VTB Capital joins Fast Lane

Jul 15, 2012 • Global Corporate Venturing

VTB has reportedly led an $18m series C round for Fast Lane Ventures, which has incubated online dating site Teamo.ru, Pinternet clone Pinme.ru and location-based shopping service Locata.

VTB Capital Venture Business, a subsidiary of Russia-based bank VTB, has invested in Fast Lane Ventures, a local internet incubator and accelerator backed by a host of corporations.

VTB has reportedly led an $18m series C round for Fast Lane Ventures, which has incubated online dating site Teamo.ru, Pinternet clone Pinme.ru and location-based shopping service Locata.

Fast Lane Ventures has invested $60m in 18 portfolio companies over the past two years after backing from Direct Group, eVenture Capital Partners, Kinnevik,…

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