Representatives of 15 Korean venture funds, including KDB Capital, STIC Investments Inc. and L&S Venture Capital, visited Moscow last week intending to invest up to $10 million each in local IT companies.
The Korean businessmen visited, in particular, the Strogino technopark, a business incubator and accelerator created in 2007 by the Moscow city municipality and the Russian Ministry of Economic Development.
Among the companies that met the Korean delegations were financial software publisher Crosys, social game publisher 101XP and Linguamania, a startup offering “a fun way to learn English.”
Sources: Marker.ru, Strogino technopark
