Augmented Pixels, a Palo Alto, CA-based developer of interactive solutions with augmented and virtual experiences, closed a $1m seed funding. The round was led by The Hive, which will incbuate the company, with participation from Steltec Capital. The company intends to use the funds to develop its technologies for 3D scanning and creation of content […]

Petcube, a San Francisco, CA-based provider of solutions for people to stay connected with their pets, closed a $1.1M seed funding. The round was co-led by AVentures Capital and Almaz Capital with participation from SOSVentures, co-founder and CTO David Michaels and a security expert, former Chief Malware Researcher at Facebook, Nick Bilogorskiy. In conjunction […]

Adinch, Inc., a San Francisco, CA- Moscow, Russia- and Kiev, Ukraine-based global real-time bidding mobile ad network, is raising $3m in equity funding. In the round, TMT Investments made a US$600k investment and acquired a 20% stake of the capital of the company which intends to use the funds to expand operations. Adinch is a […]

Settle, a Kiev, Ukrain-based provider of a mobile payment app , raised $1.5m in venture capital funding. Moscow-based venture fund Life.SREDA made the investment. Led by Stas Matviyenko, Settle is a mobile payment service for restaurant-goers in Eastern Europe. The app lets restaurant/bar customers order, settle the tab, and tip from their phone. It connects with the […]

Travelmenu, an online provider of travel services to Russian and Ukrainian consumers, has raised $1.6m in funding. Investors include Almaz Capital Partners, manager Almaz Capital Russia Fund I and Runa Capital. The company intends to use the funds to conduct a direct-to-consumer marketing campaign and expande its sales efforts. Founded by CEO Nina Pogossova, CFO Katrin Buckenmaier, Mikhail […]

De Novo,LLC, a Kiev, Ukraine-based enterprise-class data center provider, has received an equity investment from Intel Capital and International Finance Corporation (IFC). The IFC, a member of the World Bank group, has committed $3.5m. The amount of Intel Capital’s investment was not disclosed. They became the companys’ minority investors. The overall scope of investments in […]

The European Bank for Reconstruction and Development (EBRD) is investing up to €50m in a new investment fund, Accession Mezzanine Capital III L.P (AMC). The fund, which is raised by Mezzanine Management Central Europe Limited (MMCE), will focus on supporting private equity-backed acquisitions with mezzanine capital, as well as providing additional financing to enterprises with […]

In order to increase the access of SMEs to long-term financing in Ukraine, the European Investment Bank (EIB) is lending €100m to FORUM Commercial Bank. The loan will support smaller investments with total costs of up to €25m promoted by SMEs as well as energy efficiency and environmental protection projects undertaken by mid-cap companies and […]

The European Bank for Recnostruction and Development (EBRD) is providing a $150m subordinated loan to Raiffeisen Bank Aval JSC, a subsidiary of Raiffeisen International Bank-Holding AG, the third largest bank in Ukraine.  This project is part of the EBRD’s already announced €150m long-term financing programme for Raiffeisen International‘s network banks in Ukraine, Romania and Russia. […]