East-West Digital News 18 June 2012
Dmitry Grishin, the CEO of Mail.ru Group, the LSE-listed Russian Internet group, announced on Friday the launch of a New York City-based investment fund dedicated to robotics startups.
The fund, named Grishin Robotics, intends to inject $25 million into 10 to 20 early stage or middle-size companies developing robots in the fields of home maintenance, education, healthcare, entertainment, and transportation.
Grishin is the sole investor in the fund. “He will personally considers each prospective opportunity, supported by a team of professionals,” according to the fund’s corporate website.