Moscow, Russia-based investment fund Flint Capital and government-backed early-stage fund FRII poured an undisclosed amount into St Petersburg-based photo manipulation detecting startup SMTDO Tech LTD.
Europe
Russia prohibits use of Bitcoin
The Central Bank of Russia echoed its statement that the Ruble is the country's official currency, and being a money substitute, Bitcoin is now banned because it is reportedly used in illegal activities.
Bristow Helicopters picks up stake in UK's Eastern Airways
British helicopter airline Bristow Helicopters picked up a 60% stake in UK-based airline Eastern Airways International Ltd, with the two firms to continue operating as entities independent from each other, as part of the strategic investment deal.
UK-based online video firm Blinkx complains to regulator of possible market manipulation
After losing a third of its value last week due to a ruinous blog post published about the firm by a Harvard Business School professor, Blinkx complained to a financial regular that it may have been the victim of a market manipulation, the Financial Times reported.
India's MakeMyTrip buys Amsterdam's EasyToBook for $5M
India-based travel booking website MakeMyTrip bought Amsterdam, Netherlands-based hotel booking portal EasyToBook in a deal valued at around $5 million to increase its revenue through online hotel bookings.
Latest News
A £28 million funding was given by the National Institute for Health Research or NIHR and its 50 partners to a health research initiative focused on the East Midlands.
Stockholm, Sweden-based mobile phone community Truecaller grabbed $18.8 million in a Series B financing round led by Sequoia Capital to help identify unknown phone callers and block spam calls.
London, UK-based startup ASAP54 picked up $3 million in a recent venture round to support the development and international expansion of its mobile fashion search and discovery app.
Dublin, Ireland-based media holding firm Communicorp snapped up eight stations from London, UK-based media and publishing holding group Global Radio in a deal valued at £35 million as the latter was forced by the Competition Commission to do so.
Datamolino, a Slovak startup processes invoices and receipts without the need for manual data entry, has received €500,000 for its seed financing round from Slovak Innovations and Technologies Fund, TechCrunch reported.
Teqcycle Solutions, a Munich-based firm that provides mobile devices trade-in and reuse solutions, has bagged an undisclosed investment from T-Venture Holding, a subsidiary of Deutsche Telekom.
A fintech incubator has just been rolled out by pan-European accelerator Startupbootcamp in London. The FinTech bootcamp is backed by big names that include Lloyds, Rabobank and MasterCard, TechCrunch reported.
Birdback, a London-based fintech startup, has obtained $2.4 million in its funding round led by Passion Capital and joined in by Paul Nikkel, Luke Johnson, Playfair Capital and #1seed, TechCrunch reported.
Yandex, a Russian internet group, announced on its website that it will be opening an office in Berlin. The new office is a sign that the Russian firm is ramping up its foreign ambitions, Reuters reported.
