Moscow Seed Fund concludes first investment cycle

Moscow Seed Fund, the venture arm of the Moscow City authorities, is concluding its first three-year investment cycle.

In partnership with Softline Venture Partners, the fund supports venture investors in financing small businesses in the science and technology sector. It backed startups Context Broker and AppStarter at the end of 2012 and early 2013 respectively. Both startups have now begun to pay back their loans, $240,000 in the case of Context Broker and $195,000 in the case of AppStarter.

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