Quadro Capital Partners and FOREX CLUB Founders Launch $50 Million FXC-QCP VC Venture Capital Fund
MOSCOW, December 12, 2013-- Quadro Capital Partners (QCP) and FOREX CLUB founders Vyacheslav Taran and Oleg Reps have announced the launch of the FXC-QCP VC venture capital fund.
The fund will be focused on investments in the area of online financial services and adjacent fields. The considered top-priority target sectors include payment systems, asset management, banking, financial and business services (including B2B2C), business simulators & business games, business education. QCP-FXC VC will aim at seeds and also early-stage as well as actively growing projects. Its target geography extends to Russia and CIS, countries of the Eastern Europe, EU, and Israeli globally oriented applications.
With US$50 million targeted fund volume FXC-QCP VC intends to build a diverse portfolio which will include 10 high potential companies considering up to US$5 million for each one.
QCP partners and FOREX CLUB founders will form the Management Board of the Fund. Launch is planned for the 1H 2014
"Online financial services segment still keeps the high potential for the development. Our deep technical and managerial expertise in financial and internet online services business development in different countries gives reason for proper selection of high-potential projects and the following effective support in their development," commented Giedrius Pukas, the QCP founding partner.
The partner of FXC-QCP VC, co-founder of FOREX CLUB group of companies Vyacheslav Taran pointed out: "We have solid experience in financial and internet-business in global scale. Obviously, mentioned industry shows rapid development, therefore it lacks investments. We are sure that FXC-QCP VC and win-win approach underlying the essence of the investment business will support successful development of selected projects and companies."
Notes for editors:
Quadro Capital Partners is a consumer and retail focused private equity fund management company.
Established in 1997, FOREX CLUB Group of Companies is one of the leaders in the online forex and CFD trading providing its services to clients from over 120 countries worldwide. The company offers every client effective tools for training, analytics and education, as well as personal support. Within the past 16 years FOREX CLUB launched more than 100 offices in many countries all over the world including CIS countries, USA, Latin America, Asian countries and European Union.
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