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The problem is that for every foreign company that invests — from Exxon on the Russian Arctic Shelf to Cisco Systems in a high-technology park going up outside Moscow — far more Russian entrepreneurs head for the exits, gauging the risks too great.
Battery currently manages $4B in committed capital, including its current $750M fund, and invests from offices in Boston, Silicon Valley and Israel.
The fund itself doesn't have a dedicated kitty, it instead invests from Samsung's $150 million U.S. Next Fund, which was announced last year and is focused on early-stage companies in emerging tech verticals.
The company did not disclose the size of the round, but Vector Capital currently manages over $2 billion in equity capital and typically invests from $100 million to $300 million in each of its portfolio companies.
The firm was founded in 2006 by Alan Patricof, Ian Sigalow and Dana Settle, and it now invests from a fund for seed and Series A deals (this is its fifth early-stage fund) and a separate fund focused on growth investments.
Jobs in manufacturing or agricultural production have often been assumed to be roles for men, particularly in more patriarchal cultures, but in reality, women fill these roles across the geographies where Acumen invests, from women smallholder farmers in Northern Uganda, to women in cookstove manufacturing in Kenya.
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Designer Tony Fadell, investing from his investment and advisory firm Future Shape, participated in the round.
Paul Sullivan has been writing the last couple of weeks about investing from the heart — choosing investments that reflect a passion.
It's prudent to approach investing from a global perspective, and I'm thrilled that there are investment products that allow us to hedge with the pros.
"To invest from scratch is very important," Mr. Prokhorov said.
Instead, he is investing from the bottom up.
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CEO of Professional Science Editing for Scientists @ prosciediting.com