GVA Capital, the San Francisco-based VC firm that tried to build a Russian Hill “startup temple,” has been fined $215 million for illegally using funds from a Russian oligarch.
sfstandard.com/2025/06/13/r...
sfstandard.com
San Francisco VC firm fined $215M for using Russian oligarch funds
Among GVA Capital’s investments was a now-defunct church converted into a startup incubator in Russian Hill dubbed the “Startup Temple.”