Central regions | Finance, business | Technology & innovation

New fund to back U.S. start-ups as they enter Russian market

28 Apr '18
FortRoss Ventures, an international VC fund of Russian origin, has closed a $200m fund to support U.S. start-ups that are seeking ways into the Russian market, VentureBeat reported.

The fund will focus on fintech start-ups and also ones that develop solutions in the field of artificial intelligence, cyber security and e-commerce.

The venture capitalists will not only invest in start-ups but also offer consulting services to help international companies better adapt to Russian business and general culture and to the intricacies of Russias political and financial reality, the fund management believes.

FortRoss Ventures Partner Anurag Chandra thinks the potential for U.S. start-ups in Russia is incredible.

In November 2017, FortRoss Ventures pooled efforts with Sberbank, the national savings bank in Russia, and the government-owned Internet Initiatives Development Fund (IIDF, aka FRII) in their joint Global Pitch platform program aimed at helping Russian start-ups get a foothold in the global markets.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: fund (749) / fintech (1) / FortRoss Ventures (1) / U. S. start ups (0) /

Latest News: Central regions
23 May '18 | Retail, FMCG | Finance, business
21 May '18 | Finance, business | Technology & innovation
16 May '18 | Finance, business | Technology & innovation
14 May '18 | Transport, logistics | Technology & innovation
 

Feature stories

3 Apr '18
In regions most of European Russians will hardly ever...
21 Nov '17
Russian scientists have come up with what they say is...
7 Sep '17
Search (News archive - 21239)
Advertising
RB_Partners_Report
Advertising
gcvsymposium
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

23 May '18
A U.S.-based start-up of Russian origin, Scentbird,...
22 May '18
Severstal, one of Russias largest mining and...
21 May '18
Qapsula, a new Russian telemedicine service, is...

Most read stories from last week

22 May '18
Severstal, one of Russias largest mining and...
23 May '18
A U.S.-based start-up of Russian origin, Scentbird,...