Saturday, November 25, 2017

Runa Capital to invest in IT start-ups in the Sverdlovsk region

Runa Capital is making plans to invest up to $5 million annually in each of the IT start-ups in the Sverdlovsk region.

According to Regional IT and Communications Minister Irina Bogdanovich, the main reason for the placing the annual investment is the region is that it offers positive conditions for IT development and a solid training facility, RBCnews.com reports.

The Sverdlovsk area is now home to many IT companies, including SKB Kontur and Naumen, along with many smaller IT start-ups.

"Their projects could be interesting to investment companies," Bogdanovich said in a statement to RBCnews.com.

Runa Capital is an early stage venture capital fund that was established to pursue the IT opportunities in the rapidly growing areas of cloud computing, internet and mobile applications, and virtualization.