GS Group, a Russia-based technology holding company, hast set up a corporate venturing unit.
GS Venture was spun off as a separate business unit within the holding company structure in 2014 to focus on enterprises in Technopolis GS, developed by the holding company in the town of Gusev, Kaliningrad.
Its first deals included investing €200,000 ($220,000) in the Share the Moment project by Finland-based startup Tellyo and Startup Bar in Kaliningrad.
Andrew Bezrukov, director for strategic marketing at GS Group, said: “GS Venture corporate venture fund has a clear investment focus on the field of telecommunications and microelectronics.”