BioCentury
ARTICLE | Finance

Finding love in Russia

Russian nanotech fund woos pair of MIT companies to Moscow with $50M

October 31, 2011 7:00 AM UTC

The state-funded $10 billion Russian nanotechnology fund Rusnano, which has invested more than $1 billion in life sciences companies and funds over the last several years, invested another $50 million last week.

The money was evenly divided between series D rounds for nanotech plays Bind Biosciences Inc. and Selecta Biosciences Inc. Each round totaled $47.3 million...