Third Millennium Russia Fund

Third Millennium Russia Fund is a microventure capital firm in Virginia that focuses on investing in a non-diversified portfolio. Founded in Richmond, Virginia, United States by John T. Connor, Jr, it invests in venture rounds. Third Millennium Russia Fund is a US SEC-registered mutual fund specializing in the equities of Russian public companies. The $126 million Fund was up 36% in 2006 and has an annual compound growth of 40% a year for the past five years. Third Millennium Russia Fund has invested in DataArt on May 28, 2008. This investment in the venture round of DataArt was valued at $4M. DataArt is a global software engineering firm.