Tuesday, April 03, 2007

Cisco Creates Russian Investment Fund

Ray Le Maistre writes on Light Reading:

Cisco Systems Inc. has set up a "venture capital initiative" to invest in startups and local investment funds in Russia, and has already pumped some cash into a Russian e-commerce Website, the company announced Tuesday.

The vendor, which has already hired a Moscow-based investment manager, is looking for "direct investment opportunities into technology-related startups as well as investments into local venture capital teams targeting the technology industry."

More here.

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