired one percent stake in Parallels, a virtualization and cloud service software vendor. Cisco and Parallels plan to increase collaboration for Cisco’s cloud and data center infrastructure solutions. Parallels, which has software development centers in Russia, was founded in 1999. IMI.VC of Igor Matsanyuk invested in [...]

Top Internet M&A Deals In Russia In 2012

Files under: News
Posted by: admin @ 07:25 [8. 01. 13]

The Russian internet economy was in a rapid-growth stage in 2012. The internet advertising market grew more than 40% to $2 billion per year. Top 10 internet venture capital investments in Russia totaled $299 million last year. 2012 wasn’t a year of consolidations in Internet in Russia. Only a few mergers and acquisitions of internet [...]

Quintura Named Top Google Alternative By Computerworld

Files under: News
Posted by: admin @ 08:30 [4. 01. 13]

The visual search engine Quintura has been named top Google alternative by Computerworld in Denmark. Other alternative search engines in the top list included Bing, Duckduckgo, Hakia, Clusty, Ask, Blekko and Ixquick.

Merry Christmas and Happy New Year 2013!

Files under: News
Posted by: admin @ 05:23 [30. 12. 12]

Enjoy our New Year greetings card! May all your dreams come true! Happy Holidays!

New Year Greetings From Yandex

Files under: News
Posted by: admin @ 07:24 [27. 12. 12]

Top 10 Russian Internet Venture Capital Investments In 2012

Files under: News
Posted by: admin @ 12:37 [26. 12. 12]

Here is a list of 2012 top ten venture capital (VC) investments in Russian internet companies. The Russian internet VC deals in 2012 are ranked by deal value. The total value of top 10 investment deals is equal to $299 million implying an average investment of $30 million. Out of top ten deals, seven investments [...]

Sberbank To Acquire Yandex.Money From Yandex

Files under: News
Posted by: admin @ 06:19 [19. 12. 12]

The largest Russian bank Sberbank has agreed to acquire 75% share at Yandex.Money, a web money service, for $60 million from Yandex. The deal is announced at a press event in Moscow today. Yandex is to hold 25% share plus one rouble in Yandex.Money and two out of five sits at its Board of Directors. [...]

Almaz Capital Partners To Invest In 2can, Russian Copycat Of Square

Files under: News
Posted by: admin @ 07:25 [18. 12. 12]

The mobile payment service 2can has raised several million dollars from Almaz Capital Partners of Alexander Galitsky. Previously, 2can, which is operated by Smartfin company, raised $2.3 million, including $1.6 million from InVenture Partners. 2can was founded by Nikolay Zhmurenko, former CFO of Svyaznoy and Synterra and Yuri Vladimirov, former CFO of Inoventica Group, in [...]

iPhone 5 Sales of 25,000 Units for Russia’s First Weekend

Files under: News
Posted by: admin @ 14:26 [17. 12. 12]

The official sales of iPhone 5 in Russia began last Friday, December 14. In total, 25,000 iPhone 5 devices were sold in Russia in the first three days, according to Russian news. In comparison, in China, more than 2 million iPhone 5 devices were sold in the first three days since last Friday. In Russia, [...]

Miss Tourism Russia Crowned Miss Tourism World 2012

Files under: News
Posted by: admin @ 07:02 [17. 12. 12]

The 2012 winners of Miss Tourism World have been crowned in Siam Niramit, Bangkok, Thailand. The winner is Miss Tourism Russia – Tatyana Maksimova. She is 23 and 181cm tall. The 1st Runner-up is Miss Tourism India. The 2nd Runner-up is Miss Tourism Lebanon. Russian Online Travel Agencies Boom; Raise Funds Fast Company Names The Russian [...]

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