A fund with RVC capital invested $15 mln in Sugar media company

Later stage venture fund Institutional Venture Partners XIII (IVP XIII) invested $15 mln in the rapidly growing media company Sugar jointly with Sequoia Capital. Russian Venture Company participates in the deal through its international fund Russian Venture Capital II LP (Great Britain), which joined IVP XIII venture fund in September 2010. Investments of Russian Venture Capital II LP in IVPXIII equaled $10 mln.