- Czech AVG acquired Israel-based startup Flayvr
AVG is a quite famous Czech company, a software security developer, which has become international since 1991. Recently, AVG has started to move the activities into the app design industry, and, therefore, takes corresponding measures, expanding its portfolio of mobile app companies. In November 2015 the company bought a photo app known as Flayvr for several million dollars. This Israeli startup is already famous for its photo apps MyRoll and Gallery Doctor. Now Gallery Doctor will be integrated into the AVG Cleaner app, doing almost the same function: notifying users about the limited memory space on their phones and suggesting that they delete some media content like photos and videos.
This is not the first investment deal made by AVG. In May 2015 they also acquired VPN company Privax through AVG Ventures.
- OneTwoTrip raised $4 million from Vostok New Ventures
Russian avia-booking service OneTwoTrip disclosed its funding deal with the Swedish fund Vostok New Ventures within their nine-month financial report. The startup was launched in 2011 and makes profits through small commissions made on daily sales of up to 10 000 tickets. Previously, OneTwoTrip attracted investments from Goldman Sachs, Atomico and Phenomenon Ventures.
- Startup Lingvist raised $8 million in Series A funding
Lingvist is an Estonian project, which introduced a language-teaching platform, applying individual approach, based on math optimization algorithms. Recently the startup has attracted $8 million of funding all from Rakuten (the largest Japanese e-commerce company) and their previous investors represented by the SmartCap investment fund, Inventure and angel investors Jaan Tallinn and Geoff Prentice. The money is planned to be directed on hiring the additional staff of developers, who will work on the advancement of machine learning algorithms.
- New accelerator programme for cyber security startups launched in Russia
3 major tech giants – RT-Inform (a Rostec subsidiary), Russia’s Internet Initiatives Development Fund and I-Teco – created a partnership in launching a unique accelerator programme for startups, developing cyber security projects. The accelerator promises to provide up to $15 million dollars in the two following years for startups’ development. The projects with positive growth dynamics might be also granted with seed-stage funding and further rounds.
- Ukrainian Redevelopment Fund acquired shares in Ciklum
Ciklum is a global-level software engineering company, quartered in Kiev, founded in 2002 by Torben Majgaard. Managing the staff of more than 2500 programmers, the company is considered to be the leader in Ukrainian fast-growing IT environment. Recently, the Ukrainian Redevelopment Fund, a private investment fund founded by George Soros, acquired a big equity stake in Ciklum.
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