The closed-end mutual investment combined fund, VTB Capital’s pre-IPO Fund, has announced an investment of USD9.1 million in Ventra Go! a service that orders temporary staff services of mass professions.
This becomes the fifth company in the fund’s portfolio in which shareholders’ funds have been invested. In December 2021, the Pre-IPO Fund raised a further USD39.2 million) and the fundraise was oversubscribed indicating heavy interest in the product from investors.
Ventra Go! plans to direct the funds received from the VTB Capital Pre-IPO Fund to further develop and improve the platform, scale the service across the regions and improve the user experience.
The VTB Capital Pre-IPO Fund was established in April 2019 and is intended for qualified investors. Its funds are invested in non-public promising high-tech fast-growing companies with a stable financial model and plans to enter an IPO in the future or attract a strategic investor.
The total term of operation of the fund is eight years. The payment of investment income on the fund is planned to begin three-four years after the acquisition of the unit as the fund exits the funded projects.
The closed-end mutual investment combined fund, VTB Capital Pre-IPO Fund, is managed by VTB Capital Asset Management JSC.
