Rusnano, the Russian state-controlled nanotechnology corporation, has exited Quantenna Communications, a US-based provider of high-performance Wi-Fi solutions, six years after an investment of around $20 million in the company.
Revealed by SEC documents and confirmed by Rusnano, the exit transaction took place December 2018. The Russian firm received some $43 million in exchange for its stake of approximately 7% in the Quantenna.
This provided Rusnano with a “more than fourfold ROI or 28.9% IRR in ruble equivalent,” according to Rusnano’s press service, or around twofold in US dollars, taken into account the ruble’s sharp depreciation since the year of the investment.
Quantenna has a Russian R&D team of around 60 researchers and engineers, whose microschemes are praised by industry experts.
Source: Forbes.ru
