Cisco Announces Investment in Venture Capital Fund

Jul 08, 2008

Cisco announced an anchor investment in a venture capital fund that will focus on Russia and the Commonwealth of Independent States (CIS). In collaboration with Almaz Capital Partners, Cisco has made the anchor investment in Almaz Capital Russia Fund I, L.P. which initially closed at $60 million. Almaz Capital Partners will seek investment opportunities and manage the fund's investments. The target companies for the fund primarily include high-growth small and medium-sized companies in the technology, media, and telecommunications sectors.