Private Equity Russia

Successful entrepreneur and business leader Victoria Tigipko, the wife of Ukrainian Presidential Candidate and potential future Prime Minister Sergei Tigipko, has announced that she will be creating a venture capital and private equity fund to support innovative technology-driven companies and Internet startups in Ukraine and Eastern Europe.

In its first stage, the fund intends to raise $ 20 million, which it will invest in 25 projects.  10 of these projects will be early stage and will receive between $50,000 and $500,000.  The remaining 15 will be at a later stage of development and will receive from $500,000 to $2 million.

The priority for the new fund will be startups in B2C, consumer oriented sectors – the fund will not focus exclusively on Ukraine.  Victoria Tigipko, formerly Victoria Lopatetskaya, will be President of the fund.

[Via AIN]

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