After NASDAQ-listed Yandex launched its Yandex.Factory start-up investment initiative in early 2011, the other major Russian online companies such as London-listed Mail.ru Group and ProfMedia-owned Rambler aimed to respond. The united company of Afisha and Rambler has launched its own start-up investment program called Rambler-Fund.
Rambler-Fund (Рамблер-Фонд) plans to invest up to $100,000 (3 million Russian Roubles) in online start-ups for a time period of between 6 months and 1 year. The start-up has to have a business plan and prototype.
Rambler-Fund will seek to invest in start-ups in online media, online shopping, personal communications, and online business solutions.
The Russian online start-ups will now have another funding source after ABRT Fund, Runa Capital and Russian Venture Company‘s seed fund.