Accel

Tim Bradshaw

Investment continues to pour into the soaring Russian internet market, which recently overtook Germany as Europe’s largest by users.

The latest mega-deal sees Avito.ru, a Russian online classified site along the lines of Craigslist, raising $75m from local private equity firm Baring Vostok and global venture capitalists Accel Partners, alongside existing investors Kinnevik and Northzone. Read more >>

ResearchGate, a social network for scientists and academic researchers, has received a second round of venture funding from Founders Fund, adding to the growing cadre of health and science related social start-ups attracting the attention of Silicon Valley investors.

The Series B round builds on the company’s earlier financing from social networking VC gurus Benchmark and Accel in 2010. The company did not disclose the funding amounts for either round. Read more >>