Large Russian Venture Fund Looks Elsewhere for Investments
Runa Capital, a venture firm founded by entrepreneurs with strong Moscow ties, is raising a second venture fund that will haul in between $200 million and $300 million, Yuliya Chernova reports in VentureWire
Jul 14, 2014
The fund, though, plans to invest the the majority of the new fund outside of Russia, according to founder and Senior Partner Serguei Beloussov. He said part of the reason is that Russia has a very limited customer base for companies that sell information technology services, especially enterprise software.
Runa instead will focus on companies that are global, including ones where the software development is done in Russia, but the business is located elsewhere, Mr. Beloussov said.
Runa instead will focus on companies that are global, including ones where the software development is done in Russia, but the business is located elsewhere, Mr. Beloussov said.