Frontier Ventures, a US$50 million venture fund founded by Dmitry Alimov, aims to invest in early-stage internet companies in Russia to capitalize on the growing digital economy.

Target Overview

Frontier Ventures, founded by Russian entrepreneur Dmitry Alimov, has established a venture fund with a capitalization of US$50 million. This fund is specifically designed to invest in early-stage internet-oriented consumer companies in Russia. Alimov, who has a proven track record in the tech sector, previously led ru-Net, an investment company based in Russia that focuses on internet and technology portfolio companies.

The fund aims to capitalize on the growing digital landscape in Russia, driving innovation and growth in the consumer sector by providing essential capital and strategic guidance to budding startups.

Industry Overview

The internet economy in Russia has shown significant potential over the past few years, reflecting a growing consumer base that increasingly relies on digital services. As digital penetration rises, internet startups are flourish