Rusnano Capital teamed up with I2BF Global Ventures to invest $150 million in nanotechnologies for the agriculture and water industries.
Rusnano Capital, a unit of Rusnano, and I2BF started a seven-year fund to invest in international businesses whose applications can be used in Russia, they said in a statement. The I2BF-RNC Strategic Resources Fund, with a target size of $150 million, has $53 million already committed, they said.
"Agriculture and water-supply industries in Russia offer an immense source for growth," Irina Rapoport, chief executive of Rusnano Capital, said in the statement.
(Bloomberg)
