The document provides an overview of recent developments in the venture capital industries of Russia and the USA. In Russia, 10 startups united to provide business grants, the Ministry of Communications will create a transportation management service, and Renaissance Insurance and MetaBeta will help startups monetize. Significant deals include Altair Capital investing $30M in technology and Blumberg Capital investing $8-10M in Solomoto. In the USA, Microsoft announced Azure Service Fabric, internet ad revenue reached a record high in 2014, and WhatsApp is rolling out voice calling to all platforms. Significant deals include a $145M investment and a $30M expansion into new cities. An overview of the on-demand valet company

1. Center of Mathematical Finance
25 April 2015
Weekly overview of the venture capital industry
Authors: Uvarov Leonid (USA Overview)
Batojargalov Bimba (Russia Overview)

2. Russia Weekly Overview
The creators of the reverse calls widget, CallbackHunter, launched a
campaign called #спасибопацаны, supported by a further 9 Russian
companies: JivoSite, LPGenerator, K-­50, Mokselle, amoSRM, Uptimus,
eLama, Sipuni.
10 Russian Startups united to give business “grants”
The Ministry of Communications will create a road
transportation management service
The service will be designed to combine the municipal, regional and federal
level of public transport by coordinating the work of transport operators.
Custom service will inform about changes public transport timetables.
Resaissance Insurance and MetaBeta will help startups to fully
monetize
Participation in the program is open to projects from all segments of the
economy. Priority is given for start-­ups focused on auto and tourist markets.
BlaBlaCar is the largest service of joint road trips in Europe
The BlaBlaCar company after the acquisition of the German startup
Carpooling.com and Hungarian service Autohop became the dominant player
in its market

3. The most significant deals in Russia
Date Investor Target company Sum Industry Goal
21 April 2015 Angels Altair Capital $30m
Technology,
education, fintech
To invest in Israel
ecosystem
21 April 2015
IIDF
Bortnikov Fund
2do2go $11,25m Posters, media
Expand the
product
production
17 April 2015 Angels Roster $0,25m Social network
Business
devlopment
16 April 2015 Maxfield Capital eMoov $2,3m
E-­commerce
Real Estate
Business
development
Recruitment
21 April 2015
Roman
Abramovich and
other music
performers
Music Messenger $30m Entertainment
Product
development

4. ü Solomoto raised about $8 – 10 millions from
Blumberg Capital Venture Fund by selling 25% of
shares in March 2015
ü Estimated value is about $ 30 – 40 mln
ü Estimated revenue is about 5 million rubles per
month
Business Model
SOLOMOTO – Project of the Week. Russia
• Solomoto is a marketing platform (SaaS) that
gives small and medium businesses the
power to unlock their digital marketing
potential
• The platform is incredibly user friendly and
does not require any tech knowledge
Investments
Sources: company web-­site, rbc.ru/technology_and_media/
Markets
10%
90%
CIS
Russia
Team
30 thousand of users overall
Founder, CEO
Pasha Romanovsky
Founded in April 2014

5. USA Weekly Overview
vMicrosoft Announces Azure Service Fabric
vInternet ad revenue reaches record high in 2014
vTask management app Trello now boasts 8M users
vWhatsApp rolling out voice calling to all platforms
vGoogle Launches Its Own Wireless Service
Sources: techcrunch.com, vator.tv, venturebeat.com

6. The most significant deals in USA
Target company Sum Investor Goal
$145M
Developing new
products;; Expanding
operations
$15M
Expanding course
catalog
$30M Expand into new cities
$3M
Product development
and engineering team
expansion
$50M
Expanding to new cities
inside the U.S.
Sources: techcrunch.com, vator.tv, venturebeat.com

7. Overview
ZIRX – Project of the Week. USA
Investments
Founded in April 2014
ZIRX, the leading on-­demand valet and car
services company
• Launched its on-­demand valet service in
San Francisco in June 2014
• Has grown revenue and users more than
600x since launch
Series A
$6.4M
09/2014
Series B
$30M
04/2015