Two venture capital firms have teamed to invest $60m Russia’s largest space technology investment fund, it was revealed this week. The fund, owned jointly by the state-owned Russian Venture Company (RVC) and the independent investment company Finematika, will focus on start-ups specialising in components and materials for use in spacecraft production. “The fund is directed at widening a bottleneck in Russia’s aerospace industry — a deficit of venture capital, which for projects in this sector is now practically nonexistent,” RVC’s investment program director Andrei Vvedensky said this week.
RVC teams up with Finematika to launch space technology investment fund
Source: The Moscow Times