Sistema launches start-up fund Sistema SmartTech

MOSCOW: Sistema PJSFC, a Russian publicly-traded diversified holding company, announced the launch of Sistema SmartTech, a fund aimed at supporting early-stage and start-up companies from seed investment to Series A funding. The Fund’s target size is expected to be RUB 5 billion, with up to RUB 1.5bn investment from Sistema. In addition to Sistema, which…