NEWS
May 13, 2007
Where The VCs Are Flocking Now
 
 A few years ago, Central Europe and Russia were shunned by big investors. Not anymore

by Gail Edmondson and Jennifer L. Schenker

What's the hottest place to invest? That's always what any self-respecting venture capitalist wants to know. In 2004, Russian tech startups were clearly off the radar screen, as Sven Lingjaerde will tell you. Lingjaerde, a VC and founder of the European Tech Tour Assn., organized a visit to Moscow for 53 venture capitalists from the U.S. and Western Europe. At the time, none of the 25 outfits that pitched to the group got funding.

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partner of the European Tech Tour "In preparing for our dual IPOs on the Nasdaq and Neuer Markt, it was very important for SCM Microsystems to gain insight and access to the European investment scene. This team helped SCM build the foundation for our successful offerings not only with capital, but with sound guidance and value-added services as well."
Robert Schneider, founder and CEO, SCM Microsystems Inc.