INNOVARE

Runa Capital and Phystech Ventures Funds will invest in winners of GoTech contest

INNOVARE partner GoTech contest seeks for international startups that will gain investments from Runa Capital and Phystech Ventures Funds. In order to take part in the contest and win the investments, you should send an application by 11 September!

The funds are mostly interested in IT projects from the following areas: big data & analytics, machine learning & intelligence, IoT and cyber-security, as well as in IT solutions for vertical markets (edutech, fintech, e-health) and cloud business solutions (Cloud B2B). The criteria for the participation are the focus on the global market and hardly replicable technological advantages.

The winners will be announced at GoToMarket Forum on 6th of October in Moscow and will receive investment proposals from Runa Capital and Phystech Ventures.

“GoTech is a contest with one of the most high-quality projects pipeline and a strong team of organizers. We are happy to support GoTech, and together with partners from Runa Capital, and to offer gifted developers one more opportunity to develop their business – nomination GoGlobal”, - Olga Maslikhova, managing partner of Phystech Ventures, commented on the contest.

“The investment focus of Phystech Ventures is placed on the developments that are difficult to be copied, with high potential of international growth. We are eager to help teams with an advanced technology and ambitions to become a global player with the help of our investments, expertise in markets of South-Eastern Asia, USA and Europe, and extensive international business relationships”.

GoTech is the largest contest in Russia and Eastern Europe since 2009. It gathers tech companies, experts, investors, media and corporations interested in innovations together. For the period of its existence it has been attended by more than 4,000 companies from 150 cities and 40 countries. More than 50 projects among finalists raised over $ 40M of investments.

Dmitry Chikhachev, the managing partner of Runa Capital fund, have shared his thoughts about GoGlobal nomination: 

"Our nomination category is one of the means to support talented technical teams and, potentially, give them the chance to come into the world. I am glad that we are supporting GoTech Contest which we know for long and value for their ability to find excellent teams - it is enough to recall, for example, the finalist of previous years - LinguaLeo, Dnevnik.ru, Jelastic, Rocketbank."

GoGlobal from Runa Capital and Phystech Ventures appeared as 11th nomination in the contest this year. Participants of GoTech will also have an opportunity to get into Intel and Google acceleration programs, launch joint go-to-market projects with ЕМС, Kaspersky Lab and leading Russian developer MORTON, raise grants and investments from Skolkovo, IIDF, iDealMachine, the Untitled Retail Lab funds and other more than 100 investors at GoToMarket Forum.

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Runa Capital – international venture fund with offices in Europe, USA and Russia guiding the next generation of tech startups to become leaders in the global market. Runa Capital has under management over $270 million capital. The fund mostly focuses on early and growth-stage tech companies in cloud for SMB's, complex software, edutech, fintech, public services, digital health etc. Now the fund’s portfolio includes more than 40 young ambitious companies from all over the world (such as NGINX, MariaDB, Zopa, Ecwid, LendingRobot etc). Runa management team unites successful entrepreneurs and experts with over 20 years of experience for the development of international tech companies (Acronis, Parallels) and investments.

Phystech Ventures - is an international early stage venture capital firm focused on investing in high-tech companies in IoT, edutech, connected platforms, cybersecurity, efficient energy use, oil & gas, and new materials across the US, South-East Asia and Central and Eastern Europe. Phystech Ventures currently has a portfolio of several technological companies including Dash Labs, Tortuga Logic, Raxel Telematics, AT Energy and Geosteering Technologies. Previous investments of the partners include ClassPass, RRT Global, Cibando (acquired by Zomato).

GoTech – a fund engaged in the search and the development of technologies. GoTech structure includes the biggest in Russia and Eastern Europe contest of technological companies, GoToMarket Forum, a platform for the examination and expertise of startups AdvisoryBoard, and acceleration programs implemented jointly with partners.

For additional info and questions about the application contact directly Ksenia Golubeva from GoTech Team:
+7 (911) 112 33 41 k.golubeva@gotech.vc | www.gotech.vc