Search Results for: rvc

Russian and Japanese partners aim to launch medtech fund and tech center

September 11, 2019

RVC, the Russian state-owned fund of funds dedicated to innovation, is teaming up with Japanese corporation Mizuho to create a investment fund dedicated to medical technologies. The news was reported Thursday by news agency TASS, based on an exchange with RVC’s general manager Alexander Povalko at the Eastern Economic Forum in Vladivostok.  Povalko added that …

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Russian home cinema startup raises $2.9 million to continue its international success story

September 5, 2019

In late August Multibutik announced it secured 190 million rubles (approximately $2.9 million at the current exchange rate) from the Far East High-Technology Fund. The news was reported by the Russian business daily RBC, which cited exchanges with company representatives. The term of the deal have not been disclosed. Also known as Cinemood, this Moscow-based startup has developed …

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Skolkovo Ventures to invest $3 million in Industry 4.0 startup

October 8, 2019

BFG Group, a major provider of software solutions to optimize production processes, sill receive $3 million in total from the Skolkovo Industrial Fund. Of this amount, BFG has already received $750,000 as the first part of the investment. The remaining amount will be provided based on specific terms which have not been disclosed.   This …

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Maximum Education secures $6.2 million from major Russian funds

August 7, 2019

In late July Skolkovo Digital, a tech investment fund managed by Skolkovo Ventures and iTech Capital, led a $6.2 million Series B round in Maximum Education.  The company’s existing investors, Russia Partners and Capman, also participated in the funding deal. They had injected $4 million in Maximum Education in an earlier round, back in 2016. A resident of …

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Russian state to put more than $100 million in edtech fund

June 14, 2019

The Russian Ministry of Economic Development and RVC, the Russian state fund-of-funds dedicated to innovation, have inked an agreement to create a new venture fund dedicated to IT innovation in the field of education. The fund will target projects using the latest word of IT technologies on the global market. The parties are committed to provide …

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Russian startup Botkin.AI attracts $1.5 million to better diagnose cancer at early stages

December 25, 2020

Skolkovo resident Intellogic has attracted 100 million rubles (more than $1.5 million at the current exchange rate) in a Series A round for its Botkin.AI startup that diagnoses cancer. At present, this technology can diagnose lung cancer at early stages with an accuracy of 95%, Forbes reported. Part of the funding came from two Russian funds: RBC Capital, which …

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Russian state fund to launch startup accelerators in Bahrain

May 19, 2019

RVC, the Russian state fund-of-funds dedicated to innovation, has announced a partnership with Alkeri Partners, a venture capital and private equity firm from the Kingdom of Bahrain, to create a series of GenerationS corporate accelerators for Russian and international startups in Bahrain.  Run by RVC, GenerationS is a Russian state-backed acceleration platform that connects startups with corporations. …

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Phystech Ventures and North Energy Venture launch $40 million fund to support AI, robotics projects

March 21, 2022

In late April, Russian venture capital firms Phystech Ventures and North Energy Ventures announced the creation of a joint $40 million fund. Dubbed ‘TF II,’ the fund will focus on mature projects in the fields of artificial intelligence, machine learning and robotics projects, VC.ru reported. Among the 24 investors in the fund are large banks, …

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Russian state institutions join forces to create new energy venture fund

May 7, 2019

In an attempt to lower Russia’s reliance on foreign technology in the oil industry, four state-controlled institutions have teamed up to  launch a new venture fund called ‘New Industry Ventures.’  These institutions are Gazprom Neft, one of Russia’s leading oil companies, Gazprombank, a financial arm of the state-controlled energy giant, RVC, the state fund of …

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MTS launches corporate fund to invest $15 million in startups

April 18, 2019

MTS, one of Russia’s main mobile operators, has launched a corporate venture fund targeting startups across Russia and neighboring countries. The fund expects to invest around 1 billion rubles (approximately $15 million at the current exchange rate) in early-stage startups over the next two years. Last year the corporation launched an in-house accelerator, MTS StartUp Hub, …

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Former minister and investor Mikhail Abyzov detained in criminal case in Moscow

April 2, 2019

Former Open Government minister Mikhail Abyzov was detained yesterday in Moscow. A figure of the Russian electricity market, Abyzov was also involved in the venture business in the early 2010s. He is now accused of having embezzled and hidden abroad 4 billion rubles (around $62 million). According to the investigation, Abyzov and his accomplices stole …

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This accelerator aims to introduce Russian tech startups to French and global markets

March 5, 2019

One of the rare international acceleration programs locally available to Russian startups, Winno Moscow is preparing its fourth season this year, selecting some 10 projects among 200 applicants. After a four-month acceleration process, the selected startups will benefit from a one-week business trip in Paris, including a visit to Vivatech, France’s largest tech event, in May …

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