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SpinUp Partners leads Russian startups to global markets via Singapore accelerators

July 2, 2014 Comments off

by Adrien Henni, East-West Digital News

Over the past months Russian seed-stage fund SpinUp Partners has invested in two Asian startup accelerators – a pioneering move among Russian funds, which usually consider California the prime destination in their global investment strategy.

In March, Spin Up Partners was the secondary investor in an international consortium that injected $2.1 million into Singapore-based Joyful Frog Digital Incubator.

Anchored by Singapore’s Infocomm Investments Pte Ltd (IIFL), the investment round was also supported by Silicon Valley’s Fenox Venture Capital, as well as individual investors from Germany, the Philippines, Thailand and the UK. Read more…