VTB Capital Asset Management JSC successfully completed a transaction for the sale of the Grid Dynamics project, which is in the venture Fund of the ZPIF (Closed unit investment fund) of long-term direct investments of VTB — Portfolio Investments. The fund with the size of more than three billion rubles was launched in 2008 with the involvement of the capital of VTB Group and JSC Russian Venture Company.
Based on the results of the GenerationS-2016 accelerator, more than 50 transactions have been concluded on behalf of RVC between technology entrepreneurs, corporations and investors. The graduates of GenerationS will conduct more than 30 pilot projects with accelerator partners to test business hypotheses and production processes.
Wangsu Science & Technology Co Ltd (brands — ChinaNetCenter and Quantil) and the resident of the IT cluster of the Skolkovo Foundation CDNvideo announced signing of a purchase agreement, according to which the Chinese Internet giant acquires a controlling stake in the leading CDN-provider in Russia and CIS, the leader in the segment of video content transmission on the Internet.