nScaled, formerly called LegalCloud, has raised USD 7 mln from multiple investors including Almaz Capital and Doughty Hanson in a series A round of financing. The cloud-based ‘Recovery-as-a-Service’ (RaaS) provider will use the funding to increase its data center presence across the world, as well as for software development and sales initiatives. Peter Loukianoff, one [...]

Networking vendor Vyatta has recently added to its board of directors Sun Microsystems ex-Chief Networking Officer Geoffrey Baehr. The move is assumed to be part of their strategy to enhance their cloud business, which is one of their three offerings to clients – cloud, physical and virtual networking. Baehr was formerly with Sun Microsystems for [...]

AlterGeo, in its latest round of funding, raised what is to be believed to be between USD 5 and 10 million through Intel Capital and Almaz Capital, in exchange for a 25% share in the company. In a previous round of funding, AlterGeo was able to raise USD 1 million through Kite Ventures and AddVenture. [...]

Flirtic.com launched in the beginning of 2011 and has since been able to raise $1 million in venture capital. Cisco Russia Fund I, from Almaz Capital has agreed to make the investment in this company. Jaak Roosipuu, and angel investor, Evgeny Pshenichnikov and Andrei Korobeinik are the shareholders in the company. The later two shareholders [...]

AlterGeo, in its latest round of funding, raised what is to be believedt o be between USD 5 and 10 million through Intel Capital and Almaz Capital, in exchange for a 25% share in the company. In a previous round of funding, AlterGeo was able to raise USD 1 million through Kite Ventures and AddVenture. [...]

Travelmenu.ru has raised $1.6 million U.S. dollars to expand their company through investments from Almaz Capital Russia I Fund and Runa Capital. This is the first time the company has received any outside funding. Travelmenu.ru (www.travelmenu.ru) Travelmenu.ru was first launched in 2005. The company began as a b2b site, acting as a travel agency, and [...]

Yandex, the undisputed champion among all Russian-language Internet sites, has announced plans for a NASDAQ IPO in June or July 2011. The USD 1 billion IPO will be managed by Morgan Stanley and Deutsche Bank. Existing shareholders like Almaz Capital, Baring Vostok Capital Partners, Runet II, Tiger Global, and UFG, which collectively own about 60% [...]

Russia’s Runa Capital, a new VC firm with only four months under its belt, has announced an investment in cloud computing firm Hivext. The investment marks the second for Runa, following last month’s USD 2 million investment in OnAir3G; a software development firm working on a voice activated social networking platform. Runa Capital was joined [...]

Almaz Capital Partners has made an investment in Russian online game producer Alawar, making it the second Russian games sector deal in the last month after the Mangrove and ABRT funding of Drimmi. Through its Russia Fund I, Almaz has acquired 23% of Alawar at a cost of about USD 3 million; 15% was purchased from [...]

Almaz Capital Partners recently announced an investment of unknown size in online accounting firm Acumatica. The deal is being funded through Almaz Capital Russia Fund I, the fund anchored by Cisco Systems with a USD 30 million investment at first close in 2008. The deal provides Acumatica with the capital it needs to launch its [...]

Almaz Capital Partners has announced an USD 11 million investment in Parallels, a virtualization software developer, and the Apollo Project, a new venture to extend social networking service to mobile devices. The funding, which is being offered through the Almaz Capital Russia Fund I, was made possible in part by a USD 30 million anchor [...]