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Yekaterinburg Regional Venture Fund Makes First Investments

Files under: News
Posted by: Quintura @ 11:49 [8. 09. 09]

Sverdlovsk Venture Fund, an Yekaterinburg regional venture fund, has invested $1.1 million (40 million Rubles) in RTs Online, a local developer and provider of online billing for municipal services including utility, telecoms and others.

The fund recently invested $1.0 million (30 million Rubles) in Laser ITC, an Yekaterinburg-based developer and provider of free space optics (FSO) telecom solutions.

Founded in 2007, Sverdlovsk Venture Fund has equity capital of $9.0 million (280 million Rubles), half from the regional state budget and half from private investors.

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