October 26, 2015 at 21:54More than an investor: why did Abramovich invest in Altair Capital
RVC, with the assistance of the Ministry of Economic Development of Russia, has prepared the third annual open expert-analytical report “Russia: A Course on Innovations”. Against the background of a general decrease in the volume of the Russian venture investment industry due to the economic and geopolitical situation, a number of parameters indicate positive trends.
At the end of 2014, there was a positive trend in indicators such as the average transaction size, total number and total capitalization of venture funds operating in Russia. The average transaction size in the early stages increased by 69% compared to 2013. Also, the total volume of seed investments increased by 30% compared to 2013.
In addition, the number of "exits" of investors increased by 1.5 times compared to 2013. According to the results of 2014, 30 exits occurred, while in 2013 - 21 exits. Such indicators create a long-term motivation for market participants to make new investments, Firrma reports .
Romanhouse Abramovich’s Millhouse Fund will invest up to $ 10 million in Igor Ryabenky’s Altair Capital Russian venture fund , Vedomosti reports .
In total, in the new round, the fund should receive $ 20 million. The fund will be about $ 30 million. Thus, Abramovich’s investments will make up one third of the fund’s capital. Altair has already raised about 20% of the required amount.
Igor Ryabenky launched Altair Capital in 2014 to invest in early-stage IT startups. The fund invests in Russian and Israeli startups. At the sowing stage, the amount of Altair Capital investments is from $ 100 thousand to $ 300 thousand. Next-stage investments can range from $ 1 million to $ 3 million.
Roman Abramovich also makes investments in technology startups directly. To do this, he created three funds - Ervington Investments , Millhouse and Impulse VC . But then the question arises: why is it profitable for Abramovich to invest in Altair?
Ervington made his first investments in several British companies back in 2012-2013, but only recently Abramovich got a taste: in 2014-2015, his funds gave out money to several dozens of startups, Forbes writes .
There are few investment managers in Millhouse and Ervington, so it’s difficult for them to communicate with hundreds of entrepreneurs choosing the most promising projects, one of the publication’s interlocutors believes. Apparently, they quickly realized that it was more efficient to work through intermediaries - small seed funds and consultants who are involved in the initial selection of projects.
Intermediaries are Tiger Consulting GroupRustam Tiger, Altair Igor Ryabenky and several other funds. It turns out that Abramovich invested in Altair, as in his intermediary.
“Roman Arkadievich is a spectacular woman in a red dress for startupers: if you get her attention and establish at least some kind of relationship, you're lucky, everyone will notice you,” laughs one of the Israeli entrepreneurs.
At the end of 2014, there was a positive trend in indicators such as the average transaction size, total number and total capitalization of venture funds operating in Russia. The average transaction size in the early stages increased by 69% compared to 2013. Also, the total volume of seed investments increased by 30% compared to 2013.
In addition, the number of "exits" of investors increased by 1.5 times compared to 2013. According to the results of 2014, 30 exits occurred, while in 2013 - 21 exits. Such indicators create a long-term motivation for market participants to make new investments, Firrma reports .
Romanhouse Abramovich’s Millhouse Fund will invest up to $ 10 million in Igor Ryabenky’s Altair Capital Russian venture fund , Vedomosti reports .
In total, in the new round, the fund should receive $ 20 million. The fund will be about $ 30 million. Thus, Abramovich’s investments will make up one third of the fund’s capital. Altair has already raised about 20% of the required amount.
Igor Ryabenky launched Altair Capital in 2014 to invest in early-stage IT startups. The fund invests in Russian and Israeli startups. At the sowing stage, the amount of Altair Capital investments is from $ 100 thousand to $ 300 thousand. Next-stage investments can range from $ 1 million to $ 3 million.
Roman Abramovich also makes investments in technology startups directly. To do this, he created three funds - Ervington Investments , Millhouse and Impulse VC . But then the question arises: why is it profitable for Abramovich to invest in Altair?
Ervington made his first investments in several British companies back in 2012-2013, but only recently Abramovich got a taste: in 2014-2015, his funds gave out money to several dozens of startups, Forbes writes .
There are few investment managers in Millhouse and Ervington, so it’s difficult for them to communicate with hundreds of entrepreneurs choosing the most promising projects, one of the publication’s interlocutors believes. Apparently, they quickly realized that it was more efficient to work through intermediaries - small seed funds and consultants who are involved in the initial selection of projects.
Intermediaries are Tiger Consulting GroupRustam Tiger, Altair Igor Ryabenky and several other funds. It turns out that Abramovich invested in Altair, as in his intermediary.
“Roman Arkadievich is a spectacular woman in a red dress for startupers: if you get her attention and establish at least some kind of relationship, you're lucky, everyone will notice you,” laughs one of the Israeli entrepreneurs.