Phystech Ventures launches new fund with state and private capital to invest in Russia and globally
RVC, Russia’s national fund of funds for innovation, and Phystech Ventures, are putting together a new fund, Phystech Ventures II
Jan 28, 2016
The new fund is expected to invest primarily in such areas as new materials, additive technologies, sensor tech, new sources of energy, energy efficiency, Big Data, IT for security, decentralized financial systems, and some others.
Phystech Ventures II aims to create a portfolio of up to 25 technology companies over the next five years. The fund will co-invest at the seed stage with venture funds and business angels, keeping a leading role in the majority of the transactions.
Initial funding rounds will be comprised of between 10 and 50 million rubles (approximately $130,000 and $650,000 at the current exchange rate). The fund is expected to take an active part in the development of its portfolio companies.
According to Petr Lukyanov, Managing Partner at Phystech Ventures, the new fund "will back talented and self-motivated entrepreneurs with global ambitions, assisting them as they build businesses in Russia, North America, Southeast Asia and other regions where [Phystech Ventures is already] present and [has] contacts and competencies."
Venture capital firm Phystech Ventures was launched in 2013. Operating in Russia, the USA and South-East Asia, the fund focuses on IoT, connected platforms, cyber security, educational technologies, energy technologies, new materials, sensors, oil and gas, seeking technologies that are hard to replicate. Phystech Ventures currently manages $50 million in assets, with a portfolio of 12 tech companies, including six Russian ones. Eleven (out of 17) Phystech Ventures investors are alumni of the Moscow Institute of Physics and Technology (MIPT), one of the country’s leading graduate science universities.
Phystech Ventures II aims to create a portfolio of up to 25 technology companies over the next five years. The fund will co-invest at the seed stage with venture funds and business angels, keeping a leading role in the majority of the transactions.
Initial funding rounds will be comprised of between 10 and 50 million rubles (approximately $130,000 and $650,000 at the current exchange rate). The fund is expected to take an active part in the development of its portfolio companies.
According to Petr Lukyanov, Managing Partner at Phystech Ventures, the new fund "will back talented and self-motivated entrepreneurs with global ambitions, assisting them as they build businesses in Russia, North America, Southeast Asia and other regions where [Phystech Ventures is already] present and [has] contacts and competencies."
Venture capital firm Phystech Ventures was launched in 2013. Operating in Russia, the USA and South-East Asia, the fund focuses on IoT, connected platforms, cyber security, educational technologies, energy technologies, new materials, sensors, oil and gas, seeking technologies that are hard to replicate. Phystech Ventures currently manages $50 million in assets, with a portfolio of 12 tech companies, including six Russian ones. Eleven (out of 17) Phystech Ventures investors are alumni of the Moscow Institute of Physics and Technology (MIPT), one of the country’s leading graduate science universities.