MR Ventures

History

2021: Creation of a fund for investing in startups that create technologies for real estate

On April 19, 2021, MR Group announced the creation of a venture fund for investing in startups developing technologies in the field of construction and real estate. The developer, who previously announced the allocation of 3.5 billion rubles for the digitalization of his projects, is investing about $50 million in his investment structure called MR Ventures.

The fund considers startups at several stages: sowing, startup and growth. The main target market is Russia and the CIS countries, however, the fund also plans to invest in European and American startups to attract new technologies to the Russian market. MR Ventures is also interested in projects specializing in process automation in construction and the creation of marketplaces and investment platforms, including using Big Data.

MR Group creates MR Ventures fund to invest in start-ups that create technology for real estate

Renata George, an American venture capital investor, has been appointed managing partner of MR Ventures. In particular, she previously participated in projects such as BankSimple (a mobile bank bought by the Spanish financial group Banco Bilbao Vizcaya Argentaria in 2014 for $117 million), Credit Karma (a platform for the development of personal finances, sold last year to American Intuit for $8 billion) and Canva.com (by April 2021, the company's market valuation is $15 billion). Prior to MR Ventures, Renata George worked as managing partner of a corporate venture fund in Singapore.

As a venture capital investor, I managed to try all types of investments - angel, traditional venture capital and corporate venture capital. For me personally, the most interesting was participation in the growth of large companies due to synergy with technology startups. With the help of MR Ventures, we will strengthen and strengthen the position of MR Group in Russia and related markets, "she said, commenting on her arrival at MR Ventures.[1]

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