Russian millionaire Ziyavudin Magomedov created a venture company of up to $ 300 million and invested in Uber
Ziyavudin Magomedov, the head of the board of directors of the Summa group, created the venture capital company Caspian VC Partners (CVC). This is a personal project of Magomedov, emphasizes the representative of the company. William Shore, who previously headed the Summa Venture Capital Office, became Managing Director of CVC.
“The average size of our investment in projects will be in the range of $ 1–5 million,” said CVC. At the initial stage, the total CVC amount will be $ 150 million. However, in the future, the founders plan to increase it to $ 300 million. Who besides Magomedov invested in assets and allocated funds, the company does not disclose.
CVC has already invested in Uber , Uber China, Peek Travel , Diamond Foundry and Hyperloop Technologies , the report says. These five companies are a source of good income, especially Uber China, which operates in the fast-growing Chinese market, says a representative of the Summa group, Yevgeny Timoshinov. In addition, Uber is working on a similar service for trucks, which could be potentially useful in Summa’s business, he adds. The amount of investment and the shares received in the projects Timoshinov does not disclose, as well as the expected return on investment, calling it “typical for the venture capital industry”, transfer “Vedomosti”.
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CVC is interested in such areas as transport, agriculture, industry, consumer sector, as well as robotics. One of the company's objectives will be to attract new technologies to Russia, Kommersant reports . By acquiring stakes in start-ups, the investment company intends to give Russian entrepreneurs access to new developments, the fund said.
In 2013, with the assistance of Mr. Magomedov and his charitable foundation “Peri” , the business incubator “Peri Innovations” was opened. Now it is managed by the Summa group. Summa owns assets in port logistics, engineering, construction, agriculture, telecommunications and the oil and gas sectors.
In 2015, Forbes estimated Magomedov’s fortune at $ 800 million, putting him at 116th place in the ranking of Russia's richest businessmen.
“The average size of our investment in projects will be in the range of $ 1–5 million,” said CVC. At the initial stage, the total CVC amount will be $ 150 million. However, in the future, the founders plan to increase it to $ 300 million. Who besides Magomedov invested in assets and allocated funds, the company does not disclose.
CVC has already invested in Uber , Uber China, Peek Travel , Diamond Foundry and Hyperloop Technologies , the report says. These five companies are a source of good income, especially Uber China, which operates in the fast-growing Chinese market, says a representative of the Summa group, Yevgeny Timoshinov. In addition, Uber is working on a similar service for trucks, which could be potentially useful in Summa’s business, he adds. The amount of investment and the shares received in the projects Timoshinov does not disclose, as well as the expected return on investment, calling it “typical for the venture capital industry”, transfer “Vedomosti”.
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CVC is interested in such areas as transport, agriculture, industry, consumer sector, as well as robotics. One of the company's objectives will be to attract new technologies to Russia, Kommersant reports . By acquiring stakes in start-ups, the investment company intends to give Russian entrepreneurs access to new developments, the fund said.
In 2013, with the assistance of Mr. Magomedov and his charitable foundation “Peri” , the business incubator “Peri Innovations” was opened. Now it is managed by the Summa group. Summa owns assets in port logistics, engineering, construction, agriculture, telecommunications and the oil and gas sectors.
In 2015, Forbes estimated Magomedov’s fortune at $ 800 million, putting him at 116th place in the ranking of Russia's richest businessmen.
Source: https://habr.com/ru/post/294338/
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