Moscow-based VC firm Ru-Net to invest US$50M in Southeast Asia

Ru-Net, a Russion VC firm focused on funding Internet and IT industries, has plans to invest US$50M in Southeast Asia in the next two or three years, reported Penn Olson.

Successful companies that they’ve already invested in include: OZON.ru, an Amazon-like website, BigLion, a daily deals site, and ivi, an online video site.

They also operate a separate fund called RTP Ventures, that focuses on US investments.

In Southeast Asia, they have already funded MJ Group, a Vietnamese e-commerce platform. They are looking at the Indian market next.

The Russian firm hopes to pump in around US$5 to 20M in a single transaction, focusing on startups that have already gone pass the seed round and operate in the areas of online travel, e-commerce, entertainment, and social gaming.

Right now, they have Digital Media Partners, a VC firm in the emerging markets in Southeast Asia, as a regional partner.