Russian VC Firm NGI Will Invest Heavily in French Startups

Russia was once known for its undying adoration for all things French back in the day, and a century and a half later you could argue that some of that spark is still hanging around. New Generation Investment, the Russian VC firm part-owned by Leonid Reiman, former Minister of Communications and Information Technologies, has announced that it would like to start investing into the startup scene in France. It's starting with a fund of ?20 million ($26.4 million) -- relatively modest by American standards but decent in France considering how little is invested in startups in the country. During the first quarter of 2012, French companies raised ?168 million ($222 million) from venture capitalists while American companies raised $5.8 billion. That works out to VC investment being 26 times lower in France than it is in the U.S.

lottery winners april fools day pranks ohio state vs kansas daniel von bargen the beach blood diamond 8 bit google maps