Russian investor backs Hub start-up

A Russian-backed venture capital firm that recently opened a local outpost led a $13 million deal to fund the Boston start-up Zerto, a data recovery company.

Ru-net Technology Partners Ventures, which is the US affiliate of ru-Net Holdings of Moscow, established a local office here last year and has invested in one other local start-up, a children’s activities company called BabbaCo.


Its latest investment is in the hot field of data management and recovery, which has been attracting a growing amount of venture capital funding to companies around Boston.

Zerto, which is based in Boston and Israel, will use some of the funding to double its workforce. The company currently has about 25 employees in Boston.

Zerto was founded in 2009 by brothers Ziv and Oded Kedem and has raised a total of $34 million from venture capitals, including firms Greylock Partners and Battery Ventures. EMC Corp. of Hopkinton bought their previous company, Kashya, for $150 million in 2006.


Michael B. Farrell can be reached at
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