Yesterday Pulsar Venture Capital, an early-stage investment fund from Kazan, Russia, announced the opening of a representative office in Dublin.
Pulsar sees Ireland as “one of the best international platforms for scaling business in Europe” through “the engagement of top technological companies and international investors,” said Pulsar’s CEO Pavel Korolev.
The Dublin representative office will also work on technology transfers, particularly in the field of agro biotechnologies, new materials and electronics.
Pulsar continues to support the startup accelerator which it launched earlier this year in partnership with government agency Enterprise Ireland and Dublin-based early-stage investor NDRC.
Through this accelerator, six companies from Russia have already received investments and gone through trainings in innovative centers in Dublin, Moscow, Kazan and Innopolis.
These six companies are A.A.C.Polymers, Agelon, Albiotech, GetAcoder, R-Visioneer and TRY.FIT, Ivan Dobryshev of the find’s press service told East-West Digital News. Agelon is going to open an office in Dublin, while the other companies are in negotiations with Irish funds.
Pulsar’s move illustrates the globalization of Russian venture capital, a phenomenon which began some five years ago. Thus Almaz Capital, Runa Capital and Ru-Net, among others, have opened offices in Silicon Valley, Altair and Flint Capital have become extremely active in Israel, while Life.Sreda and Spinup Ventures have localized the better part of their business in Singapore. Going further than Pulsar, some of these funds now present themselves as global fund with no reference to Russia.
Ireland has been a rarer destination for Russian VCs so far, even though Dublin has become home to a plethora of Russian technology companies, start-ups, programmers and developers.
