Venture capital firm Runa Capital is raising its third fund with a target of between $200m and $300m.
Runa’s founder and senior partner Serguei Beloussov told Dow Jones that most of the fund will be deployed outside of Russia.
He said the firm’s $135m first vehicle was more focused on Russian-speaking founders.
The firm is focused on cloud computing and other hosted services, virtualization and mobile applications. It has invested in companies with assets of more than $10bn.
Runa’s portfolio companies include St. Petersburg-based educational platform Dnevnik.ru, virtualization and device management technology sartup CellRox and backup, disaster recovery, and secure file sharing technology specialist Acronis.
In May this year Runa exited its investment in French mobile app management startup Capptain, which was acquired by Microsoft.
Back in February, a Russia-focused venture firm, Elbrus Capital, held a final close for its second fund on its $550m hard cap.
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