Russian fund IIDF teams up with billionaire Arkady Rotenberg to invest up to $50 million in edtech startups
The Russian textbook publishing house Prosveshchenie (‘Enlightenment’ in English) has agreed with the Internet Initiatives Development Fund (IIDF, or FRII in Russian) to jointly launch an accelerator for edtech startups. The publishing house — of which Russian billionnaire Arkady Rotenberg is chairman and a shareholder — intends to invest up to 3 billion rubles (approximately $48 million …