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I cheer for rare successful tech exits in Russia and CEE, because I hope that the money will be reinvested in the local technology startups, helping globalize eastern European tech entrepreneurship. Yet, the local tech scene is perhaps too small for the investors such as Leonid Boguslavsky of Ru-Net, whose fund has over $700 million under management. Half of the fund is expected to be invested outside of Russia.
To do that Boguslavsky launched a $100 million venture capital fund in the New York, called RTP Ventures, which is managed by Kirill Sheynkman, a former investor at Greycroft Partners and a co-founder of Plumtree Software, sold to Oracle. Kirill Sheynkman explains in his blog, what technologies RTP Ventures will be looking for.
” Our focus will be early-stage, Series A software and internet companies that have technology and innovation at their core. B2B, SaaS, cloud, big data, analytics, infrastructure, enterprise — these, in my opinion, are markets underserved by the current swarm of consumer internet investors. And these are exactly the investments that we are going to do.”
It has already invested in Tinfoil Security, which is developing its alpha version of website vulnerability testing service, and Kodingen, the cloud-based IDE (Eastern European startups in this space include CodeAnywhere and NeptunIDE).
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