Russian venture fund Prostor Capital sums up 2 years of work and announces new strategic plan: to create Prostor Capital II.
Prostor Capital was founded in 2011 by a group of private investors. Fund is oriented towards investing in fast growing companies that work in various high potential IT segments. The total market value of the Fund is $ 20 million.
There are 9 companies in Prostor Capitals profile.
Some of transactions were implemented within the framework of the syndicated alliances with leading players in the venture market in Russia; among them are Runa Capital, EDventure holdings (fund Ester Dyson), Fast Lane Ventures. Total value of the profile increases by about 35% each year and some of the sompanies demonstrate 100% growth each year.
In 2013, Prostor Capital was on a list of the best venture funds of Russia. Its the youngest company on the list.
Tilll the end of 2013 prostor Capital wants to invest in 5-7 companies in targeted segments. The range of investments — from $ 1 to $ 10 million in each company. In case if an amount of invetments needed will be more than $1,5 million, then the transaction will be carried out in partnership with other market participants.
The planned size of the portfolio until the end of 2013 — about 15 companies.
At the beginning of 2014 Prostor Capital I team is going to create Prostor Capital II. In addition to the current investors, there are potential investors of the new fund — 8-10 Russian and international partners. The planned volume of Prostor Capital II — $ 60 million.