This article was published on January 31, 2014

All the tech news you need to know from Eastern Europe this January

All the tech news you need to know from Eastern Europe this January
Andrii Degeler
Story by

Andrii Degeler

Andrii is the Head of Media at TNW, with over a decade of experience in covering the European tech ecosystem. Talk to him about new and exci Andrii is the Head of Media at TNW, with over a decade of experience in covering the European tech ecosystem. Talk to him about new and exciting developments in tech, especially those involving vastly underreported industry niches and geographies.

The past month has brought many interesting stories from all across Eastern Europe. If you think I have missed something, or would like to draw my attention to an important story, feel free to ping me in Twitter (@shlema) or by e-mail at [email protected]. drama

In the Eastern part of Eastern Europe — I mean, in Russia, — the main tech topic of January was definitely its most popular social network Vkontakte, known abroad as Founded in 2006, VK today is one of the top 10 social networks in the world, but what’s happening in its top management is similar to struggles of those younger startups, founders and investors of which didn’t agree on what they want from the venture.

At the end of January, local media learned that VK’s CEO Pavel Durov had sold his 12 percent share in the social network to Ivan Tavrin, who is affiliated with another VK stakeholder, Russian billionaire Alisher Usmanov. The deal puts Usmanov in indirect control of 52 percent of the company, while the other 48 percent is owned by United Capital Partners, which acquired the stake in April 2013.

In his post in VK, the “mutinous CEO” Pavel Durov said that he will remain in charge of the social network he’s created, but Russian media have already reported that allegedly Durov will leave VK within a month. The news comes after the social network lost two top managers, brothers Igor and Ilya Perekopskiy, who used to be VK’s financial director and a vice president respectively.


The most likely place to go for Durov, as Russian journalists see it, is his “pet project” instant messenger Telegram. Founded independently from Vkontakte in the US, Telegram is based on a protocol developed by Durov’s brother Nikolay and is claimed to be faster and more secure that most alternatives. According to statistics provided by Pavel Durov to, Telegram has recently reached 1 million unique daily users, while its user base grows by 100,000 per day.

In other news

Investments and acquisitions

  • Russian tech entrepreneur Yuri Milner took part in a $1.2 million funding round for First Opinion, a service that lets users text a doctor any time and get a quick advice.
  • Ukrainian-American startup Keen has raised $1.6 million and is about to open an R&D office in Kiev.
  • Bulgarian seed fund LauncHub has announced its investment in nine teams from South Eastern Europe: Appticles, GameMatch, Greenpie,, WP Toolbox, Equafy, Mediately, IQ Friends, and BGMenu.
  • Estonian Java productivity tools maker ZeroTurnaround has raised a $2.7 million funding round.
  • Ukrainian venture fund TA Venture’s portfolio company Little Eye Labs has been sold to Facebook for $15 million.
  • Russian-founded startup HipFlat has raised a $335,000 round to launch a real estate search engine in Thailand.
  • Czech travel booking startup Skypicker has raised $500,000 in funding and acquired a competitor, WhichAirline.
  • Polish cloud accounting startup has attracted $1 million in funding from its existing investor PointNine Capital as well as RTA Ventures and a business angel Thomas Modzelewski.
  • Ukrainian startup Shoppyy, which offers a mobile app to navigate in shopping malls, has landed a $100,000 funding round.
  • Estonian cloud startup Cloutex has closed a $600,000 funding round.
  • Latvian Cobook, developer of a Mac app for contact management, has been acquired by US-based FullContact.
  • Ukrainian big data startup DataWiz has attracted $100,000 in funding from Russian fund Altair Capital.
  • Ukrainian startup Advice Wallet, the product of which is a mobile app-based loyalty program for shops and entertainment venues, has landed a $2 million series A funding round.
  • Polish SMM startup Socializer has been acquired by Dentsu Aegis Network.
  • France’s carpooling website BlaBlaCar has launched in Russia and Ukraine by acquisition of the similar local service Podorozhniki in a deal allegedly worth $1–3 million.
  • Russian venture fund Runa Capital has invested $2 million in a German web hosting startup
  • Russian Internet company Yandex has signed a multi-million deal with MultiShip in order to create a logistics service aggregator.
  • Rocket Internet-backed Russian online fashion retailer Lamoda has secured $13.7 million in fundingfrom IFC, a member of the World Bank Group.
  • Canadian SMM platform HootSuite has purchased Romanian startup UberVU for $15 to $20 million.

Don’t miss: How the Kiev disturbances are affecting Ukraine’s tech sector – for better and worse

Image credit: Shutterstock

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