Government fund of funds
Development institute of the Russian Federation

Press about RVC

The volume of Russian Venture Company’s investment funds for 2018 increases by 40%

04.02.2019
Source: TASS

At the end of 2018, RVC’s portfolio included 27 venture funds

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.

“The total amount of funds with the participation of RVC capital increased by 40% compared with 2017 — from 35.1 billion rubles to 48.8 billion rubles. Of these, the share of RVC was 26.6 billion rubles. Investments in portfolio companies in 2018 amounted to 2 billion rubles, the total volume of transactions on the outputs for the year was 1.7 billion rubles, the statement says.

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.

“In 2018, RVC redesigned the entire investment management system, from interaction with funds and management companies to a line of investment products and internal control and decision-making processes. In 2019, RVC will continue to expand its own portfolio of funds and offer new services for the venture community, the words of Alexei Basov, Deputy Director General, RVC Investment Director, are cited in the statement.

About RVC

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.




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