Sistema SmartTech was established with the purpose of identifying promising market niches and supporting companies with a high growth potential at early stages. The fund focuses on investments in fast-growing startups primarily of Russian origin in order to upscale their business and subsequently exit through a sale to a strategic investor in 2-3 years.
The fund’s target size is expected to be RUB 5 bn, with up to RUB 1.5 bn investment from Sistema, which shall act as an anchor investor. The fund will draw down commitments gradually as it approves specific investment projects. Sistema SmartTech will have a total lifespan of eight years, with an investment period of five years and investments in each individual venture project ranging up to RUB 300 mn.
The fund's mission is to provide comprehensive (financial, structural, marketing) support to promising companies, addressing challenging tasks, and to encourage their growth using available industrial competences in the area of VC investment management and extensive contacts in various industries.
Along with equity investment Sistema SmartTech offers implementation of the best practices to enhance operational and financial processes as well as consulting on the product development, promotion and sales strategy for sturtups at launch and early stages to accelerate them.
The fund is managed by an experienced team of professionals with deep expertise in venture capital investments and a robust project pipeline.