New fund Viaduct Ventures aims to bridge Eastern European with Silicon Valley

In late July a Russian fund management team announced the launch of Viaduct Ventures Fund 1, “to bridge early-stage startups from Eastern Europe with Silicon Valley,” focusing on Fintech, Big Data and IoT projects.

The fund aims to raise $50 million, Viaduct Ventures Managing Partner Vadim Balashov told East-West Digital News. Its offices are located in Mountain View, California,

The fund has been backed by some of the investors in GVA LaunchGurus Fund 1, another fund managed by the same team, but Balashov declined to disclose their identity.