Fort Ross Late Stage Fund

History

2021: Raising $100 million

The Fort Ross Late Stage Fund raised $100 million, which was announced on November 17, 2021. In total, it is planned to raise $200 million for the first fund of late stages of Fort Ross Ventures.

This success confirms the correctness of our strategy and confirms that our experience, expertise and international ties, uniting corporations with the best technical and managerial talent, can be as useful for more mature companies as for startups in the early stages, "said the founder and general partner of Fort Ross Ventures Victor Orlovsky.

Victor Orlovsky

According to him , the Fort Ross Late Stage Fund will continue. The founder does not disclose the names of investors in the fund, adding that these are individuals and family offices.

Earlier it was reported that funds from the fund will be sent to the Series D + rounds of American, European, Asian technology startups with the potential to conduct an IPO or strategic sales for two to three years .

On November 17, 2021, Fort Ross Ventures reported that with the help of a late-stage fund it is also expanding geography and plans to invest in European projects in the field  of financial and cloud technologies, artificial intelligence, machine learning, cybersecurity, EdTech, FoodTech, as well as services for automating the business processes of companies.

The launch of the new fund coincided with the recognition of Fort Ross Ventures as the best venture capital investor according to the National Venture Investor 2020 Award. This is the most prestigious prize in the venture capital and direct investment market in Russia. It was established in 2014 by the Russian Venture Investment Association and is awarded to leaders of the Russian venture investment industry. According to  Victor Orlovsky, founder and managing partner of Fort Ross Ventures, the company "won  the Oscar  of the Russian venture capital market."^[1]

2020: Launch of fund for investment in developed startups

In early November 2002, the management company Fort Ross Ventures announced the launch of the Fort Ross Late Stage Fund, which will invest in developed startups.

According to Victor Orlovsky, founder and managing partner of Fort Ross Ventures, the Fort Ross Late Stage Fund portfolio will be formed from 20-30 technology companies. The volume of the fund will be up to $200 million.

Fort Ross Ventures launches Fort Ross Late Stage Fund to invest in developed startups

Under the new fund, investments are planned in American, European and Asian technology companies, which are leaders in their niches, with the potential to enter the exchange or carry out strategic sales on the horizon of 2-3 years. The greatest attention will be paid to startups working in such areas as financial and cloud technologies, services for automating business processes of companies, artificial intelligence and machine learning, cybersecurity, educational services and foodtech solutions.

In connection with the launch of the new project, Denis Efremov joined the Fort Ross Ventures team as principal, who previously held the position of investment director at the management company of private equity funds Da Vinci Capital, where he worked on investments in projects in the field of financial technologies, corporate technology solutions and marketplaces, participated in the structuring of funds totaling more than $200 million. At Fort Ross Ventures, Efremov will, among other things, be involved in forming a group of projects for the new fund and structuring transactions. He will also actively participate in the work of Fort Ross Ventures.

To achieve even better results, we will continue to form the strongest team in the market in the Russian Federation, the USA and Israel. We are pleased that Denis joined the Fort Ross Ventures team. I am sure that his experience will help the fund achieve new victories, "commented Orlovsky.