Russian Venture Company and Phystech Ventures to Set Up Fund for New Materials Investments

Russian Venture Company (RVC) and Phystech Ventures will set up Phystech Ventures II fund with the target capital of 2 bln rubles ($26.3 mln), RVC said on Monday.

The portfolio of the new fund is planned to comprise 15-25 technology companies.

The fund will focus on projects in the sphere of new materials, additive technologies, sensors, new energy sources, energy efficiency, big data, security information technologies and decentralized financial systems.

The fund will operate for ten years, with the investment period of five years. It will proactively take part in development of portfolio companies, helping them with first clients, patent portfolios, key staff and launch on international markets, RVC said.

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