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. Last Updated: 07/27/2016

Startup Support Project

MOSCOW -- Sun Capital Partners, a $155 million private equity fund, and a newly formed Internet company, Vesta Russia, have set up a firm to bring Russian and Western Internet know-how to local Internet startups, Sun and Vesta officials said Tuesday.

Sun Capital supplied an unidentified amount of cash and Vesta brought a group of potential projects to the venture, known as e-start, Vesta managing director Salavat Rezbayev said in an interview, adding that up to five projects are under consideration.

Rezbayev compared the firm to an Internet incubator, but added it will focus on technology as well as marketing and equity support.

The project has no relationship to, a content project launched recently by Independent Media.