The partnership will see Bessemer, which was effectively formed as a family office in 1911 out of Henry Phipps's share of the proceeds from the sale of Carnegie Steel, invest $20m in Skolkovo-resident companies over the next two years.
Skolkovo Foundation, which is helping build Russia’s high-tech research centre outside Moscow, has signed a partnership with American venture capital firm Bessemer Venture Partners.
The partnership will see Bessemer, which was effectively formed as a family office in 1911 out of Henry Phipps’s share of the proceeds from the sale of Carnegie Steel and named after a process for making steel, invest $20m in Skolkovo-resident companies over the next two years.
The deal is part of a visit by Skolkovo…
