East-West Digital News 29 Mar 2012
The Russian venture capital scene, which counted at most two dozen active funds just two years ago, is continuing its impressive growth. Its newest player, an early stage venture fund named Frontier Ventures, has just been announced by its founder, the Russian entrepreneur and investor Dmitry Alimov.
The fund’s target value of $50 million has already been committed “for the most part,” Alimov said in an exchange with East-West Digital News, contributed by Alimov himself along with some “other successful entrepreneurs” whom Alimov declined to name. “There is still space for new investors,” Alimov added.
Frontier Ventures is looking to invest in such hot segments as online travel, online financial services, online education, online media and advertising, e-commerce and mobile applications, and more.