Central regions | Transport, logistics | Finance, business

Private Russian airline to launch $50m VC fund

28 Sep '18
S7 Group, a major private Russian airline, is about to launch a $50m venture fund, East-West Digital News reported.

Since last year, the group has already invested some $10m in start-ups developing digital and industrial technologies, S7s VP for innovation Dmitry Chuiko said. These start-ups are from Germany, the U.S., India and China, with Russian accounting for just 12% of the portfolio.

The fund is likely to be registered abroad, since international investment deals would not be made easily using a Russian vehicle.

Scheduled for launch by the end of this year, the fund will pursue both financial profit and corporate innovation goals.
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