New Russian VC Fund Invests in IT and Cleantech

Maxim Shekhovtsov and Alexander Zhurba, the founders of high-tech accelerator TexDrive, have announced the launch of the new Moscow-based venture capital fund Genezis Capital.

The fund was launched in late 2012 and seeks to invest $25,000 to $20 million in three-to-five seed stage companies per year.  Genezis has 30 limited partners, including private equity, corporates and high-net-worth investors, and is still open to new LP’s.  IT projects will comprise 70% of the fund’s investments, with other sectors including biotech, clean tech, energy saving, alternative energy and robotics.  It will seek investments in U.S., Europe, Asia and Russia.

To read the press release, click here

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