Illustrating once again the invest-abroad trend among Russian tech investors, Altair Capital, the fund of Russian serial business angel Igor Ryabenkiy, has invested in New York-based Rukkus. Launched in 2013, this startup offers “the easiest way on mobile to find and buy the perfect concert, sports, or theater ticket.”
The amount of the transaction has not been disclosed, but Altair said its investment took the form of a convertible loan, as reported by Russian tech blog Firrma.ru.
Over the past few years, Ryabenkiy’s Altair has backed more than 70 Russian and foreign startups at the pre-seed or seed stages, bringing them anything between $100,000 and $200,000 and thus becoming the most active seed-stage investor, by far, in Russia.
Recently Altair launched a new investment vehicle, targeting mainly international startups with higher investment amounts.
