“Nebius Group (formerly Yandex NV), registered in the Netherlands, has raised $700 million from investors, including Nvidia Corp. and Accel Partners LP.”, — write: epravda.com.ua
Nebius Group (formerly Yandex NV), registered in the Netherlands, has raised $700 million from investors, including Nvidia Corp. and Accel Partners LP. This is reported by The Bell. The funding came from “dozens of high-profile investors,” including chipmaker Nvidia, venture capital firm Accel and asset manager Orbis. Nebius returned to the Nasdaq exchange in October 2024 after almost three years of sanctions.Advertisement: After the sale of Russian assets, the company had about $2.2 billion at its disposal. Part of the funds was reserved for the buyback of shares, however, since the resumption of trading, Nebius shares have steadily traded higher than the buyout price and the offer turned out to be “irrelevant”, the newspaper writes. We will remind: Advertising: EU countries agreed to exclude the co-founder of the Russian Internet giant “Yandex” Arkady Volozh from the list of sanctions. After the purchase of the Russian business “Yandex” by a consortium of private investors and managers of the company, the Russian part of the business, which generated 95% of the revenues of “Yandex”, came under much greater control of the Kremlin. In July 2024, Yandex NV, registered in the Netherlands, completed the sale of its Russian business.
