Vibranium Venture Capital, a new $10 million venture fund for fast-growing IT startups that plan to enter foreign markets, was launched in Russia.

Investors will focus on projects at the seed, post-seed, pre-round-A stages with sales in the local market and sales revenue of over 1 million rubles per month.

According to VC.ru, developers of e-commerce services based on advanced technologies will be able to apply for support.

Entrepreneurs Zamir Shukhov and Kirill Timofeev created a fund for a period of eight years with an investment period of four years. They plan to close 20 deals in two years. The first of the deals will take place this year. The amount of investment for one project will be $200 thousand.

Connect with

Zamir Shukhov, Managing Partner of Vibranium.VC

Original (in Russian)