According to him, the fund is most interested

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gor Kheresh, Director of Asset Management and M&A at Solar Group (part of Rostelecom PJSC), announced the creation of a new venture fund, Solar Ventures, at a press conference on the needs and potential of venture investments in the field of information security (IS) on October 15: the fund will become, according to Igor Kheresh, the first and so far the only narrow-industry fund in Russia with a focus on IS products; the investment object will be early-stage projects, as well as companies that have reached the scaling stage.

in new approaches to solving information security problems, as well as experienced teams capable of creating and developing products in undeveloped technological niches of cybersecurity.

According to Solar, the algeria whatsapp number database company intends to invest up to 1.1 billion rubles in the fund, which is about 5% of the total volume (22 billion rubles) of the previously announced investment program, designed for the period 2022-2025.

"The fund is open to syndicated deals with the participation of large companies, funds, and business angels interested in the development and implementation of Russian information security solutions. Solar strives to stimulate and support the cybersecurity industry, offering young companies various formats of interaction: from gratuitous support to investments in capital, and Solar Ventures will become another support tool," added Igor Kheresh.

According to him, one of the goals of venture investments for Solar is to participate in the growth stories of startups and lay the so-called foundation, “seed”, of future M&A deals.

"Solar has different inorganic growth tools, and they play different roles in different horizons of investment returns: returns in the near future will come from mergers and acquisitions, from joint ventures with mature businesses; on a horizon of up to five years - these are investments in our products, and Solar Ventures is sowing opportunities with a horizon of five to seven years for further M&A deals. That is, first we invest, help the company develop, in order to subsequently conduct an M&A deal, acquire the company, control over it," explained Igor Kheresh.

In 2022, Solar announced the launch of an investment program with a total volume of RUB 22 billion; during this time, the company conducted four M&A transactions and entered into a strategic partnership.

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