Ward Howell, a Russian consultancy with a focus on executive search and recruitment services, is now supporting seed and rapid expansion stage HR and teambuilding technologies in Russia and beyond.This article was written by our syndication partners for Russia at East-West Digital News.
Ward Howell’s new corporate VC arm, Talent Equity Venture Fund (TEqV), will invest in technology start-ups valued at up to $5m and working on geographically scalable professional training and HR projects.
Under its current plans, TEqV expects to put up between $50,000 and $200,000 per company and operate in both B2B and B2C segments. In an exchange with the Russian business daily Vedomosti last week, Ward Howell’s senior partner Anton Derlyatka said that his company will support its venture arms both financially and in terms of expertise and networks.
TEqV is looking for pre-seed and seed stage projects with relatively long investment horizons in such areas as online recruitment, remote tutoring, and others. Over the longer term, the fund may consider backing companies at later stages of development.
The fund has already made its first investment, co-funding an as yet undisclosed project, Derlyatka said. Three more investments – two in Silicon Valley and one in Russia – are still in a term sheet phase.
This article was written by our syndication partners for Russia at East-West Digital News
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