The Infrastructure Fund of the Russian Venture Company (Infrafond RVC) To Leave the Portfolio Company Pulsar Ecosystem (Pulsar Venture Capital). This was reported to Rusbase in the press service of the Infrafond RVC.
A 12.5% stake in Infrafund was sold to Pulsar VC management. Financial terms of the transaction were not disclosed.
As Mikhail Fedotov, director of RVC subsidiaries, noted, the exit from the project was timely, and the party was satisfied with its conditions. He also stated that Infrafond’s financial investments in the project showed a positive return.
Pulsar Ecosystem was established in the Republic of Tatarstan in 2012. The company works in the field of consulting and event organization. Now Pulsar VC is positioning itself as a business accelerator and venture capital fund.
Since 2014, he has been carrying out acceleration programs to scale Russian start-ups to international markets.
Reportedly, the Infrafond and the Investment and Venture Fund of the Republic of Tatarstan (IVF RT) have invested several tens of millions of rubles in the company. The primary investment period was in 2012–13.
Earlier this year, Tatneft and Pulsar VC launched an accelerator for chemical and biotech start-ups.
Author: Anna Borodkina.