Moscow Seed Fund

Established by Moscow's Department of Entrepreneurship and Innovation Policy, this fund promotes venture investment in small enterprises with a focus on scientific and technical spheres.

Alexey Kostrov

Executive Director

Past deals in Eastern Europe

Inspector Cloud

Series A in 2021
Inspector Cloud develops an AI-powered SaaS platform for automating retail audits. It uses image recognition technology to create digital models of stores, track stock levels in real-time, and provide insights to optimize merchandising. Established in 2016, the company serves global consumer goods brands.

Focus technologies

Seed Round in 2020
Focus Technologies LLC, founded in 2016 and based in Moscow, Russia, specializes in developing analytical tools and automated solutions for the retail sector. The company offers the Focus system, which integrates sales and traffic data with advanced technologies such as facial recognition and Wi-Fi analytics. Its primary products include Focus Mall, which consolidates consumer buying activity data at shopping centers, and Focus Retail, which provides real-time performance evaluations for retail chains. Additionally, Focus Technologies automates mall management and analyzes visitor pathways to enhance purchase solutions, thereby delivering actionable recommendations to shopping centers and retail businesses.

Jetlex

Seed Round in 2020
Jetlex is a technology company founded in 2018 and based in Moscow, Russia, specializing in automated data extraction from documents. Utilizing advanced machine learning algorithms, including optical character recognition and named entity recognition, Jetlex offers a highly accurate software solution that streamlines the processing of incoming documents. This technology significantly reduces the time required for manual data entry, allowing businesses to enhance efficiency by reallocating their workforce to more critical tasks. By minimizing processing costs and improving accuracy, Jetlex supports clients in optimizing their document management workflows.

Time Saving Machine

Debt Financing in 2019
Time Saving Machine is a courier and logistics company based in Moscow, Russia, established in 2018. It specializes in the delivery of letters, parcels, and cargo both domestically and internationally. The company caters to various business needs by handling shipments such as documents, catalogs, spare parts, dangerous goods, and liquids, often requiring coordination with government agencies, airports, and customs. Additionally, Time Saving Machine offers packaging services, customs clearance, and solutions for inquiries, along with an online platform that allows users to compare shipping prices. Its focus on efficiency aims to enhance the international express delivery process for businesses and corporate clients seeking cost-effective shipping solutions.

First Data

Series A in 2019
First Data, LLC is a media platform based in Moscow, Russia, founded in 2017. The company specializes in assisting advertisers by connecting them with online users based on their offline and online purchasing behaviors. It collects non-personalized information regarding purchases from various retail sectors, including pharmacies, grocery stores, and service providers. By segmenting this data, First Data enables advertisers to target their campaigns more effectively, reaching individuals who have previously shown a genuine interest in specific products or services, rather than a random audience. This targeted approach enhances the efficiency of advertising efforts across various industries, such as pharmaceuticals, banking, and consumer goods.

Soica

Seed Round in 2018
Soica is a technology company based in Moscow, Russia, specializing in the digitization of paper documents and the extraction of data from both physical and digitized media. The company offers a comprehensive suite of products that facilitate the streaming digitization of documents, enabling users to input recognized data into various IT systems such as archives and accounting systems. Soica is in the process of evolving its offerings into a fully web-oriented, cross-platform solution, which includes an open portal for small-scale data digitization and an application for streaming digitization and transmission of optical character recognition (OCR) data. The company's technology automates document digitization, minimizing the initial setup costs and streamlining data entry processes. Soica's system progressively learns to recognize different document types and predict the significance of the data, allowing users to review and adjust extracted attributes before large-scale digitization.

UVL Robotics

Seed Round in 2018
UVL Robotics specializes in developing unmanned aerial drones for efficient inventory management within warehouses. Headquartered in Moscow, Russia, with global offices, the company offers innovative drone-based solutions incorporating AI and machine learning technologies.

Online Patent

Venture Round in 2018
Online Patent, LLC is a leading player in the Russian intellectual property market, specifically ranked among the top five companies in trademark registration. Headquartered in Russia, the company has developed an innovative IT platform for intellectual property management since 2014, which automates many routine patent attorney tasks. This platform offers comprehensive services such as the submission of IP registration applications, patent searches, and trademark checks, alongside managing existing intellectual property titles and their renewals. Online Patent enables clients to efficiently consolidate and manage their registered trademarks and patents, as well as applications currently under review by patent offices in various jurisdictions. The platform also provides direct online access to Rospatent and qualified legal consulting, catering to both local and international clients, including prominent organizations such as COFCO, FAW, and Deloitte.

Inspector Cloud

Seed Round in 2018
Inspector Cloud develops an AI-powered SaaS platform for automating retail audits. It uses image recognition technology to create digital models of stores, track stock levels in real-time, and provide insights to optimize merchandising. Established in 2016, the company serves global consumer goods brands.

Invend

Seed Round in 2018
iNVend, LLC is a company that specializes in the development and implementation of software for self-service kiosks and terminals. Founded in 2013 and headquartered in Moscow, Russia, iNVend's technology facilitates self-check-in processes in various environments, including hotels, business centers, and airports. The software enables users to register independently, manage visitor registrations, and automate functions such as card replenishment and self-service refills at payment terminals. In addition to its core software offerings, iNVend provides support and updates, installation of third-party software, and the development of libraries for terminal components, ensuring a comprehensive solution for self-service operations.

Tiwo

Seed Round in 2018
Tiwo, LLC is an online platform based in Moscow, Russia, that specializes in selling electronic tickets for a variety of events, including concerts, shows, and quests. Founded in 2017, Tiwo provides a comprehensive service that includes an integrated ticket sales widget and tools designed to assist event organizers with marketing and sales management. The platform aggregates event information, displaying details such as timing and locations, enabling users to easily purchase tickets for various leisure and entertainment activities from anywhere. Tiwo aims to streamline the ticket purchasing experience while offering valuable resources to both event organizers and attendees.

Inspector Cloud

Pre Seed Round in 2017
Inspector Cloud develops an AI-powered SaaS platform for automating retail audits. It uses image recognition technology to create digital models of stores, track stock levels in real-time, and provide insights to optimize merchandising. Established in 2016, the company serves global consumer goods brands.

PhishMan

Series A in 2016
PhishMan is a Moscow-based company specializing in the development of advanced phishing protection systems aimed at safeguarding users from internet fraud. The firm creates high-tech software solutions that help organizations combat phishing threats through innovative training methods. Its software simulates fraudulent activities by sending out emails that contain various traps, allowing organizations to assess how recipients respond and gauge their awareness of potential threats. Additionally, PhishMan provides customized training courses for employees who interact with these simulated phishing attempts. The team comprises specialists with extensive experience in information security, holding various scientific degrees and internationally recognized certifications, which underscores their expertise in the field.

Online Patent

Seed Round in 2016
Online Patent, LLC is a leading player in the Russian intellectual property market, specifically ranked among the top five companies in trademark registration. Headquartered in Russia, the company has developed an innovative IT platform for intellectual property management since 2014, which automates many routine patent attorney tasks. This platform offers comprehensive services such as the submission of IP registration applications, patent searches, and trademark checks, alongside managing existing intellectual property titles and their renewals. Online Patent enables clients to efficiently consolidate and manage their registered trademarks and patents, as well as applications currently under review by patent offices in various jurisdictions. The platform also provides direct online access to Rospatent and qualified legal consulting, catering to both local and international clients, including prominent organizations such as COFCO, FAW, and Deloitte.

Mixupload

Seed Round in 2015
Mixupload is an online streaming platform that monetizes music content for DJs, producers, and music lovers. The service offers a freemium catalog of tracks across genres through its audio library, enabling musicians to source music for performances and productions. It has a strong presence in Eastern Europe and Northern Asia and has expressed plans to expand globally.

CFGS

Venture Round in 2015
CFGS LLC is a pioneering biotech enterprise in Russia specializing in the industrial production of ready-made microbiological media that adheres to international standards. The company provides complex multi-component substrates designed for the cultivation of microorganisms, which are conveniently packaged in standardized containers. This innovation allows healthcare professionals to bypass the time-consuming and complex process of manufacturing media within individual laboratories, thereby streamlining laboratory operations and enhancing efficiency.

GeoCV

Seed Round in 2015
GeoCV, established in 2011 and headquartered in New York, specializes in PropTech. The company develops mobile applications that use 3D computer vision and machine learning to capture and recreate interiors in 3D. Their solution includes a mobile app for 3D scanning, cloud-based SaaS for data processing, and a web service for 3D visualization. GeoCV's flagship product, Virtual Open House™, offers real estate professionals an end-to-end, affordable solution for creating photorealistic 3D+360° walkthroughs, textured floor plans, and professional photos. This enables interactive virtual property tours, accelerating business transactions and enhancing user experiences. The company aims to become the leading provider of 3D capturing reality solutions, initially focusing on real estate and eventually expanding to other B2B industries.

TicketsCloud

Seed Round in 2014
TicketsCloud LLC is an online platform that facilitates ticket distribution for various event organizers, including those involved in theatres, concerts, festivals, sports, museums, and theme parks. Founded in 2014 and based in Moscow, Russia, the company serves as a bridge between event managers and ticket distributors, aiming to create an efficient network for ticket sales. TicketsCloud leverages big data to collect and analyze information on ticket sales, helping to classify consumers and determine fair ticket pricing. By providing real-time updates on sales and promotion channels, the platform enhances the ability of event organizers to connect with their audience and maximize market margins.

Mixupload

Seed Round in 2014
Mixupload is an online streaming platform that monetizes music content for DJs, producers, and music lovers. The service offers a freemium catalog of tracks across genres through its audio library, enabling musicians to source music for performances and productions. It has a strong presence in Eastern Europe and Northern Asia and has expressed plans to expand globally.

Mersibo

Seed Round in 2014
Mersibo is a Russian company specializing in the development of educational games aimed at children aged 3 to 10 years. Founded in 2013 by Vitally Bardalim, Mersibo creates interactive games that support various aspects of child development, including speech, memory, attention, reading, and numeracy. The company offers a range of titles, such as Saving Princess, Rags in Order, Trendy Python, Marsh Wedding, and Wolf Teaches Letters, each designed to enhance specific skills and adapt to the individual abilities of young learners. Mersibo's focus is on providing engaging and useful tools that facilitate learning and growth through creative play.

RTB-Media

Seed Round in 2014
RTB-Media is a Moscow-based company founded in 2014 that specializes in real-time media management systems and software as a service for real-time bidding (RTB). The company offers a comprehensive Trading Desk and cross-channel advertising reporting platform, enabling advertisers to efficiently manage their media advertisements using RTB technology. By providing access to analytics and a wealth of data on target audiences, RTB-Media enhances the effectiveness of advertising campaigns. Its all-in-one dashboard eliminates the need for users to log into multiple platforms for campaign updates, thereby streamlining the management process and reducing time spent on manual tasks. The company employs programmatic ad buying and A/B testing across various ad formats and channels to help agencies, start-ups, and brands implement targeted online advertising strategies across social media, search engines, and display networks.

AdWired

Debt Financing in 2013
AdWired, LLC is a mobile advertising media network headquartered in Moscow, Russia. The company specializes in providing mobile applications that enable advertisers and agencies to effectively reach and engage users on smartphones and tablets across various sectors, including media, sports, entertainment, and automotive. AdWired offers a software development kit (SDK) that allows publishers and developers to manage advertisements and generate revenue on multiple mobile platforms, including iOS, Android, and Windows Phone. The SDK supports HTML5, facilitating the creation of interactive ads that can include audio and video elements. Additionally, AdWired's unique targeting features and interactive banners help advertisers achieve a high return on investment by connecting them with the most receptive audiences. The integration process for developers is streamlined, taking only about an hour to implement.

AGELON М

Debt Financing in 2013
LLC AGELON M is an online marketing research platform founded in 2012 and headquartered in Chelyabinsk, Russia. The company provides tools for creating surveys and conducting research across social and professional media networks in Russia, Ukraine, and Belarus. Its platform includes features such as respondent targeting, analysis, motivation techniques, real-time reporting, and one-click presentation solutions, catering to the needs of professionals in the marketing research field.

iPressPad

Seed Round in 2013
iPressPad is a Russian software developer specializing in solutions for publishing content on mobile devices. Its flagship product, the iPressPad system, caters to both traditional print publishers and online media outlets, facilitating digital magazine creation and distribution. The company offers additional services such as consulting for promotion and monetization strategies, content layout assistance within its platform, and design mock-up development for mobile publications.

Probki Iz okna

Seed Round in 2013
Probki iz Okna provides online traffic information via webcams installed near windows by users. The company is based in the Russian Federation.

ActiveHost RU

Debt Financing in 2013
ActiveCloud – a leading provider of cloud services for small and medium businesses. The company provides dozens of IT-solutions: from website and e-mail hosting to scalable cloud infrastructure (IaaS), virtual desktops, business applications (SaaS), IT-consulting and security services. ActiveCloud solutions used by more than 35 000 customers in Russia and 6 CIS countries.

SocialMart

Seed Round in 2013
SocialMart is a Moscow-based company that specializes in online contextual advertising and website monetization. Founded in 2012, it operates a platform that provides contextual product widgets and affiliate links to help online publishers, including site owners, bloggers, and media outlets, effectively monetize their content. SocialMart's technology analyzes website content—such as titles, text, and images—to deliver relevant product offers from local e-stores, enhancing user engagement while supporting publishers in maintaining a balance between visitor loyalty and advertising revenue. This approach allows for a seamless integration of advertising within the content, making affiliate marketing more convenient and accessible for its clients.

Sendmebox

Seed Round in 2013
SendMeBox is a Russian service which attempts wo simplify the process of buying online for Russian-speaking people by offering a Russian-language catalog with products from foreign online stores. The service was developed by a team at Russian online retailer Newmans.

Car-fin

Seed Round in 2013
Car-Fin is a Moscow-based credit service established in 2012, specializing in providing online automotive credit solutions. The company caters to automotive companies and real estate developers by offering loan calculators that can be integrated into the websites of car manufacturers and dealers. Car-Fin's platform enables users to compare vehicles based on cost of ownership and loan terms, including buy-back and leasing options. This streamlined approach allows users to easily apply for loans or leases tailored to their specific needs, making the process of securing automotive financing more accessible and efficient.

Teachbase

Debt Financing in 2012
Teachbase is an online learning and training platform that supports corporate education by offering an employee training service and tools for creating and managing courses, online training, meetings, and webinars. The platform provides analytics, feedback, and auto-assignment of courses to simplify training management, enabling organizations to run remote training, administer tests, and organize webinars based on client materials. The company is headquartered in Moscow, Russia.

Apps4all

Debt Financing in 2012
Apps4all is a unique mobile development ecosystem based in Russia that aims to support developers in the creation of high-quality and profitable applications for various mobile platforms. It fosters a community of users, companies, and developers interested in mobile application economics. The company offers a range of resources, including an informational website, annual conferences, master-classes in mobile development, and a catalogue of developers and their applications. Additionally, Apps4all facilitates a tender-based system for mobile app development, provides market analytics, conducts app market research, and organizes contests. As a portfolio company of a prominent software retailer in the region, Apps4all benefits from extensive expertise and financial backing, allowing it to undertake ambitious projects that bolster the growth and integration of mobile technologies.
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