In yet another illustration of the globalization of the venture market, Ruvento, a investment company managed by a Russian team, has announced the creation of a new vehicle to invest in hardware projects in the USA and Asia.
The $25 million new fund will be managed by Vyacheslav (Slava) Solonitsyn and Alex Toh, who are respectively Managing Partner and General Partner at Ruvento. In most cases, it will invest from $100,000 to $500,000, and up to $2 million in follow-on investments.
Headquartered in Singapore — which it calls “the smartest city in the world” — Ruvento combines venture funds with a business incubator. While investing in China, India and Indonesia, the company also operates in Russia and other republics of the former Soviet Union, where it helps local startups expand to Asian markets.
Ruvento focuses essentially on IoT, artificial intelligence, industrial robotics, VR/AR, and space. The firm believes there is a lot of untapped potential around IOT and sensor integrations. The firm also keep its eyes on creative startups in the field of virtual reality and augmented reality, notes TechCrunch.
Ruvento is backed by an undisclosed family office.
Sources: Firrma.ru, TechCrunch
