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Companies in VTB Capital’s Venture Business portfolio named among the best start-ups for 2013


Tags: venture capital

Feb 8, 2013
Design-focused e-commerce site Fab.com has won the nomination for “Best E-Commerce Application”, according to the renowned technology blog – TechCrunch. In November 2012, VTB Capital’s Venture Business and partners invested in Fab.com.

The digital data storage company – Avalanche Technology – was ranked among the TOP-10 of the "Most Promising Storage Start-Ups in 2013". The rating was prepared by StorageNewsletter.com based on a survey of journalists who cover advanced technologies in the field of information storage and transmission. In August 2012, VTB Capital’s Venture Business invested US$8 mln along with Sequoia Capital, Bessemer Venture Partners, Qualcomm Ventures, and others in the company during Round D financing.

The company Eccentex was recognised as one of the best companies in the “Best Platform-as-a-Service” category during the prestigious Cloud Computing Awards. In February 2012, the venture capital business of VTB Capital became the largest investor during round A funding.

Aidar Kaliev, Global Head of Venture Business at VTB Capital, said: "We strive to invest in the most promising companies in their sectors. For us, it is necessary that there be strong project team, both in terms of technical knowledge as well as leadership. The company should demonstrate a well developed market strategy and a clear understanding of the business model. The fact that our portfolio companies were assigned high ratings by distinguished industry experts is the best affirmation that we are on the right track."

Fab.com was founded in February 2011 and launched on June 9, 2011. Fab’s headquarters are in New York. Over 11 million people around the world use Fab.com to discover everyday design products at great prices, to connect with the world’s most exciting designers, and to share their favorite design inspirations. The company sells its products in 26 countries around the world.

Eccentex Corporation, founded in 2006, the leader in dynamic case management cloud solutions, offers its AppBase Platform as a Service (PaaS) to rapidly deliver, deploy, maintain, and run enterprise business processes for case management solutions in a cloud-based environment. AppBase is helping some of the most recognizable organizations in banking, insurance, healthcare, and government to deploy solutions significantly faster (5X), while reducing costs by more than 50 percent, and vastly improving critical customer service outcomes by 40 percent.

Avalanche Technology, Inc., the industry leading innovator of Spin Programmable Memory (SPMEM™) MRAM based on spin-transfer torque (STT_MRAM). Avalanche Technology is a mid-stage company comprised of successful serial entrepreneurs and veterans in semiconductor, memory and storage industries. Avalanche Technology set out to fundamentally change the memory industry with a disruptive low power, high performance, scalable, non-volatile magnetic memory protected by a comprehensive US and foreign patent portfolio. The company licenses its technology platform for embedded and standalone chip applications in a wide variety of telecommunication, networking, storage, computing and handheld applications.

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