New 150M Euro Fund To Be Launched In Finland?
Tattletech has a story on a new 150 million euro fund to be launched in Finland during Q2 of 2011. According to the article, there are three individuals behind the initiative - 2 telco pioneers and a Finn working in the European Investment Bank. I got in touch with the people behind the article and they confirmed this, working in PR, but were unable to give out anymore information just yet.
Runa Capital: A $30M Early-Stage Fund From Russia
Such extensive venture funds are not commonplace in Russia. Created in August this year, Runa Capital positions itself as a qualitatively different player in the market. The fund's aim is to help talented Russian techies launch globally competitive products. The fund operates through an own incubator (Runapark) and looks for start-ups in the fields of cloud computing, mobile and Internet apps, machine learning and virtualization. Mihail Yshakov, junior partner, commented that priority will be given to projects with strong technological base to ensure they are hard to copy and while the main target group is Russian start-ups, they would be also be looking for cases in CIS and Sillicon Valley. Runa Capital is also planning to attract investors from USA and Europe to co-fund projects and share the expertise. Fund's founders and main investors add extra value for the projects since they include experienced and well-connected entrepreneurs like Serguei Beloussov (Chairman and CEO of Parallels) and Alexander Galitsky (founder Almaz Capital)
Conor Closes 46.5M€ Early Stage Tech Fund
Early stage companies and entrepreneurs should celebrate, just as the whole startup ecosystem in the Nordics and Baltics - Conor Venture Partners has closed a very nice amount of investments for its early stage technology fund, Conor Technology Fund II. The new fund will invest in technology centric early stage companies from the Nordics and Baltics.
