Alexey Pelevin, “Pravo.ru” and Anywayanyday founder, sells his shares in 25 startups created by his company Parcsis. The buyer is Bering Technologies Fund (BTF), which has begun investing in high-tech projects this year.
In exchange BTF will get 25% of startups’ shares, and the key employees of Parcsis will receive options, the total of which will equal 10% of the projects valuation.
Bering Technologies Fund was established in 2007 by a few Russian individual investors, Pelevin being one of them. At first the fund was just trading stocks of high-tech companies using its managing company Bering Capital Partners. But lately its priorities have changed: BTF got interested in venture investments.
Parcsis is known by such projects as “Pravo.ru”, Anywayanyday and recently launched Selloby, a website and mobile application for buying, selling, renting, job and personal postings.