Yandex is out on venture search. The company launches an investment

Yandex is out on venture search. The company launches an investment “factory” for startups

Yandex launches “Yandex.Factory”, which will invest in both foreign and Russian startups in Internet, multimedia, navigation and other sectors. Yandex is ready to spend a few million dollars on promising projects, yet the average amount of financing will range from $50 to $150 thousand.