i-Free launches its own venture fund In Russia i-Free Ventures

i-Free launches its own venture fund In Russia i-Free Venturesi-Free have decided to start investing in promising startups through the newly formed i-Free Ventures. The fund will focus on mobile, tablet and TV applications; digital media; mobile and browser games; e-commerce and Internet services.

i-Free Ventures will be investing in a range of companies: from those with proven business models (early growth stage) to early-stage companies without a monetization plan (seed stage).

The amount of each investment will range from $20K to $600K.

The fund has already invested in 3 projects. The names of the projects as well as the amount of investments are not disclosed.