Consumer and retail focused private equity fund management company Quadro Capital Partners (QCP) and FOREX CLUB founders Vyacheslav Taran and Oleg Reps have launched the FXC-QCP VC venture capital fund.
The fund will focuses on investing in the area of online financial services and adjacent fields. The priority target sectors include payment systems, asset management, banking, financial and business services (including B2B2C), business simulators & business games, business education.
QCP-FXC VC will aim at seeds and also early-stage as well as actively growing projects in Russia and CIS, countries of the Eastern Europe, EU, and Israeli globally oriented applications.
With US$50m targeted fund volume FXC-QCP VC intends to build a diverse portfolio which will include 10 high potential companies considering up to US$5 million for each one.
The launch is planned for the the first half of 2014.