Alexander Turkot (pictured), who resigned as director of Russia-based Skolkovo‘s technology entrepreneurial cluster, has launched a venture capital fund to raise up to $100m.

The fund has already received a commitment from Renova for “up to $50m,” Turkot told East-West Digital News. Renova is a diversified asset management and investment group owned by Skolkovo president and oil and metals oligarch Viktor Vekselberg.

Turkot’s fund intends to invest an average of $2m to $3m in series A and B rounds, focusing…

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