The founder of the startup studio TheQube.VC Anton Pronin and the closed mutual fund Intellect Capital launched the Malina VC venture fund with a volume of one billion rubles to invest in Russian projects in the field of fintech, markets and related services. The co-founder and managing partner of the fund, Anton Pronin, spoke about the launch of RB.RU.
The planned volume of investments in one project will be 20 to 35 million rubles; The fund will receive up to 10% of the capital of each project in exchange for investments. The formal launch of Malina VC took place on December 11.
“The new fund acts as a smart investor, so it will focus not only on financing portfolio companies, but also on helping to establish partnerships, industry expertise and intellectual property expertise,” Pronin said. “We see a growing demand for institutional venture capital.”
Priority will be given to teams that already have first sales or stable income and a sustainable business model.
According to the managing partner, Malina VC also interacts with other funds and in 2024 plans to include several LPs (Limited Partners) in the fund.
Currently, the fund has selected six investment projects and is scheduled to conclude three transactions by the end of 2023.
Author:
Anastasia Marina
Source: RB
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