Sberbank of Russia has created a $100m venture capital fund that will invest in high-tech companies and projects.
The fund, which will be managed by Troika Ventures (the venture arm of Troika Dialog), will focus on growth stage start-ups from Russia and abroad dedicated to the development of new information and communication technologies for financial institutions.
Through the new vehicle, Sberbank aims to increase the volume of investments to $500mln along with the fund’s international partners.
Troika Dialog is a subsidiary company of Sberbank of Russia, and one of the leading investment companies operating in the CIS.
FinSMEs
06/02/2012