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The winners are named at the Russian Venture Oscars

0 11 December 2013

Last week the first ever Russian Venture Awards were given out at an informal, entertaining ceremony put on by RusBase and Firrma, with support from PwC and the Russian Venture Company (RVC). The video above is RBK News' report on the event, with English translation.  

General Partner of the Year went to Alexander Galitsky, the founder of Almaz Capital Partners who was also recently named Entrepreneur of the Year by E&Y.
The prize for Venture Lady was awarded to Elena Alekseeva, who has been investment manager at Softline Venture Partners since 2010. Softline Venture Partners is the corporate venture fund of the Softline Group, a leading Russian software company, and its portfolio includes 10 software-related projects. 

Corporate Fund of the Year was awarded to Intel Capital. This year the global fund celebrated 10 years in Russia. During that time it has invested in 13 Russian companies, including Ozon, Parallels and Yandex. In 2011 it contributed to online shoe retailer’s $12 million Series B round and also to geo-located social network AlterGeo’s $10 million round. In 2012 it was involved in fashion retailer KupiVIP’s $38 million round, and also invested in Speaktoit, Mirantis and Eruditor ($4m). This year it was involved in another Eruditor investment round worth $12 million.

Maxfield Capital was named New Player of the Year. The $100 million fund, which is managed by former Skolkovo Director Alexander Turkot, is oriented towards early stage projects, which a particular interest in big data, new media, digital health, cloud computing and mobile. This year the fund added cloud application hosting platform Jelastic, JavaScript error monitoring system Qbaka, sponsorship management platform SponsorHub, international machinery marketplace Machinio and DialMyApp, a Russo-Israeli app generator to its portfolio.

iTech Capital’s investment in Pult Group was named Deal of the Year. The $120 million tech fund invested $10 million in PultGroup, which operates a range of services connected to online advertising, in July 2012. With iTech’s support, Pult Group’s net revenue has increased by 84% since that time, reaching $53.6 million. 
The launch of FRII (the Internet Initiatives Development Foundation) was chosen as Action of the Year. The project, which has been described as “Putin’s Skolkovo”, welcomed the first 30 projects to its offline incubator in October, while a further 50 are taking part in its parallel online incubation program.  
Venture Syndicate of the year went to Intel CapitalRuna Capital and Frontier Ventures for their $12 million investment in Eruditor Group. Eruditor is a market for freelancers that operates a range of sites for professionals. 
TMT Investments, a London-based fund managed by Russian investors won Exit of the Year for the sale of to-do-list app Astrid to Yahoo

There was also an award for non-IT funds, with Bright Capital named Non-IT Venture Fund of the Year. It is based in Moscow but has made investments in a broad range of breakthrough and disruptive technology companies from all over the world. In 2013 it funded Upstream Commerce, Pentalum Technologies and Aquion Energy. 

The members of the jury were -  

Igor Agamizyan - General Director of RVC

Alexander Lupachev - Director of Russia Partners

Evgeny Kuznetsov - Director of RVC’s Strategic Communications Department

Alexey Basov - Vice President of Rostelekom, business angel

Albina Nikkonen - Executive Director of the Russian Association of Venture Investors

Anton Abashkin - Director of PwC’s Russian Centre for Technology and Innovation. 

Anton Derlyatka - Managing Director of the Talent Equity Fund, a partner at Ward Howell

Vadim Asadov - Business Angel

Alexander Pankov - Director of BTB Capital Management. 

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