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Files under: Enterprise, News, Tech
Posted by: Quintura @ 19:24 [3. 02. 10]
The leading early-stage European venture capital firm, of Luxembourg has confirmed its association with the . The firm said in its latest quarterly : “We are proud to announce our association with the Renault F1 racing team. This association will undoubtedly lead to new business development opportunities and play a role in helping us create the best business relationship network in the industry.”
, Managing Partner at Mangrove Capital Partners, is also director at Genii Capital of Luxembourg. In December 2009, Genii agreed to acquire a majority stake in Renault F1 Team.
Renault F1 Team just signed Russian driver Vitaly Petrov, the first Russian to compete in Formula One. Today, Vitaly Petrov made for the team at winter car testing in Valencia. “This driver has the talent and we think that at some time that will help open up an interesting market. That’s someting that also appeals,” said Gerard Lopez about Vitaly Petrov to AP.
Mangrove Capital Managing Partner, , Forbes Midas List who’s speaking at Troika Russia forum in the Russian capital Moscow this week, from there that “Russia is the largest Internet market in Europe – how can you not want to invest in this great country?” and “Entrepreneurs in this country are hungry“.
“Russia has proven to be a fast growing and dynamic market for social networks and gaming characterized by high levels of users engagement and strong monetization history. Mangrove [is] being in love with Russia”, said , Principal at Mangrove Capital Partners who leads the firm’s investments in Russian market.
Mangrove Capital has invested in four Internet and technology ventures from Russia such as social games company Drimmi, online shopping club KupiVIP.ru, in-game advertising company Entermedia and visual search engine Quintura. The venture capital firm intends to make several investments per year in the country.
Drimmi just launched its social game. KupiVIP.ru raised $20 million, the largest Internet venture capital round in Russia. Entermedia owns one of the most compelling technologies for in-game advertising. Quintura was awarded its ; licenses its search technology to online information providers.
Tags: David Waroquier, Drimmi, EnterMedia, Genii Renault F1, Gerard Lopez, Gerard Lopez Genii, KupiVIP.ru, Mangrove Capital Partners, Mangrove Capital Russia, Mangrove Russia, Mark Tluszcz, partners Mangrove Capital, Quintura, russia, Troika Russia forum, Vitaly Petrov
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