Eighteen Russian and Western business angels invest $700,000 in innovative online printing technology
East-West Digital News 28 November 2012 Printio.ru, a Moscow-based startup offering personalized printing services, has just raised $700,000 from a total of 18 Russian and Western business angels. The terms of the deal have not been disclosed, but Printio’s co-founder...Report: KBC to Sell Absolut Bank
Moscow Times 28 November 2012 Belgian banking group KBC will sell Russian lender Absolut Bank to a private pension fund managed by Russian Railways, sources close to the deal said Tuesday. The deal will be announced officially in mid-December, Vedomosti reported,...RVC State-owned fund to complement business angel financing
East-West Digital News 23 November 2012 Yesterday, RVC, the state-owned fund of funds dedicated to innovation, announced a new program to complement business angel investment in Russian startups at very early stages. The fund’s co-investment will amount to up to 3...Mail.ru Group sells Facebook, Groupon and Zynga stock
East-West Digital News 21 November 2012 The Mail.ru Group recently sold its stakes in Groupon and Zynga – 4.12% and 1.17%, respectively – and reduced its stake in Facebook from 0.75% to 0.52%, according to information published during the last few weeks on the group’s...