Runa Capital gets rich by believing in small Russian IT companies

Russia Beyond the Headlines
“Investors have finally started to believe in Russian IT companies,” said head of Moscow-based investment company Runa Capital (valued at $135 million) Sergei Belousov at the 17th St. Petersburg International Economic Forum on Thursday.
“I think companies from Russia – like Kaspersky and Yandex – even exceed their respective analogues from Israel by the level of capitalization. Not many giants like that have come out of other aspiring IT markets,” explained Belousov.
However, Runa Capital and other global investors have done well targeting small Russian IT companies like Ecwid (a trade platform for social networks) as opposed to giants.
“One of the investors of our B2B-Center is US-based Inside Partners, which put also money into Twitter. They are interested in our technology,” said General Director Alexei Degtyarev.
Read more…