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This week my Evernote is bursting with stories about Russian and eastern European startups. So here we go.
A large funding round of Russian business marketplace B2B Center was announced today. PE firms and Runa Capital bought a minority stake in the company for $45 million.
Seedcamp and 500 Startups invested in Latvian Repairy, which appears to be a straight-forward cloud service which helps auto repair shops streamline their business processes from registering incoming orders to ordering spare parts.
EWDN reports that “Siri for Android” Speaktoit, a mobile app that allows to interact with Android phones via voice command has raised an undisclosed round of funding from Intel Capital. Speaktoit is also a resident of Skolkovo IT Cluster.
In Russia a new law may restrict foreign investors’ ability to back large Internet companies, or enable those companies to go public on foreign stock exchanges. The law is currently being reviewed by the legislators.
Jennifer L. Schenker of Informillo has compiled her own list of hottest Russian startups (where I would equate a word “startup” with “Internet company”). This is basically Runa Capital’s portfolio and a few more names from Forbes’s list.
With a tagline “Chat, flirt, love” Lithuanian Eskimi, a social network for users of feature phones continues to grow in Nigeria, Ghana, Vietnam and Indonesia as reported by Arctic Startup. It now boasts 7 million users.
Russian 42Conf has been covered by the Next Web. Alas I missed the event.
Romanian VentureConnect’s pitching session took place this week. It saw presentation from BlueSeed, the visa-free startup community on the ship, which has PayPal co-founder Peter Thiel as a backer and a Romanian Dan Dascalescu as a co-founder. Makan Studios presented its palette generator app which extract colors from photos. For more names, read VentureConnect blog.
That’s it. Just a few more hours left this week to be productive.
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