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This article was published on June 19, 2012

    Goldman Sachs and Russian entrepreneur Oleg Tinkov debut $20m Internet business incubator

    Goldman Sachs and Russian entrepreneur Oleg Tinkov debut $20m Internet business incubator
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Here’s an unusal bit of news. Russian serial entrepreneur Oleg Tinkov, whose previous ventures having ranged from financial services to beer brewing and ravioli, has teamed up with Goldman Sachs to launch an Internet company called Tinkoff Digital.

    In a press statement, Tinkov and Goldman Sachs says they will initially invest approximately $20 million into the new venture together, and that the intent is to purchase and develop new online and mobile advertising technology-based businesses.

    Most recently, Tinkov launched Tinkoff Credit Systems, an online bank where he will retain a majority stake and remain operationally involved.

    “The untapped potential in the Internet space is enormous, and I believe this is an environment where new billion dollar companies are going to appear,” said Tinkov.

    To manage the new Internet company, Tinkov has recruited Anna Znamenskaia as CEO. She’s the former CEO and co-founder of ivi.ru – the largest Russian online video portal with licensed content – and previously Commercial Director at Rambler.

    (Hat tip to Yakov)