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LitRes Raises $5M in First Funding

According to VentureBeat, LitRes, a Russian e-book retailer, raised $5m in first funding. The round was led by the Russian Internet Technology Fund. The company intends...

Qbaka Raises Seed Funding

Russia-based Qbaka, a platform that helps developers track client-side problems, raised a seed funding round of undisclosed amount. Venture capital fund Maxfield Capital, founded by Alexander...

Eruditor Raises $12M in Funding

Eruditor Group, a Moscow, Russia-based marketplace for people in need of private tutors, raised $12m in funding. Backers included Intel Capital, Frontier Ventures and Runa...

Maykor Receives Financing from CapMan and Others

Maykor, a Russian IT outsourcing service provider, received an investment of undisclosed amount. Backers included CapMan Russia II, a fund managed by CapMan, the Russian...

WeStudy.In Raises $300K

WeStudy.In, a Moscow-based platform that support Russian students in studying at schools abroad, raised $300k in funding. The backer was Mikhail Frolkin, the managing partner...

Flocktory Closes $1.5M Series A Financing Round

Flocktory, a Moscow, Russia-based social referral marketing solution for online retailers, closed a $1.5m Series A financing round. The backer was Digital Venture Partners. The company...

Playtox Closes $3M in Funding from Runa Capital

Playtox, a Russian mobile game developer of free-to-play browser games, closed a $3m in funding from venture capital firm Runa Capital. The company intends to...

Eduson.tv Launches with $1M in Funding

Eduson.tv, a Moscow, Russia-based online business learning service, just launched with around $1m in funding. Backers included Groupon Russia founders and Elena Masolova, among others. The...

Sendmebox.ru Raises $300K

Sendmebox.ru, a Rostov-on-Don, Russia-based startup that operates a platform for Russian customers shopping on foreign web sites, raised $300k in funding. Backers included the Moscow...

Russian Genezis Capital Launches VC Fund

Maxim Shekhovtsov and Alexander Zhurba, the founders of TexDrive, a Moscow, Russia-based startup accelerator, launched a fund focused on IT projects. Christened Genezis Capital invests...

Oktogo.ru Raises $11M in Venture Capital Funding

Oktogo.ru, a St. Petersburg, Russia-based online hotel reservations company, raised $11m in venture capital funding. Backers included Mangrove Capital Partners, Ventech and Victor Sazhin Group....

uBank Raises $8M from Runa Capital

uBank, a Moscow, Russia-based mobile payment startup, raised $8m in funding from Runa Capital. The company intends to use the capital for product development and...

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