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


The last week saw a bunch of significant funding and M&A news stories. Those include Russia’s Yota Devices and 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


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


Startup news

VC news

Bigger companies

Governments and law

Long reads

Featured image credit: Miroslav Petrasko

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