Russia-based internet marketing company AltWeb Group has set up a venture arm Altweb Capital, which will focus on pre-seed and seed stage investments of up to $400,000.
The fund is seeking to invest, in particular, in software as a service (Saas) solutions, as well as in internet marketing and advertising services.
“We are also interested in startups in niche markets with a size not exceeding $2m or $3m, but which might have a strong potential profitability,” according to the fund’s manager, Nikolai Hirvin.
This article was written by our syndication partners for Russia at East-West Digital News.
To view EWDN’s recent 316 page report on the Russian ecommerce market click here.