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Russian venture fund Life.Sreda seeks to sell assets amid first signs of severe industry contraction

Russian fintech fund Life.Sreda is seeking buyers for the greater part of its portfolio companies, both Russian and foreign, Russian business daily Vedomosti has learned from unnamed industry insiders. The fund intends to concentrate on the development of its most promising project, mobile acquiring startup LifePay.

In an exchange with the newspaper, Life.Sreda representative Anna Yanchevskaya conceded that, in the “turbulent conditions” of the domestic venture market, the fund has slowed its investment activity in Russia.

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