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Runa Capital Sets Aside USD 50 Million to Back Cloud Computing and IT Companies

by kiril on February 7, 2011

in Business, Cloud Computing, Computing, Invest, IT, SaaS, Security, Storage, Technology, Venture Capital

Runa Capital Sets Aside USD 50 Million to Back Cloud Computing and IT Companies Moscow-based venture capital company Runa Capital decided to increase its funding program to USD 50 million aimed at backing technology and Cloud Computing companies in Russia and abroad. The goal of the venture capital fund is to invest in early-stage Russian IT companies and growing number of investors share the company’s vision that Russia’s technology market has huge potential, the company said in a press release. Competing on a global level is often a problem for Russian IT companies although the government in Moscow announced a

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