Last week Moscow-based venture fund Titanium Investments announced that it has raised an additional $50 million to continue investing in Israel, Russia and other countries, with a focus on software-as-a-service, Internet of Things, virtual-reality and augmented-reality companies.
“We see Titanium as a partner in addition to being an investor. We try to be really concerned in business processes,” stated the fund’s CEO Alexander Ayvazov.
Titanium claims that its portfolio companies are currently valued collectively at some $350 million. The fund holds stakes from 3 to 17% in each company, and takes part in each funding round of performing portfolio companies, from seed to exit, as reported by TechCrunch.
Over the past two years East-West Digital News reported about the fund’s investments in Drippler, an Israeli startup in which the fund co-invested last year, MUV Interactive, another Israeli startup, and Russian startup Wakie.
Another portfolio company, Moment.me, was acquired by Wix in 2015.
