PSB Venture Fund

PSB Venture Fund operates as the captive corporate venture capital arm of Promsvyazbank, a Russian state-owned bank that functions as the primary financial institution for the country's defense sector. The fund uses the bank's own balance sheet rather than outside limited-partner capital. All investment decisions serve the parent bank's strategic technology and industrial priorities.

The fund covers seed to late-stage venture and growth equity, investing across the full lifecycle of a technology company's development within Russia. PSB Venture Fund deploys directly from the bank's balance sheet, enabling it to write initial checks at the startup stage and follow on in later rounds where Promsvyazbank's commercial partnership adds value.

The fund focuses on Russia's domestic technology sector, consistent with the parent bank's mandate and operational footprint. There is no public evidence of cross-border venture investment activity, and the portfolio companies identified to date are all Russian-headquartered technology firms.

Exit activity is not publicly disclosed. As a corporate venture arm tied to a state-owned defense bank, PSB Venture Fund is structured to hold portfolio companies strategically rather than pursuing a traditional venture-capital exit timeline, suggesting liquidity events are secondary to commercial integration objectives.

The fund does not publicly list a dedicated investment committee or named investment partners. Given its structure as a captive corporate venture vehicle, deal decisions likely flow through Promsvyazbank senior management, aligning with the bank's broader strategic mandate rather than an independent GP framework.