MTS plans to invest up to 1 billion rubles in technology businesses in 2023 through its venture fund. He said so in a statement.

MTS Venture Fund will invest up to 1 billion rubles in technology startups in 2023

The company intends to invest in projects that will “strengthen ecosystem products and verticals.” The amount of investment in one project will be from $500,000 to $5 million, and it is planned to carry out 3-5 transactions in total.

The fund focuses on A+/B stage start-ups with rapid growth prospects and synergy with MTS business areas. Projects from Russia and the CIS countries are being considered.

Key industries for investment: retail, media, entertainment, cloud services, cybersecurity, tourism, internet of things and smart home. The investment decision will be made based on the size of the market and its growth rate, the protection of the product against competitors, the equipment and the terms of the transaction.

  • The MTS Corporate Venture Fund was established in 2019 on the basis of the MTS StartUp Hub Innovation and Investment Center. During its existence, the fund has invested in 8 technology companies.
  • In November 2022, the Rubbles startup, founded by former Yandex employees, received 200 million rubles, in August of the same year – the Belarusian startup LogicLike, and in April, 72 million rubles went to the food ordering service and Bartello drinks online.

Author:

anastasia mariana

Source: RB

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