More than an investor: why Abramovich invested in Altair Capital
RVC, with the assistance of the Ministry of Economic Development of Russia, prepared the third annual open expert-analytical report “Russia: A Course for Innovation”. Against the background of a general decline in the volume of the Russian venture capital industry due to the economic and geopolitical situation, a number of parameters point to positive trends.
At the end of 2014, there was a positive trend in such indicators as the average transaction size, the total number and the total capitalization of venture funds operating in Russia. The average size of the transaction in the early stages increased by 69% compared with 2013. Also, the total volume of seed investments increased by 30% compared with 2013.
In addition, the number of "exits" of investors increased by 1.5 times compared with 2013. At the end of 2014, there were 30 exits, while in 2013 there were 21 exits. Such indicators create a long-term motivation of market participants to implement new investments, reports Firrma.
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Roman Abramovich’s Millhouse Foundation will invest up to $ 10 million in Altair Capital’s Russian venture capital fund Igor Ryabenky, Vedomosti reports .
In total in the new round the fund should receive $ 20 million. The volume of the fund will be about $ 30 million. Thus, Abramovich’s investments will make up one third of the fund’s capital. Altair has already raised about 20% of the required amount.
Igor Ryabenky launched Altair Capital in 2014 to invest in IT startups at an early stage of development. The fund invests in Russian and Israeli startups. At the sowing stage, the amount of Altair Capital investments ranges from $ 100 thousand to $ 300 thousand. Investments of the next stage can range from $ 1 million to $ 3 million.
Roman Abramovich also makes investments in technology start-ups directly. To this end, he created three funds - Ervington Investments , Millhouse and Impulse VC . But then the question arises: why is Abramovich profitable to invest in Altair?
Ervington made the first investments in several British companies back in 2012–2013, but only recently Abramovich got a taste: in 2014–2015, his funds distributed money to several dozen startups, Forbes reports .
Investment managers at Millhouse and Ervington are few, so it’s difficult for them to communicate with hundreds of entrepreneurs, choosing the most promising projects, one of the publication’s interlocutors believes. Apparently, they quickly realized that it is more efficient to work through intermediaries - small seed funds and consultants who are involved in the initial selection of projects.
The mediators are Tiger Consulting Group Rustam Tiger, Altair Igor Ryabenky and several other funds. It turns out that Abramovich invested in Altair, as in his intermediary.
“Roman Arkadyevich for startups is like a spectacular woman in a red dress: if you have achieved her attention and established at least some kind of relationship, you are lucky, everyone will notice you,” one of the Israeli entrepreneurs laughs.
At the end of 2014, there was a positive trend in such indicators as the average transaction size, the total number and the total capitalization of venture funds operating in Russia. The average size of the transaction in the early stages increased by 69% compared with 2013. Also, the total volume of seed investments increased by 30% compared with 2013.
In addition, the number of "exits" of investors increased by 1.5 times compared with 2013. At the end of 2014, there were 30 exits, while in 2013 there were 21 exits. Such indicators create a long-term motivation of market participants to implement new investments, reports Firrma.
')
Roman Abramovich’s Millhouse Foundation will invest up to $ 10 million in Altair Capital’s Russian venture capital fund Igor Ryabenky, Vedomosti reports .
In total in the new round the fund should receive $ 20 million. The volume of the fund will be about $ 30 million. Thus, Abramovich’s investments will make up one third of the fund’s capital. Altair has already raised about 20% of the required amount.
Igor Ryabenky launched Altair Capital in 2014 to invest in IT startups at an early stage of development. The fund invests in Russian and Israeli startups. At the sowing stage, the amount of Altair Capital investments ranges from $ 100 thousand to $ 300 thousand. Investments of the next stage can range from $ 1 million to $ 3 million.
Roman Abramovich also makes investments in technology start-ups directly. To this end, he created three funds - Ervington Investments , Millhouse and Impulse VC . But then the question arises: why is Abramovich profitable to invest in Altair?
Ervington made the first investments in several British companies back in 2012–2013, but only recently Abramovich got a taste: in 2014–2015, his funds distributed money to several dozen startups, Forbes reports .
Investment managers at Millhouse and Ervington are few, so it’s difficult for them to communicate with hundreds of entrepreneurs, choosing the most promising projects, one of the publication’s interlocutors believes. Apparently, they quickly realized that it is more efficient to work through intermediaries - small seed funds and consultants who are involved in the initial selection of projects.
The mediators are Tiger Consulting Group Rustam Tiger, Altair Igor Ryabenky and several other funds. It turns out that Abramovich invested in Altair, as in his intermediary.
“Roman Arkadyevich for startups is like a spectacular woman in a red dress: if you have achieved her attention and established at least some kind of relationship, you are lucky, everyone will notice you,” one of the Israeli entrepreneurs laughs.
Source: https://habr.com/ru/post/295728/
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