Russian corporations launch giant startup investment programs

Since the beginning of this year, at least six corporate venture funds have been launched or started operations in Russia. Four of them were created by AFK Sistema, a Russian, LSE-listed conglomerate. Sistema Venture Capital, the most recent  one, started operating last month in Moscow. It has raised 10 billion rubles (approximately $154 million at the current exchange rate) to support globally-oriented …

Russian corporations launch giant startup investment programs Read More