Online guide to the Russian tech market
Home News Zoran Trevisan

Genezis Technology Capital attracts $500k investment

0 7 August 2014

Radiator manufacturer SystemHeat, part of the portfolio of the Genezis Technology Capital fund, has drawn $500k in funding from a group of investors.

The company will use the investments to develop new serial production methods and to start selling radiators for heating systems. As well as the funding, SystemHeat will also be joined by a new team, headed by entrepreneur Chinarbek Otunchiev, who has real experience in the sector.

About Genezis Technology Capital
Genezis Technology Capital is a private investment fund, founded by Maxim Shekhovtsov at the end of 2012. The fund aims to invest in a vast range of tech companies, including IT and mobile services, infrastructure and energy saving companies. Their total volume of investment so far has been up to $10 million.


More on the topic

comments powered by Disqus
via social network

Linked in