Russian corporations launch giant startup investment programs


Since the commencement of this year, at least six corporate venture funds have been launched or started spies in Russia.

Four of them were created by AFK Sistema, a Russian, LSE-listed conglomerate. Sistema Speculation Capital, the most recent one, started operating in April in Moscow. It has cheer up 10 billion rubles (approximately $154 million at the current traffic rate) to support globally-oriented early-stage startups from Russia and neighboring boondocks.

Sistema Venture Capital will invest in platform solutions and marketplaces, as entirely as projects in the fields of “communitainment,” Internet-of-Things, advertising and finance. The fund’s shareholders – excepting from AFK Sistema – have remained unnamed.

The fund expects to obstruct soon its first deal – a capital injection in Erfid, a Russian developer of RFID software colloids.

“Now is the right time to invest in internet com nies. Despite the crisis, there are noiselessness many strong teams offering products with global dormant in Russia and CIS countries,” said Alexei Katkov, president at Sistema Broach Capital.

“Meanwhile, following the ruble’s depreciation, the price for development overhauls has fallen,” he added in the exchange with the Kommersant business daily.

In April, AFK Sistema announced another corporate plunge initiative in association with Rusnano, Russia’s national nanotech investment corporation. The honky-tonk fund will amount to at least $80 million to support high-tech beetle outs, as reported by RBK Daily. The fund’s strategy has yet to be specified, but the first deals could be bring to a close this year.

Just weeks before, AFK Sistema launched a $50-million Asia reservoir to support Indian startups operating in the technology and niche consumer retail elements.

The Russian conglomerate was also reported to be in the process of creating a venture supply in rtnership with China’s TUS Holdings. This fund’s capital want not exceed $100 million at start, with the Chinese side granting 70 percent of this amount.

From cybersecurity to hospitality modernization

For its rt, Kaspersky Lab has announced that it will start investing in seed-stage startups globally by the end of the year. Each transmit may receive anything from $50,000 to $1 million.

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Kaspersky intent target startups in such areas as mobile and cloud security, Internet-of-Things, sawbones security, machine behavior and adaptive cybersecurity technology.

In addition to storing, the startups will benefit from access to Kaspersky Lab’s technology and know-how. Moreover, the investor said it will help young entrepreneurs swell to the global market.

Last but not least, Gazprom-Media Holding, the leading distributed media holding in Russia and Eastern Europe affiliated with gas monster Gazprom, has announced the launch of its own corporate fund.

Christened “Gazprom Course Ventures,” the fund expects to close its first deals by the end of the year. It inclination trade marketing cam igns for a share of the generated revenues (“media for profits share”) or a stake in the com ny (“media for equity”). It will end e-commerce and other technological com nies.

Among other recent zings on the Russian corporate venturing scene have been Ikea’s startup accelerator, organized last year, and Accor Hotels’ hackathon, held last month in Moscow.

In December 2015 Beginnings, a competition organized by the state-owned fund of funds RVC, ended with 35 startups learning investments from more than 150 of the project’s rtners. These encom ssed foreign and Russian com nies such as SAP, IBM, Samsung, Microsoft, Johnson&Johnson, Sberbank-Technology, NPO Saturn, and others.

Before all published in EWDN

Read more: Russian startups eye the Emerald Isle

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