The new venture, partnered with Moscow State University, will provide support to early-stage projects.
QIWI, a Russia-based payment service provider, has launched a $30m seed fund and an accelerator. The accelerator, QIWI Universe, has launched in partnership with Moscow State University.
The fund, Run Capital, will be managed by Andrey Romanenko, QIWI’s founder and president, his father Nikolay Romanenko, and QIWI executives Igor Mikhailov and Sergey Fedyushenko.
Run Capital is Romanenko’s second fund. His first, the $100m iTech Capital, was launched in 2011 and focuses on established startups.
The acceleration programme will last four…
