Life.Sreda launches second fund

Increasing geopolitical tensions and unease in Russia's private equity and venture capital industries have not deterred firms from fundraising it seems. Earlier this year, Russian VC Runa Capital also announced the first close of its new fund, with a $200m target.

Life.Sreda has had a relatively busy summer. In August, the firm invested $1.5m in Ukrainian mobile payments company Advice Wallet and also took part in a series-C funding round of more than $10m for London-based mobile point-of-sale company SumUp.

Last month, the firm invested in Scorista.ru, a Russian online credit assessment service for micro finance institutions. The deal gave the company a value of $3-4m.

Investors
Existing investors in the firm's previous fund have already committed $20m to the new vehicle.

Life.Sreda is in talks with banks and telecoms operators and claims that it is seeing increasing interest from Chinese, Hong Kong and Singaporean banks.

Investments
Life.Sreda II will focus on fintech investments in Europe and the US, with 10% of the fund's capital allocated to investing in Russian companies.

The fund's typical equity ticket will be in the range of $5-10m.

People
Vladislav Solodkiy is the CEO and managing partner of Life.Sreda.

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