On November 15, the Biofund's portfolio company of the RVC National BioService opened the NBS-YUG biobank on the basis of the Research Institute of Medical Primatology of the Ministry of Science and Higher Education of Russia.
Moscow, November 6, 2018 — PwC and RVC present the 7th annual review of the Russian venture capital industry, MoneyTree™: Venture Market Navigator” (“MoneyTree™: Russia") for 2017 and preliminary results for the first half of 2018.
On October 29 and 31, meetings of the working team and expert council at RVC on the preparation of the Strategy for the Development of the Venture and Direct Investment Market until 2030 were held in Moscow.
On October 16, at the Open Innovations Forum, RVC held a panel session on the topic: "Golden mean. The balance of state and private capital as a key factor in the development of the venture capital industry.”
Within the framework of the Open Innovations Forum, representatives of the Russian-Belarusian Venture Capital Fund RBF Ventures announced plans to invest new projects and to attract commercial co-investors to the capital of the fund.
Da Vinci Capital, a leading private equity fund in emerging markets, created with the participation of RVC capital, and the management team of Inventure Partners invested in Gett, a global transport network and leader in the corporate segment of the taxi market.
This is the second significant transaction of the fund: in 2016, RBV Capital, created with the participation of RVC and R-Farm, sold RetroSense Therapeutics to the same Allergan. Total income only due to the first payments on both transactions will exceed the size of all investments of the fund investors for today.
On August 28, the first meeting of the expert council at RVC to prepare the Strategy for the Development of the Venture and Direct Investment Market until 2030 was held in Moscow The meeting was attended by representatives of venture funds, corporations, large innovative and technology companies.
The working party has conducted the first meeting on preparation of the Strategy for development the market of venture and direct investments by 2030 in Moscow. The meeting was visited by representatives of leading development institutions, federal authorities and independent experts.
The RVC Management Board has approved the company's new investment strategy. RVC intends to expand its existing line of investment tools, introduce new standards for cooperation with funds and management companies, and create a comprehensive service platform for different venture capital market players.
RZhD JSC (Russian Railways) has signed an agreement on investing 300 million rubles in the industrial venture fund managed by Skolkovo-Venture Investments LLC. The document was signed by Andrey Starkov, Deputy General Director of RZhD JSC (Russian Railways), and Vasily Belov, CEO of Skolkovo-Venture Investments LLC.
On May 25, 2018 at the St. Petersburg International Economic Forum an agreement was signed to establish a Far Eastern Fund for Development and Introduction of High Technologies between RUSNANO, RVC and the Far East and Baikal Region Development Foundation.
During the selection phase the highest score was gained by the investment team Kama Flow. They are planning to sign legally binding documents with the managing partner before the end of May 2018 once due diligence is passed and corporate approvals are obtained.
The Moscow Seed Fund (Fund for assistance to development of venture investment in small science-and-technology enterprises of Moscow), established by the Moscow Department of Science, Industrial Policy and Entrepreneurship with the support of RVC, in cooperation with the business angel Mikhail Chuchkevich invested RUB 9 million in the iNVend project in March 2018.
The Russian-Belarusian Venture Investment Fund, which was established by RVC, RVC Infrafund and the Belarusian Innovation Fund, has invested RUB 25M in AgroDronGroup, an R&D company that develops agricultural drones.