Kite Ventures and Ru-Net-backed TrendsBrands received USD 3 mln from Ventech, a Paris-headquatered venture capital firm. Transbrands’ core focus, both on its online and offline platforms, is designer clothes retail. Started in June 2011 the company targeted custormers seeking fashion items on low prices, yet with unique design and great quality. The concept of pairing high [...]

Japanese VC fund UMJ Russia has successfully led a first round of financing worth USD 1.4 mln for MirVracha.ru, a portal catering to Russian doctors and medical students. UMJ Russia will take on a majority stake in the company, while M3 Inc., another Japanese company that provides unique online solutions for medical and life sciences [...]

Russian VC firm Runa Capital has just invested USD 1.5 mln in France-based Ubikod, which has developed an apps management platform called Capptain. The tool allows real-time capture of apps performance and usage data and provides customized reporting and excellent data visualization, and also enables two-way communication with its user base. Ubikod (www.ubikod.com) Ubikod is [...]

Advent International-backed animal nutrition leader Provimi Pet Food has sold its French factory to rival company ATM. Following the sale, Hungary-based Provimi will operate from seven production units in Europe, with expansion plans underway for Germany, Romania and Poland. ATM (www.hery.fr) ATM, founded in 1980, is headed by Eric Charles. Héry Laboratoires is one of [...]

Struggling French software producer Mandriva has received an investment in the form of a minority share purchase by Russia’s NGI. No details have been disclosed, but speculation suggests the investment was made specifically to help Mandriva develop a Russian state operating system. NGI’s advisor on the deal was Leonid Reiman, former Russian Minister of Communications [...]

Despite rumors to the contrary, Marfin Investment Group (MIG) has announced that it is not engaged in talks with ThyssenKrupp Marine Systems to acquire Hellenic Shipyards (HSY). MIG went so far as to state that they were not interested in Hellenic Shipyards or any other shipyards in Greece. The rumors of MIG’s potential interest began [...]

Popular hotel booking website TVTrip.com has raised USD 9 million in new funding, adding to previously secured funding of $4.8 million. Previous investors Balderton Capital and Partech International were joined in this round of funding by AGF Private Equity. The funding is classified as Series B, meaning it is the second round of preferred stock [...]

Ambient Sound Investments announced that it invested in Drimki, a Paris-based company with a new online real estate platform targeted at residential real estate consumers and sellers. Drimki (www.drimki.com) Founded in 2007, Drimki manages a comprehensive platform for surveying residential property, and enables the purchaser to find opportunities on the Parisian real estate market. Based [...]