The Russia-based bank invested in companies including Uber and eToro from the $100m first fund and is seeking between $200m and $250m for the second.

Russia-based financial services firm Sberbank has launched a 10-year venture capital fund sized between $200m and $250m, TechCrunch reported yesterday.

Sberbank’s first 10-year fund, Moneytime, was launched in 2012 with $100m and Lev Khasis told TechCrunch it has invested $40m in 10 companies including US-based ride hailing platform Uber and UK-based social trading platform eToro.

Unlike the previous fund, which was solely financed by the bank, the second fund includes unnamed companies and private investors, some of which are Russian,…