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I must say that Masha Drokova, PR Director of the Russian venture fund Runa Capital is by far the most relentless PR professional I came across in my work blogging about startups from Russia and Eastern Europe. I hear from her weekly, and she uses every opportunity to get the story out.
Today is another such day, obviously not without a good reason.
Runa Capital, which has previously been working hard on placing $75 million in seed and early stage startups, has just announced that it upped its fund to $135 million, and will be backing not only software companies but also Internet businesses.
As I deliberated in this post about B2B Center funding, the venture fund also expands its options when it comes to the maturity of the company. Having previously specialized in seed and early stage, it will now consider tech businesses on all stages of their development. It will invest between $100,000 and $1 million per investment, and up to $10 million per company.
Runa does not limit its geographical focus, although in the past it has backed a significant number of the Russian businesses. So far the fund has invested in ten projects: Nginx, TravelMenu, Ecwid, Metabar, B2B center, OnAir3G (all from Russia), Jelastic (Ukraine), ThinkGrid (UK), Capptain (France), BigTime Software (US) and StopTheHacker (US).
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