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Putin Pops Russia’s Tech Bubble
According to Fastlane Ventures, 245 Russian companies got VC funding in 2013—a sliver compared with the 3,700 companies that get VC funding in the U.S. each year but a start nonetheless.
One Cycle Down, Russian Venture Capitalists Prepare For New Growth Spurt
The Moscow Times
The market has also shifted away from seed-stage startups towards existing companies with a two- to three-year track record and proven business models, said Marina Treshchova, chief executive of Fastlane Ventures, a venture capital fund with about $100 million invested in online businesses in Russia.
Fastlane Ventures raises $1.4 million to turn how-to website into “knowledge sharing social network for millions of users”
East-West Digital News
Relevant Media’s leading business, Kakprosto.ru, contains a library of more than 250,000 answers for the most common questions asked on the web. In terms of traffic, the site is ahead of its competitors – Shkolazhniki.ru and even the corresponding sections of Google and Mail.ru
Lokata: Shopping in Russia has never been easier
The Voice of Russia Radio
Shopping in Russia has become easier due to the new online service Lokata. Next time you need a new piece of clothing, just download Lokata application to your iPhone, and it will help you navigate the store with the things you need. To find out more about the service we are joined by the CEO of Lokata - Zhanna Shalimova.
Relevant Media, the Owner of Russian “How-to” Portal Kakprosto.ru Raises $1,4 Million
The company, which claims to see 18 million unique visitors each month has just raised $1,4 million from a group of private investors to expand build its own social network, develop more content and a mobile app. So far there are over 250,000 how-to guides available on Kakprosto.
Prepaid Cleared for Takeoff in Russia
As Russia moves its way toward a cashless economy, prepaid cards will thrive amid increasing demand from different customer groups, development of a regulatory framework, implementation of government initiatives and increasing interest from retailers building loyalty programs.
New Research Suggests Russian VC Has Dumped Seed For Late Stage And Exits
So it is of significant interest that today Russian investor Fastlane Ventures has released its Russian Internet Deal Book. This shows that Russian investors are indeed looking at the late stage more and 2014-2015 the “RuNet” (shorthand for the vast Russian-speaking Internet) will see more exits among companies.
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