Are You a Mobile App Startup ? Head to Russia for funding

By Vallabh Rao|9th Dec 2011
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Raising funds for your startup in a volatile economy can be quite a task. While investors are looking at emerging markets as promising bets there another trend causing flow of capital in the reverse direction. Startups in the US, Europe and Asia are looking at emerging economies like Russia to raise funding. We all know of the Digital Sky Technologies (DST) group in Russia which in May 2009 invested $200 million in Facebook. DST has also invested in Zynga and Groupon. If you are a mobile app startup then head to Russian investors for funding says this Telegraph article.

In October this year Rusnano, a Russian Federation fund that backs nanotechnology ventures, contributed $50 million to a total pool of $94.5 million for two start-ups in the US that are using nanomedicine - the medical application of molecular-scale particles - to develop cutting-edge drugs. Back in April Yandex.Factory an investment program for startups was launched by Yandex, a leading internet company in Russia.

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