Center of Mathematical Finance

25 April 2015

Weekly overview of the venture capital industry

Authors: Uvarov Leonid (USA Overview) Batojargalov Bimba (Russia Overview)

Russia Weekly Overview

The creators of the reverse calls widget, CallbackHunter, launched acampaign called #спасибопацаны, supported by a further 9 Russiancompanies: 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 federallevel 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 theeconomy. Priority is given for start-­ups focused on auto and tourist markets.

BlaBlaCar is the largest service of joint road trips in EuropeThe BlaBlaCar company after the acquisition of the German startupCarpooling.com and Hungarian service Autohop became the dominant playerin its market

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-­commerceReal Estate

Business developmentRecruitment

21 April 2015

Roman Abramovich and other music performers

Music Messenger $30m Entertainment Product development

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

USA Weekly Overview

vMicrosoft Announces Azure Service Fabric

vInternet ad revenue reaches record high in 2014

vTask management app Trello now boasts 8M users

vWhatsApp rolling out voice calling to all platforms

vGoogle Launches Its Own Wireless Service

Sources: techcrunch.com, vator.tv, venturebeat.com

The most significant deals in USA

Target company Sum Investor Goal

$145MDeveloping new

products;; Expanding operations

$15M Expanding course catalog

$30M Expand into new cities

$3MProduct development and engineering team

expansion

$50M Expanding to new cities inside the U.S.

Sources: techcrunch.com, vator.tv, venturebeat.com

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 than600x since launch

Series A $6.4M 09/2014

Series B $30M 04/2015