The volume of investment funds with the participation of the capital of JSC “Russian Venture Company” (RVC) in 2018 increased by 40% — up to almost 50 billion rubles — in comparison with 2017. This was reported to TASS by the company’s press service on Monday.
At the end of 2018, RVC’s portfolio included 27 venture funds. Three of them were established in 2018: the NTI Foundation, which is focused on supporting projects of the National Technology Initiative, the Far Eastern High Technology Fund, aimed at developing technology companies in the east of the country, and the Da Vinci Pre-IPO Tech Fund, which focuses on the development of late stage projects.
The company notes that in 2018 the funds approved investments to 30 portfolio companies for a total amount of over 2 billion rubles, which is 40% more than in 2017.
In particular, Da Vinci Capital invested in the global taxi service Gett, Skolkovo Ventures Industrial Fund invested in IVideon cloud video surveillance solutions developer, and RBF Ventures Foundation invested in MULTIKUBIK and AgroDronGroup agricultural drone-making developer.
RVC JSC is one of the leading institutions for the development of Russia, stimulating the creation of Russia’s own venture investment industry and performing the functions of the Project Office of the National Technology Initiative.