The main focus of fund — technology startups with the Russian roots and with perspective of an exit to global markets. Also the fund will invest in the companies which are already financed by the western venture funds and interested in entry into the Russian market.
Volume of fund: 100 million dollars. Investors of fund — VTB Capital and RUSNANO enclosed $50 million, in 2012-2013 is going to capitalize fund for $100 million with involvement of the international and Russian investors.
The fund is created for 10 years: the first five it will look for projects and to invest, and then to receive return from these investments.
The typical amount of investments of fund — $5-10 million for the project.
History
2008
DFJ VTB Aurora is the venture investment company created in May, 2008 by the American Draper Fisher Jurvetson and VTB bank. Considers and selects business projects in such innovation industries as digital media, Internet services, the software, biotechnologies and alternative energy types. The group of funds is created within the partnership agreement between VTB and DFJ which was signed in September, 2007. In new fund VTB became the minority investor from shares no more than 30%. The term of life of fund will be about 10 years. The capital of fund had to be not less than 100 million dollars, and the investment volume into one project – about 20 million dollars.
The fund invests in projects at an early stage, mainly to a commercialization stage, with a possibility of further participation of RUSNANO at later stages. It creates synergy effect and allows to cover a wide line of projects from Research and Development before mass production.
2012
DFJ VTB Capital Aurora as a part of consortium of investors invested $30 million in development of the American developer of new type of information media of the developer of new types of memory Avalanche Technology (АТ), Kommersant told the source familiar with the transaction course and the representative of VTB Capital confirmed. Already invested funds in AT Sequoia Capital Bessemer Venture Partners Vulcan Capital, Thomvest Ventures and Qualcomm Ventures. Before AT attracted $11.5 million. The means received from DFJ VTB Capital Aurora will be aimed at the further development and start of production of a new class of carriers of memory. The share of DFJ VTB Capital Aurora in the project and its overall assessment do not reveal.
A DFJ network partner in Russia
DFJ VTB Capital Aurora provides smart money to teams of extraordinary entrepreneurs across the world and becomes their partner in building global success stories. We invest in ideas and technologies that change the face of their industry and the World around us. We combine our ability to offer strategic guidance for business operations with giving access to the vast Russian/CIS hi-profile network of VTB Capital.
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