ProCEEd #26 > Naspers buys Avito.ru, Rex Global takes control of Yota Devices, Pioneers Ventures makes first investment

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The last week saw a bunch of significant funding and M&A news stories. Those include Russia’s Yota Devices and Avito.ru being acquired by Rex Global and Naspers, respectively. The latter deal valued Avito, one of the leading local online classifieds platform, at $2.7 billion. Among other funding news is the first investment by Pioneers Ventures: an undisclosed amount went to the Slovak-based startup Cloudo.

As for today’s podcast, this time it’s going to be just me talking about CEE startup scene – and I’m trying to make an important point about “startup attribution.” Check it out:

Just to remind you, it’s possible to listen to the podcast on Soundcloud, on iTunes, or on the newsletter’s website.

Enjoy the reading and listening, and have a great week!


Hong Kong investment company Rex Global has acquired a 64.9 percent stake in Russia’s Yota Devices in a $100 million deal

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Naspers has acquired a controlling stake in Avito.ru for $1.2 billion, valuing the company at $2.7 billion and making it one of Europe’s largest startup exits

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Featured image credit: Miroslav Petrasko

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