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Files under: News, Tech, Web 2.0
Posted by: Yakov @ 11:58 [27. 10. 08]
When it comes to online shopping in Russia, the venture capital investors are looking for proven business models and projects that can generate revenues from the very beginning. The largest Russian online shop Ozon.ru, which often called ‘Russian Amazon’, has raised $18 million from Index Ventures and the others. I recently suggested that [...]
Files under: Mobile, News, Tech
Posted by: Yakov @ 02:33 [24. 09. 08]
The Russian mobile phone retailer Egrad (Цифроград), which holds 10% market share in handset retail sales, raised $16.7 million from a group of existing and new investors. The deal was organized by an existing investor Russian Funds and consultant Advanced Research.
Founded in 2003 by mobile phone and consumer electronics distributor Severen, Egrad has over 1,400 [...]
Files under: Mobile, News, Tech
Posted by: Yakov @ 12:28 [4. 09. 08]
The venture capital fund VTB Venture Fund invested $4 million (100 million rubles) in EZtalk, a mobile callback service operated in Russia by Simbiotel Limited company, reported newspaper RBC Daily. EZTalk helps save on international calls from mobile. The callback service market in Russia was valued at $60 million in 2007, of which mobile callback [...]
Files under: News
Posted by: Yakov @ 19:22 [25. 06. 08]
ru-Net, the Internet investment company acquired a 51% controlling stake in iConText, a leading Russian contextual advertising agency, reported business daily Vedomosti. According to expert estimates, the deal could be valued at ca. $7 million. Having accounted for 7% of Russian contextual advertising spending of $210 million in 2007, iConText could have had billings of [...]
Files under: News
Posted by: Yakov @ 13:30 [25. 06. 08]
The venture capital fund, Early Stage Alternative Fund, managed by Renova Capital agreed to acquire a controlling stake in machine translation software and service provider PROMT.
According to business daily Vedomosti, the fund acquired just over 51% stake in PROMT from its founders and will raise its stake in next two years by investing additional [...]
Files under: Enterprise, News, Web 2.0
Posted by: Yakov @ 16:29 [9. 06. 08]
Troika Capital Partners, which manages three Russian regional venture funds with total equity capital of $50 million, invested $4 million in iiko, a restaurant ERP software company, announced Artem Yukhin, Director of Troika’s regional fund in the Republic of Tatarstan.
David Yan, founder of document recognition software vendor ABBYY, started iiko together with his partner Maxim [...]
Files under: News
Posted by: Yakov @ 13:56 [29. 05. 08]
The London-based Tower Gate Capital together with a Russian hedge fund and New York-based Third Millennium Russia Fund invested $4 million in DataArt, a high-end software outsourcing provider with development centers in Russia and the Ukraine. The company said it would add $2 million to the round in the near future. 11-year old DataArt [...]
Files under: News, Web 2.0
Posted by: Yakov @ 11:02 [22. 05. 08]
EnterMedia, a leading Russian in-game advertising company raised equity capital from Mangrove Capital Partners and ABRT Fund, announced Mangrove’s Managing Director Mark Tluszcz at a press conference in Moscow today. Mark did not disclose amount of investment that is estimated to be over $1 million. He pointed to a “depth of technology skills in Russia” [...]
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