Softline Venture Partners Fund opens the hunting season for startups

Softline Venture Partners Fund opens the hunting season for startupsSoftline Venture Partners fund announced that it got additional 30 M RUR for joint investment because it won the competition of the Moscow fund for venture investment development. In addition, in the midst of the fund is running the contest DEVGENERATION'12, which gathered more than 70 applications.

At the end of the summer and autumn of 2012, our Foundation has prepared an extensive investment program - Elena Alekseeva says, the head of the fund - first of all, we are going to significantly expand our portfolio of Internet services, mobile applications and IT-projects in b2b . Second, we are actively working with partners of Softline Company thinking of new ways of co-investment. And thirdly, we have launched a competition DEVGENERATION'12 with a prize pool of $100K. We are looking for people full of energy and confidence, with innovative projects.

The Foundation is preparing to invest 3-8 M RUR in each project of 5 or 7 startups. A request Form can be found at Fund’s website - filing an application for investment, the applicant may also take part in DEVGENERATION'12 competition. No additional questionnaires and forms are required.

The annual competition Dev Generation gives novice software developers of internet services and mobile applications a chance to compete for a prize fund of $100K. The competition is held in partnership with Ingria Technopark, HSE business incubator, Startobaza and ActiveCloud projects. is a media partner of the contest.