The Deal
Sunday, November 8, 
5:49 pm

Russian VC fund lines up $1.2B for local startups

  Share     E-Mail    Discussion    Print Story
Published November 9, 2007 at 4:12 PM


The Russian Venture Co., a government-backed fund, plans to invest 30 billion roubles ($1.25 billion)  in 10 to 12 new venture capital funds earmarked for startups in the country, says Sergei Ivanov, the Russian first deputy prime minister, in a statement on Friday.

Riding high on oil profits, Russia has been working overtime to develop its own venture capital and startup community since 2006, when it set up Russian Venture with R15 billion in capital to invest 80% in IT, biotech, nanotechnology and alternative energy companies. - George White 

See Nov. 9 press release from ITAR-Tass
See June story from The Deal newsweekly
See June story from The Deal newsweekly

Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.

More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

By Tom Kintis, CGK Investment Banking

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

By Howard Chao and Sean Tai, O'Melveny & Myers

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

By Douglas Landy and Jillian S. Ashley, Allen & Overy

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.