What does RUSNANO mean in Companies & Firms?

Rusnano

JSC Rusnano (Russian: Роснано; formerly Russian Corporation of Nanotechnologies) is a government-owned joint-stock company established as a $10B Private Equity and Venture Capital Evergreen Fund by the government of Russia and aimed at commercializing developments in nanotechnology. Rusnano's task is to develop the Russian Nanotechnology industry into one whose products will be worth 900 billion rubles by 2015. Rusnano is focused on making growth stage investments and to this end was lead investor in Quantenna Communication's $79M Series G round of preferred financing. Quantenna Communications then successfully completed its initial public offering under the ticker QTNA in October 2016. According to a press release issued by Rusnano, this investment will leverage synergies between Quantenna's portfolio and a number of nanotechnology initiatives that are under way at Rusnano. Rusnano was also the largest investor in MEMS timing pioneer SiTime, which was acquired by Megachips in October 2014.

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