Pixonic, a Russian social game publisher, has raised USD 5 million in a round of funding with a valuation of USD 10 million. Investors include Ukrainian based TA Ventures, Kite Ventures and Ventech. Ventech has stated that they invested USD 2.5 million of the USD 5 million. Pixonic (www.pixonic.ru) Founded in 2009, Moscow based Pixonic [...]

Russia’s Oktogo.ru website, an online portal for booking hotel reservations, has received an additional USD 5 million in its latest round of fundraising. Leading the round was European VC firm Mangrove Capital Partners, making it the fifth Russian investment from the firm. ABRT Fund and Ventech joined Mangrove for this round. Last year Oktogo.ru was [...]

WomanJournal.ru and Passion.ru, two of Russia’s many websites targeting woman, will merge through an agreement recently reached between the two site’s individual owners. The deal calls for Passion.ru’s Evgeny and Svetlana Vysokovskiy to receive a stake of less than 50% and two Board seats at Milanor, the owner of WomanJournal.ru. The parties hope the merger [...]

The owner of WomanJournal.ru, Milanor Company has finished a round of investments designed to further develop its Internet-based projects. Three French private equity funds, Ventech Capital, XAnge Capital and AGF Private Equity, have invested EUR 6 million. The funds will be used to enhance band recognition and the user-interface on the website portal. WomanJournal.ru (www.womanjournal.ru) [...]