Finance

Russia seeks to develop startup industry in Crimea

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a government-backed fund supporting startup development, will open a remote regional accelerator in Sevastopol, Crimea, as soon as this summer, the Russian business daily Kommersant reported last week. The fund is expecting to support five to seven projects, which will be evaluated on the local and national levels. Funding …

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Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard

Coppertino, a Los Angeles-based startup with Ukrainian origins, announced today that it has raised half a million dollars at an undisclosed valuation from leading Ukrainian investment firms AVentures and TA Venture as well as from Torben Majgaard, the Danish founder of Ukrainian IT-outsourcing company Ciklum. Founded in 2011 by Petro Bondarevskyi and Ivan Ablamskyi, Coppertino has maintained its R&D …

Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard Read More

Russian and Ukrainian VCs team up to invest in US software startup

As Russia and Ukraine were escalating to a new level of mutual threats and recriminations earlier this week, venture funds offered a welcome illustration that nationalism has not completely spoiled relations between the two countries. A leading Kiev-based fund, AVentures Capital, has teamed up with two Russian funds, Almaz Capital and ABRT, to inject $3.25 …

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Ukraine’s TA Venture and Russia’s ABRT team up to invest in UK startup Zesty

Zesty, a London-based service for booking medical appointments online, announced today that it has obtained $2 million in funding at an undisclosed valuation from Ukrainian VC TA Venture and Russian VC ABRT Fund. The company – which was backed at the seed stage by Luxembourg-based VC Mangrove Capital Partners, – says that it will use the new …

Ukraine’s TA Venture and Russia’s ABRT team up to invest in UK startup Zesty Read More

Polish government announces $100 million fund to support Ukrainian small companies

Poland is to put $100 million (300 million zloty) into supporting small Ukrainian companies, which will obviously include tech companies by implication, and allow more Ukrainian companies to list on its stock exchange. “We do this to support the new Ukrainian industry, new business and build a new middle class,” President Bronislaw Komorowski told Polish newspaper …

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Keen raises $1.625 million to create a support system for complex printing projects

Vitaly M. Golomb is taking on a decidedly unsexy incumbent market: the printing industry. While the rest of us are ebooks this and PDFs that, millions of dollars are changing hands in order to print out signs, brochures, and other collateral. But that world of offsets and ink is still primitive, which is why Golomb …

Keen raises $1.625 million to create a support system for complex printing projects Read More

New fund to turn Ukraine’s e-commerce potential into scalable reality

Earlier this month, the Moscow-based management company Flint Management launched a venture fund dedicating to developing e-commerce in Ukraine. This move comes just weeks after the company announced the creation of Flint Capital, a $35 million fund with a large high tech investment focus in Russia and Ukraine. Christened ‘Bull Ventures,’ the new fund has …

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Divan.TV launches worldwide for 300-million Russian and Ukrainian language audience

Divan.TV, a Ukrainian developer of OTT middleware and pay TV channels with 125,000 users in Ukraine, has made its programs available worldwide, targeting Russian- and Ukrainian speaking audiences. According to the company, this audience reaches about 80 million households in total, including 16 million in Ukraine, 32 million in Russia and more than 30 million …

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TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe”

Not only is Mrs Tigipko one of these exquisitely educated and beautiful ladies one can meet in Kiev, she also is an inexhaustible source of ideas and energy when it comes to innovation and venture activity. In a mere three years, she has transformed a Kiev event, IDCEE, into the international face of the East-European startup and venture scene. …

TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe” Read More

$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic

Last week Palo Alto, California-based startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced that it has secured an investment from Maxfield Capital, a $100 million Russian venture fund that focuses on the IT and Internet segments. The startup, which has Ukrainian and Russian roots, also announced the appointment of Silicon …

$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic Read More

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