First it was Bessemer Venture Partners and Cisco Systems signing on. Now Wermuth Asset Management says it signed a memorandum of understanding to become a venture partner of the Skolkovo Foundation. Under the agreement, Wermuth will consider investing in projects approved for financing by the Skolkovo Foundation, the non-profit foundation established by the Russian government [...]
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The Skolkovo Foundation and Bessemer Venture Partners have signed a memoranum of understanding. Bessemer has set a target of $20 million that it will invest in Skolkovo resident companies over the next two years. Skolkovo aims to bridge the gap between seed rounds and A rounds for high-tech companies coming from Russia. PRESS RELEASE The [...]