A new Russian private equity fund ALTWeb Capital, created on October 9, has started accepting applications. The fund is founded on the basis of ALTWeb Group that offers comprehensive services of internet marketing. This new player of the venture capital investments market will be headed by Nikolay Hivrin.
The main activity of the fund is the search and realization of ambitious projects in the Internet marketing and e-commerce. The Fund is primarily interested in new SaaS-solutions that open new local and global markets. The Fund's portfolio already has some companies: a system of automated websites promotion MegaIndex, a service of advertising on social networks SocialTask, the rating of SEO-companies ktoprodvinul.ru, and a shop of tiles at-plitka.ru.
The fund invests in projects at Pre-Seed and Seed stages in the amount of $10K and up to $400K. The fund is also interested in buying shares in various profitable projects that ensure stable profitability.
In contrast to a number of funds, ALTWeb Capital considers projects aimed at very small markets with high potential which size is from $2M.
The strategy of ALTWeb Capital is the synergistic expansion of its existing portfolio through projects working on related markets.