Why the new Russian fund Buran VC II with a volume of $ 75 million invests abroad
Venture capital Buran Venture Capital ( Buran VC ) is raising a second fund. Its volume will be $ 75 million. The fund will invest in IT startups. In the first round, a new fund raised $ 16 million. The round led by O1 Group Boris Mints.
It is planned that the new fund Buran VC II will invest in 20-25 companies. The average investment is $ 1- $ 2 million. The fund will save the remaining money (about $ 25 million) for additional investments in the best projects, said Alexander Konoplyasty, managing partner of the fund. According to the organizers of the fund, it should survive for eight years: in the first four it will invest, in the next four it will leave the projects, explains the fund's managing partner Mikhail Salontai.
The first fund invested 80% of the funds in Russian companies. The second fund, by contrast, will invest 80% in projects from Europe, Turkey and Israel. Salontai gives two reasons for this decision: the markets of these countries are more - the level of projects is higher than the Russian one and there are not so many projects for investments in Russia.
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The first Buran VC fund has invested $ 35 million in 10 projects. About 70% of the money these companies received in the first round. After some time, the fund additionally invested the remaining 30% in the five most promising of them.
In the next round for Buran VC II, new investors will be invited - not only Russian, but also foreign companies. Of interest to Buran VC II are five areas of projects: e-commerce in the service sector, advertising technologies, automation of B2B processes, the Internet of things and mobile technologies, write Vedomosti.
Buran VC portfolio companies include a large online ticket office Ponominalu.ru , an online supermarket insurance CTP / CASCO “Compare” , ARM for Dashboard Systems board of directors.
Over the past six months, Buran VC has invested $ 8.5 million in Shazam music recognition mobile app and about $ 3.5 million in ivi.ru online video service. Investors are counting on a fivefold return on investment.
In April 2015, investors polled by Vedomosti noted the growing interest of Russian investors in the European start-up market, which in the first quarter of 2015 attracted 41% more money than in October-December 2014.
It is planned that the new fund Buran VC II will invest in 20-25 companies. The average investment is $ 1- $ 2 million. The fund will save the remaining money (about $ 25 million) for additional investments in the best projects, said Alexander Konoplyasty, managing partner of the fund. According to the organizers of the fund, it should survive for eight years: in the first four it will invest, in the next four it will leave the projects, explains the fund's managing partner Mikhail Salontai.
The first fund invested 80% of the funds in Russian companies. The second fund, by contrast, will invest 80% in projects from Europe, Turkey and Israel. Salontai gives two reasons for this decision: the markets of these countries are more - the level of projects is higher than the Russian one and there are not so many projects for investments in Russia.
')
The first Buran VC fund has invested $ 35 million in 10 projects. About 70% of the money these companies received in the first round. After some time, the fund additionally invested the remaining 30% in the five most promising of them.
In the next round for Buran VC II, new investors will be invited - not only Russian, but also foreign companies. Of interest to Buran VC II are five areas of projects: e-commerce in the service sector, advertising technologies, automation of B2B processes, the Internet of things and mobile technologies, write Vedomosti.
Buran VC portfolio companies include a large online ticket office Ponominalu.ru , an online supermarket insurance CTP / CASCO “Compare” , ARM for Dashboard Systems board of directors.
Over the past six months, Buran VC has invested $ 8.5 million in Shazam music recognition mobile app and about $ 3.5 million in ivi.ru online video service. Investors are counting on a fivefold return on investment.
In April 2015, investors polled by Vedomosti noted the growing interest of Russian investors in the European start-up market, which in the first quarter of 2015 attracted 41% more money than in October-December 2014.
Source: https://habr.com/ru/post/295178/
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