VTB Capital Venture Leads US$18 Million Round in Fast Lane Ventures (CEE/CIS)

Source: VTB Capital Venture Business

VTB Capital Venture Business, a Moscow-based firm focused on venture capital investments in Russia and CIS countries, has led a Series C investment into Fast Lane Ventures, a local developer and promoter of internet businesses. The transaction is valued at US$18 million. The funding will be used to develop Fast Lane Ventures’s current portfolio of companies, finance new investments, and further strengthen the company’s team and expertise.