MTS Venture Fund is going to invest up to $2 million in technology startups at the seed stage and in round A. The main areas of the fund are Fintech, media, sharing economy, EdTech and the Internet of Things, as well as smart home, wellness and other areas related to the provision of digital solutions to a wide range of users.
“Over the two years of the fund’s operation, most of its funds have been invested and the allocation of additional capital is a confirmation of the value of this instrument for the development of the MTS group. The fund’s strategy allows you to select the best projects on the market to create new partnerships or enter new niches. For example, MTS already has its own smart home solutions and investments in promising companies in this area will expand its current product portfolio. We are also ready to consider digital b2c platforms for launching new ecosystem areas, including wellness,” commented Dmitry Kurin, Director of Innovations and Investments at MTS.
The MTS Venture Fund was established in 2019 based on the MTS StartUp Hub innovation and investment center. Its portfolio includes the Fintech AI platform TalkBank, the KonnektU customer data management platform, the Academy of Changes educational online platform and other companies.
