Fort Ross Ventures launches $200 million fund to help U.S. startups expand to Russia

The relationship between Russia and the United States could also be fraught with rigidity, however one enterprise capital agency needs to assist startups bridge the divide.

Russia’s Fort Ross Ventures introduced it had closed a $200 million fund for U.S. startups which can be growing services within the areas of fintech, synthetic intelligence, cybersecurity, and ecommerce. The agency needs to supply cash in addition to advisory companies geared toward serving to startups perceive the tradition, politics, and monetary laws essential to function in Russia.

“Fort Ross brings together Silicon Valley venture expertise with an extensive network of relationships across Russia’s largest commercial organizations,” mentioned Fort Ross associate Victor Orlovski in an announcement. “We help startups navigate and thrive in this lucrative, tech-savvy market while establishing an invaluable foothold for global growth.”

The title “Fort Ross” refers to a city in Northern California that was initially settled by Russians.

Via a earlier $100 million fund, the Russian agency had invested in such startups as GridGain, Moven, eToro, Uber, and NetGuardians. With the U.S. wing of the agency and the brand new fund, the purpose is to dramatically develop these investments and people efforts.

To assist with that, the agency additionally introduced it had introduced on board Anurag Chandra, a enterprise capitalist who was beforehand with Lighthouse Capital Partners, NXT Ventures, and The Galleon Crossover Fund.

“I am excited to join the Fort Ross team as it continues to build bridges through investment between two of the world’s most technologically-savvy countries,” mentioned Chandra. “The potential for U.S. startups in Russia is incredible, and we look forward to helping even more U.S. companies address this market and unlock its potential.”

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