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Runa Capital to Invest $50M in Russian High-Tech Startups

MOSCOW February 3, 2011 US$50 million

US$30 million

Edward Nicholson Russia

"In 2010 we successfully invested in two projects – the voice-enabled social network OnAir3G and cloud-based application development platform Hivext.com,"

$50 million

Runa Capital plans to announce another eight to ten transactions in 2011.

http://www.runacap.com

About Runa Capital:

Runa Capital is an early stage venture capital fund established to pursue opportunities in the rapidly growing areas of Cloud Computing, Internet and Mobile Applications. Runa Capital is run by a team of successful entrepreneurs, most of whom have worked together for over 15 years. It is a united team with broad geographical and cross-industry experience, as well as an extensive professional network. Runa Capital investment team members possess an excellent track record in tech investments.

Russia

SOURCE Runa Capital

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