A DFJ network partner in Russia

DFJ-VTB Aurora is a strategic partnership between two of the world’s most respected financial institutions: Silicon Valley’s Draper Fisher Jurvetson (www.DFJ.com) and Russia’s VTB Bank (www.vtb.com). Draper Fisher Jurvetson is a staple of Silicon Valley and one of its most respected venture capital firms, with over $5 billion under management across all network funds and notable deals such as Skype, Hotmail, Baidu, and Overture. VTB is Russia’s second largest bank with a wealth of expertise, resources, and connections. By combining the venture industry expertise and global reach of DFJ and VTB’s knowledge of the Russian investment environment and strong local operational support, DFJ-VTB Aurora is poised to pave the way for the venture industry in Russia while best assisting Russian entrepreneurs in creating significant value through their projects.

DFJ-VTB Aurora started operating in September 2007. In its role, DFJ-VTB Aurora works with several VTB venture funds in an advisory capacity, assisting with due diligence, post-investment management and board level participation, while continuing to work directly with Russia's growing class of technology entrepreneurs. Several other joint funds are under consideration, which includes seed level investing, regional concentration, and core science, amongst others.

For more information about DFJ-VTB Aurora please contact Alexandra Johnson (ajohnson@dfj.com).

About Draper Fisher Jurvetson
Draper Fisher Jurvetson is the preeminent venture capital firm with a global presence through a network of partner funds. DFJ has offices in more than 33 cities around the world and more than $5.5 billion in capital commitments. DFJ's mission is to identify, serve, and provide capital for extraordinary entrepreneurs anywhere who are determined to change the world. Over the past 20 years, DFJ has been proud to back more than 300 companies across many sectors, including such industry-changing catalysts as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Athenahealth (ATHN), EnerNOC (ENOC), Interwoven (IWOV), Four11 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID).

About VTB
VTB is a recognized leader of the Russian national financial industry with its sustained competitive edge in all segments of the banking market. As of September 30, 2007 according to IFRS (consolidated), its shareholders equity totaled $15.9 billion, enabling VTB to meet the Basle capital adequacy requirements with a safe margin. Also as of September 30, 2007, the Bank’s assets amounted up to $74.3 billion. Banker Magazine ranks VTB 116th among the world’s 1,000 largest banks by capital. Presently, the Government of the Russian Federation is the major shareholder of VTB, with its share accounting for 77.5%. As part of VTB’s IPO in May 2007, newly issued shares representing 22.5% of VTB’s enlarged share capital were allocated among Russian and international investors. The aggregate amount of funds raised approximated $8 billion, making the VTB’s IPO the world’s largest public offering in 2007. It also proved to be most public in the history of the Russian stock market, with more than 120,000 Russians becoming VTB shareholders during the IPO.

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