Investor Quintura brought to Russia $ 100 million.

The American venture fund OpenView and its Russian counterpart, the ABRT fund, are launching a joint investment program, Partnership for Russia. Funds intend to invest in the best companies of the IT sector - in software developers, Internet projects. In particular, they are interested in innovations in the field of corporate and user software (Installed & SaaS), Internet and mobile services and software. The program is aimed at companies attracting investments of up to $ 10 million. The combined capital of the alliance for the program exceeds $ 100 million.

The geography of companies able to receive funds under the Partnership for Russia is not limited to Russia alone. The program extends to businesses in Eastern and Central Europe. To date, the total investment made by OpenView and ABRT experts in domestic software companies exceeds $ 30 million.

The number of portfolio fund companies includes, for example, Aelita Software (sold in 2004 to Qwest Software Corporation for $ 115 million), Acronis, a search startup Quintura . According to the press release of the alliance, investors are primarily interested in fast-growing IT projects and software companies that would like to expand their presence in the US and European markets.
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“If you are an entrepreneur with a young, fast-growing software company based in Russia, we will be happy to talk with you,” says Andrei Baronov, one of the founders of ABRT. If you want to learn more about how Ratmir and I (Ratmir Timashev, the second founder of ABRT Foundation - approx.) Created Aelita Software and sold it using OpenView for $ 115 million, call us or send an email. ” “Together with OpenView, we want to become the strongest and most successful alliance investing in IT companies in the region,” said Ratmir Timashev, in turn.