Softline Venture Partners, a corporate VC fund of the Softline group of Russian companies, has invested $500,000 in Educate Online, a domestic online platform that helps automate the selection of and admission to international private schools.
Sarex, a resident of the Skolkovo Foundation that uses aerial photography to improve telecoms services, was awarded the highest number of points of any startup at the culmination of the first MTS StartUp Hub, an accelerator programme organised by the Russian mobile network giant.
Russia’s Internet Initiatives Development Fund (IIDF, aka FRII in Russian) is investing $265,000 in InSize, a Russian company that has developed and is offering a special industrial scanner that enables the measuring of the key parameters of goods (height, length, width, weight, etc.) of any shape, Firrma.ru reported.
Rusbase, an independent website devoted to technology, business and investment, published a list on Tuesday of the top five most interesting biotech startups in Russia, and all are residents of the Skolkovo Foundation.