Moscow, Russia-based 12BF Global Ventures launched a digital investment initiative.
12BF Digital will focus on investing in technologies related to power electronics, digital IT and commercial devices.
It aims to invest in seed and Series A rounds in companies in the United States, Russia and South Korea, which are hosted in incubator programs such as Y Combinator, Stanford’s StartX, Moscow University and Skolkovo.
Established in 2005, I2BF Global Ventures is a global (clean and nano) technology focused venture capital firm. Since the first investment in 2006, the firm has completed 24 transactions, and manages four venture capital vehicles.