Maxfield Capital acquires minority stake in Parallels
Last week Maxfield Capital, a Moscow-based $100 million venture fund, announced it had acquired a minority stake in Parallels in exchange for a capital injection of “more than $5 million”
May 07, 2014
A global provider of cloud enabling and desktop virtualization solutions founded by a Russian team in 1999, Parallels has "attractive IPO or M&A [perspectives]," the fund believes.
Earlier this month Parallels secured an investment of an undisclosed amount from global technology distributor Ingram Micro. Another shareholder of Parallels is Cisco, which also invested in the company in early 2013 to support joint go-to-market activities.
The Maxfield Capital fund was created in May 2013 by former Skolkovo top executive Alexander Turkot to invest in IT and early-stage Internet projects. It is backed by Russian oligarch and Skolkovo President Viktor Vekselberg, among other LPs. In September last year the fund invested approximately $1 million in Jelastic, a Russian-American startup developing a hosting platform for Java application developers. In October, it invested in Qbaka, a startup developing a solution to track JavaScript errors on web services.
Earlier this month Parallels secured an investment of an undisclosed amount from global technology distributor Ingram Micro. Another shareholder of Parallels is Cisco, which also invested in the company in early 2013 to support joint go-to-market activities.
The Maxfield Capital fund was created in May 2013 by former Skolkovo top executive Alexander Turkot to invest in IT and early-stage Internet projects. It is backed by Russian oligarch and Skolkovo President Viktor Vekselberg, among other LPs. In September last year the fund invested approximately $1 million in Jelastic, a Russian-American startup developing a hosting platform for Java application developers. In October, it invested in Qbaka, a startup developing a solution to track JavaScript errors on web services.