Central regions | Finance, business

‘Counter-crisis’ venture fund for ailing start-ups launched in Russia

17 Sep '14
Dmitry Filatov, co-founder of dating service Topface, has launched a new venture fund targeting “Internet companies with problems”.

The fund, named Restart Capital, aims to buy into companies facing financial difficulties and turn them around through restructuring and an effective marketing strategy, Rusbase.com reported.

Restart Capital will principally target social networks, mobile services (but not those that rely on advertising for their main revenue stream), traffic generators, aggregators, virtual currencies and fintech projects.

In order to secure funding from Restart, start-ups must be capable of earning at least $25,000 in the next six months. The fund’s website also states that it only invests in projects that have already launched their product.
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