Last week, Russian Internet marketing company ALTWeb Group announced the creation of its venture arm ALTWeb Capital, which will focus on pre-seed and seed stage investments of up to $400,000.
The fund is seeking to invest, in particular, in SaaS solutions, as well as in Internet marketing and advertising services.
“We are also interested in startups in niche markets with a size not exceeding $2 or $3 million, but which might have a strong potential profitability,” says the fund’s manager Nikolai Hirvin.
ALTWeb Capital did not answer EWDN’s requests for additional information.
Topics:
E-marketing & Adtech, Finance, Internet, News, Venture / Private equity
