Baring Vostok Capital Partners

Baring Vostok Capital Partners Limited is a venture capital and private equity firm based in Russia. It invests on early venture, acquisitions, buy-outs, growth capital, later-stage, mid-market, and medium-sized enterprises that operate in sectors such as natural resource extraction, particularly oil and gas; competitive industrial companies that operate in local or export markets; mass media and telecommunications; utilities; construction materials; specialty manufacturing; real estate development; residential real estate development; internet; software; retail; and service management. Baring Vostok Capital Partners was founded in 1994 and is based in Moscow, Russia with additional offices in Limassol, Cyprus and Gernsi, Channel Islands.

Vagan Abgaryan

Partner

GA

Galia Amirova

Investor Relations Manager

Dmitry Baburin

Partner

AB

Alexander Baumgaertner

Investment Director

David Bernstein

Partner

Michael (Mike) Calvey

Senior Partner; Director of Baring Private Equity International

Andrey Costyashkin

Baring Vostok Manager Holding Limited, Director

PD

Phillipe Delpal

Industry Partner for Financial Services

AD

Alexander Drozdkov

Investment Director

AI

Alexander Isaev

Investment Manager

Dmitry Kamensky

Partner

Gabbas Kazhimuratov

Partner and CFO

ML

Maxim Loginov

Partner

Ekaterina Lukyanova

Partner

Tav Morgan

Industry Partner of Natural Resources

HN

Holly Nielsen

Director of Baring Vostok Fund Managers Limited

Konstantin Povstyanoy

Partner

DS

Dmitry Salamatov

Investment Manager

OS

Oxana Samsanova

Investor Relations Manager

Alexander Tyapin

Investment Director

Vadim Uzberg

Partner

VV

Vasily Veldyaksov

Investment Director

MV

Matvey Vinokurov

Investment Director

IZ

Ivan Zyuzin

Investment Director

60 past transactions

CTC Media, Inc

Private Equity Round in 2002
CTC Media, Inc., through its 25% interest in CTC Investments LLC, operates television channels in Russia and Kazakhstan. It operates four television channels in Russia, including CTC, Domashny, Che, and CTC Love; and an international version of Peretz channel and Channel 31 in Kazakhstan. The company also owns various digital entertainment media assets, such as videomore.ru, ctc.ru, domashniy.ru, chetv.ru, ctclove.ru, and CarambaTV. CTC Media, Inc. was founded in 1989 and is based in Moscow, Russia.

Jiffy grocery

Seed Round in 2021
Jiffy is an online supermarket. We deliver grocery goods for 15 minutes. Quality products and essentials from brands you love, on your doorstep in minutes. Fresh produce and brands you love

Sravni.ru

Secondary Market in 2020
Sravni.ru mission - to help people make the right choices and achieve financial goals. Sravni.ru services and advice to help choose the financial and insurance products, such as deposits, loans, credit cards or pick up the hull and CTP. And also achieve major life goals such as buying an apartment or investment in the future.

BlaBlaCar

Private Equity Round in 2016
BlaBlaCar is the world’s leading long-distance carpooling community, connecting people looking to travel long distances with drivers going the same way. They travel together and share the costs of the journey. The platform is engineered to create a secure, trust-based community with declared identities and full member profiles. Members can even specify how chatty they are from “Bla” to “BlaBlaBla”, hence the name BlaBlaCar. BlaBlaCar is creating a global people-powered network with a trusted community of drivers and passengers. Backed by Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok and ISAI, it operates in 22 countries across Europe, Russia, Turkey, Mexico, Brazil and India. The site and free mobile apps provide a range of features to create a secure, trust-based community and easy connections between drivers and passengers. BlaBlaCar is based in Paris with offices across a dozen of countries.

EBAC CURSOS ONLINE

Series A in 2021
EBAC Cursos Online is fast growing edutech company in Brazil. The company sells more than 20 courses in design, coding, marketing, data science to more than 1000 students every month. Students choose EBAC for high relevance of courses and close collaboration with industry leaders.

Kodland

Series A in 2022
Kodland is an Online programming school for children 8-17 years old.

Avito

Series B in 2012
Avito operates the online trading community Avito.ru. It provides advertising and marketing services. Avito offers a web based platform for free online classified advertisements in Russia. Buyers and sellers use its line of business for the exchange of products and services such as coins, collectibles, computers, memorabilia, stamps and toys, as well as concert and sporting tickets. Jonas Nordlanderr and Filip Engelbert founded Avito in 2007. Its headquarters is in Moscow in the Russian Federation.
ElectroNeek is a robotic process automation platform that comes with an unlimited number of free bot licenses and a built-in orchestrator. It lets clients automate hundreds of attended and unattended processes and run them concurrently at no cost, paying only for developer seats. Its patent-pending 'Voodoo Interfaces' lets users automatically fix bots when UI of automated environment changes, significantly decreasing the need for costly maintenance of RPA solutions. It also provides a set of visual tools to make RPA heavy-lifting, like browser automation to OCR, easy for business users (Citizen Automators) and junior IT professionals. The company was founded in 2018 and is headquartered in San Francisco, California.

Yandex LLC

Venture Round in 2009
Yandex is a multinational technology company that provides internet-related services and operates a search engine platform in Russia. It is one of the largest internet companies in Europe, operating Russia’s most popular search engine and its most visited website. According to LiveInternet, for the three months ended September 30, 2015, they generated 57.1% of all search traffic in Russia. They also operate in Ukraine, Kazakhstan, Belarus, and Turkey.

Profi.ru

Acquisition in 2016
profi.ru operates an online marketplace that allows users to find freelancers and professionals in categories such as tutors, doctors, beauty masters, artists and musicians, handymen, personal trainers, and driving instructors. The company was founded in 2005 and is based in Moscow, Russia.

Smart city

Seed Round in 2021
Smart City implements a software package for taxis and drivers working with the largest aggregators allowing them increase profits by 20% and cut costs. It also provides 24-hour dispatch service, monitoring the activity of drivers, the situation in the city, the concentration of orders.

ivi, Inc.

Series D in 2021
Ivi is a Russia-based video-on-demand platform that brings the traditional television experience online with a free video player that is secure, scalable, portable (accessible by any internet connected computer), and flexible for both broadcasters and viewers. Ivi creates opportunities for desktop and independent content producers to create live streaming channels. ivi also provides mainstream broadcasters with new audiences and revenue opportunities.

Jiffy grocery

Series A in 2021
Jiffy is an online supermarket. We deliver grocery goods for 15 minutes. Quality products and essentials from brands you love, on your doorstep in minutes. Fresh produce and brands you love

TONIK

Series A in 2021
TONIK provides retail financial products, including deposits, loans, current accounts, payments, and cards on a highly secure digital banking platform.

CarPrice

Venture Round in 2020
CarPrice operates an online site for buying cars and offers instant online car valuations and inspection, and paperwork related services. The company is based in Russia.

Food Rocket

Seed Round in 2021
Food Rocket is an application that provides customers with on-demand 10-15 minute free grocery delivery. The company's service is currently available in San Francisco but intends to open 150 dark stores on the West Coast that is capable of servicing at least 25,000 households. Food Rocket was founded by Vitaly Alexandrov and is headquartered in Palo Alto, California.

Skyeng

Venture Round in 2020
Skyeng - an interactive online school learning English, which helps people set themselves the specific life goals, achieve them in the learning process. We are aiming to make learning convenient and efficient, interesting and fascinating to our students. In order to realize all our ideas, we put together a bright team in which each participant makes an important contribution to the development of the school.

Synergetic

Private Equity Round in 2020
Synergetic provides household chemicals. The company offers products in various categories, such as toothpaste, dishes, dishwasher, washing, air conditioning, bleach, stain remover, liquid soap, plates, plumbing, the floor, glass, pipes, and sets. The company is based in Nizhny Novgorod, Russia.

Monopoly.Online

Series A in 2019
Digital on-demand platform for shippers, carriers, and drivers with a wide range of services within one ecosystem. We help carriers with hassle-free orders and shippers with easy money-back tenders as well as provide fast payment and mailing services. Day-to-day we make our carriers and drivers more efficient with fuel and HoReCa programs. We ship responsibly.

OZON.ru

Series B in 2007
Ozon Ltd. operates as an Internet retailer. The company offers clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, goods for children, pharmacy products, hobbies and creativity products, beauty and health products, sports and recreation products, furniture and interiors, food, pet products, auto products, goods for country, office stationery, antiques, vintage products, art products, products for adults, gift certificates, music, video, and games and software. It also sells its products through mail-orders. The company serves customers in Russia, the United States, Israel, Canada, and Germany. It maintains a distribution center in Tver, Russia. The company was founded in 1998 and is based in Moscow, Russia. Ozon Ltd. operates as a former subsidiary of Direct Group Corporation.

CarPrice

Series B in 2015
CarPrice operates an online site for buying cars and offers instant online car valuations and inspection, and paperwork related services. The company is based in Russia.

Enforta Limited

Series C in 2008
Enforta uses a variety of technologies (including WiMAX) to offer Russians internet, telephone, VPN and custom telecom/IT solutions. The company serves more than 7000 clients in 18 cities of Russia. Complete service packages including both voice and data services start at $20 per month. In December of 2003 Enforta acquired ZAO Prestige Internet and in 2005 they acquired OOO Evgenia. Later in 2005 the company launched its first wireless broadband services. The name "Enforta" is derived from the Latin word "forte" (strong) and the English word "enforce" (to strengthen), which makes sense since the company is trying to "strengthen" customer communications.

Tealsy

Series A in 2019
Tealsy is a Moscow-based startup that brings together e-shoppers, retail networks, and suppliers by providing a single online platform where they can meet one another to trade food products.

Gett, Inc.

Series E in 2018
Gett is a leading ground travel platform for businesses. We are transforming corporate travel with our mobility software, putting clients' prefered ride-hailing apps and car services onto one SaaS platform. By optimising the entire experience - from booking and riding to automatic invoicing and insightful analytics - Gett typically saves clients 25% on their global ground travel costs. Gett launched one of the first-ever on-demand B2B mobility services in 2010. Our advanced technology makes business ground travel simpler, safer, and more efficient. Gett’s software powers, among other clients, a third of the Fortune 500 We believe in a future where our software helps businesses thrive, by empowering people to be their best on the go.

Enforta Limited

Series B in 2005
Enforta uses a variety of technologies (including WiMAX) to offer Russians internet, telephone, VPN and custom telecom/IT solutions. The company serves more than 7000 clients in 18 cities of Russia. Complete service packages including both voice and data services start at $20 per month. In December of 2003 Enforta acquired ZAO Prestige Internet and in 2005 they acquired OOO Evgenia. Later in 2005 the company launched its first wireless broadband services. The name "Enforta" is derived from the Latin word "forte" (strong) and the English word "enforce" (to strengthen), which makes sense since the company is trying to "strengthen" customer communications.

Skyeng

Private Equity Round in 2018
Skyeng - an interactive online school learning English, which helps people set themselves the specific life goals, achieve them in the learning process. We are aiming to make learning convenient and efficient, interesting and fascinating to our students. In order to realize all our ideas, we put together a bright team in which each participant makes an important contribution to the development of the school.

Center of Financial Technologies, Inc.

Private Equity Round in 2006
Center of Financial Technologies, Inc. operates a platform and develops information technology solutions for the finance sector and other industries. The company designs, develops, and replicates solutions for credit and financial organizations, including processing services and trainings for bank employees. Its customers include banks with business in the Russia, banks of the CIS countries, and the Russian retail networks. The company was founded in 1991 and is based in Novosibirsk, Russia with additional offices in Moscow, Yekaterinburg, and St. Petersburg, Russia; Almaty, Kazakhstan; and Chisinau, Moldova.

Mamsy

Venture Round in 2014
Mamsy operates as an online shopping portal for moms, kids, and babies. The company offers clothing for babies and girls that includes dresses and skirts, body and sandpipers, pajamas, outwears, and shorts and trousers. It also offers clothing for newborns, boys, adults, and pregnant women. Additionally, the company provides household products, shoes and accessories, games and toys, care and hygiene products. The company sells its products through its online platform. Mamsy was founded in 2011 and is based in Moscow, Russia.

Veon

Private Equity Round in 1994
Veon is an international communications and technology company, headquartered in Amsterdam, and driven by a vision to unlock new opportunities for customers as they navigate the digital world. Present in some of the world’s most dynamic markets, Veon provides more than 200 million customers with voice, fixed broadband, data and digital services. Veon’s heritage as a pioneer in technology is the driving force behind a major transformation focused on bringing the digital world to each and every customer. Veon offers services to customers in 14 markets including Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia, Laos, and Zimbabwe.

Yandex LLC

Series A in 2000
Yandex is a multinational technology company that provides internet-related services and operates a search engine platform in Russia. It is one of the largest internet companies in Europe, operating Russia’s most popular search engine and its most visited website. According to LiveInternet, for the three months ended September 30, 2015, they generated 57.1% of all search traffic in Russia. They also operate in Ukraine, Kazakhstan, Belarus, and Turkey.

InfiNet Wireless Limited

Private Equity Round in 2005
InfiNet Wireless is in a unique position, being one of the largest privately owned Broadband Wireless Access (BWA) development and manufacturing companies in the world. Since its foundation, InfiNet Wireless has maintained consistent, organic growth primarily through its technology innovation and its ability to deliver complete customer satisfaction - no matter what. By listening to its customers over the past 20 years and using their feedback and expertise in their research and product development, they have created a range of fixed wireless connectivity solutions that are a perfect fit - and therefore a natural choice - for global communication providers, corporations and governments who require uncompromised connectivity.

1C Company

Private Equity Round in 2011
Founded in 1991 1C Company specializes in distribution, publishing, and development of mass-market software for the automation of various business processes. 1C has become the leading publisher and distributor of computer games in Eastern and Central Europe. At present more than 10 000 dealers from 600 cities of 25 countries cooperate with 1C. About 7500 teams constitute the 1C:Franchising partner network, which is the main channel of value-adding for 1C products. Service-partners provide regular information and tech support for 1C software customers. The network of authorized training centers is also operating. There are 280 1C:Multimedia software retail shops of the franchising chain, specialized in sales of home products. 1C is the official distributor of such world-famous vendors as Microsoft, Novell, Borland, Symantec, ABBYY, Kaspersky Lab, ProMT, Eset Software and over 100 other software vendors. 1C offers more than 10 000 titles of software for office and home use.

Busfor sp. z o.o.

Venture Round in 2017
Busfor streamlines the bus transportation industry by developing technological solutions that connect bus operators and carriers with online and offline customers. Having acquired and managing inventory from over 7,000 operators, Busfor provides passengers with a convenient way to search, compare and purchase tickets at the Busfor website, mobile app or through more than 600 partners.

Novomet

Venture Round in 2011
Novomet-Perm JSC designs, engineers, and manufactures electrical submersible pumps and technology to the oil and gas industry. The company was founded in 1991 and is based in Katy, Texas. Novomet USA Inc. operates as a subsidiary of Novomet-Perm JSC.

ivi, Inc.

Series C in 2019
Ivi is a Russia-based video-on-demand platform that brings the traditional television experience online with a free video player that is secure, scalable, portable (accessible by any internet connected computer), and flexible for both broadcasters and viewers. Ivi creates opportunities for desktop and independent content producers to create live streaming channels. ivi also provides mainstream broadcasters with new audiences and revenue opportunities.

DOC+

Series A in 2017
DOC+ develops an application for the patients to connect with doctors for treatment. The company was founded in 2015 and is based in Moscow, Russia. As of August 27, 2020, DOC+ operates as a subsidiary of Doctor Ryadom.

2GIS

Series B in 2015
2GIS is an international technology company that develops services for a comfortable life in the city. 2GIS’s mission is to help people to live in the city. One of the ten most expensive companies of the Russian Internet according to Forbes (2018). The main product of the company is the city information service 2GIS that brings together map, navigator and business directory and has over 42 million monthly active users. The service covers more than 350 cities in 9 countries. 2GIS is available for free on 2gis.com and in the mobile applications for iOS, Android.

Sorsdata OOO

Venture Round in 2017
Sorsdata OOO offers consumer marketing and analytics. It combines proprietary data with analytics capabilities to work with Russian merchants to improve their customer communication, loyalty, and store performance. Sorsdata OOO is based in Moscow, Russia.

Revo Technologies

Series B in 2017
Revo Technologies is a leading fintech company in Russia and Central Europe. Revo specializes in onmni-channel store financing solutions for leading merchants in the region, making it easy and convenient for millions of shoppers to buy now pay later.

Kolesa

Venture Round in 2014
Kolesa is an online automotive and real estate classifieds projects in Kazakhstan.

Tinkoff Digital

Series C in 2012
Tinkoff Digital - an innovative company created to run the project on the internet and mobile environments. The main area of ​​interest of the company - advertising technologies, online projects and mobile applications.

Profi.ru

Venture Round in 2015
profi.ru operates an online marketplace that allows users to find freelancers and professionals in categories such as tutors, doctors, beauty masters, artists and musicians, handymen, personal trainers, and driving instructors. The company was founded in 2005 and is based in Moscow, Russia.

DOC+

Series A in 2016
DOC+ develops an application for the patients to connect with doctors for treatment. The company was founded in 2015 and is based in Moscow, Russia. As of August 27, 2020, DOC+ operates as a subsidiary of Doctor Ryadom.

ER-Telecom

Private Equity Round in 2010
ER-Telecom provides telecom services to businesses and individuals in Russia. The company provides triple-play services, including broadband Internet access, cable and HD-television (TV), and landline communication. Its services include for individuals include home Internet, cable television, and home phone; and services for businesses include high-speed Internet access, video surveillance, video conferencing, videoconferencing, technological data transfer—telephony, and cable TV.

Busfor sp. z o.o.

Series B in 2016
Busfor streamlines the bus transportation industry by developing technological solutions that connect bus operators and carriers with online and offline customers. Having acquired and managing inventory from over 7,000 operators, Busfor provides passengers with a convenient way to search, compare and purchase tickets at the Busfor website, mobile app or through more than 600 partners.

Beeline

Post in 2001
Leading mobile operators in Russia

Karo Film Management OOO

Venture Round in 2012
Karo Film Management OOO provides motion picture exhibition services. Additionally, the company owns and operates multiplexes. The company was founded in 1997 and is based in Moscow, Russia.

OZON.ru

Series A in 2000
Ozon Ltd. operates as an Internet retailer. The company offers clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, goods for children, pharmacy products, hobbies and creativity products, beauty and health products, sports and recreation products, furniture and interiors, food, pet products, auto products, goods for country, office stationery, antiques, vintage products, art products, products for adults, gift certificates, music, video, and games and software. It also sells its products through mail-orders. The company serves customers in Russia, the United States, Israel, Canada, and Germany. It maintains a distribution center in Tver, Russia. The company was founded in 1998 and is based in Moscow, Russia. Ozon Ltd. operates as a former subsidiary of Direct Group Corporation.

OZON.ru

Venture Round in 2018
Ozon Ltd. operates as an Internet retailer. The company offers clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, goods for children, pharmacy products, hobbies and creativity products, beauty and health products, sports and recreation products, furniture and interiors, food, pet products, auto products, goods for country, office stationery, antiques, vintage products, art products, products for adults, gift certificates, music, video, and games and software. It also sells its products through mail-orders. The company serves customers in Russia, the United States, Israel, Canada, and Germany. It maintains a distribution center in Tver, Russia. The company was founded in 1998 and is based in Moscow, Russia. Ozon Ltd. operates as a former subsidiary of Direct Group Corporation.

ivi, Inc.

Venture Round in 2012
Ivi is a Russia-based video-on-demand platform that brings the traditional television experience online with a free video player that is secure, scalable, portable (accessible by any internet connected computer), and flexible for both broadcasters and viewers. Ivi creates opportunities for desktop and independent content producers to create live streaming channels. ivi also provides mainstream broadcasters with new audiences and revenue opportunities.

OZON.ru

Debt Financing in 2019
Ozon Ltd. operates as an Internet retailer. The company offers clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, goods for children, pharmacy products, hobbies and creativity products, beauty and health products, sports and recreation products, furniture and interiors, food, pet products, auto products, goods for country, office stationery, antiques, vintage products, art products, products for adults, gift certificates, music, video, and games and software. It also sells its products through mail-orders. The company serves customers in Russia, the United States, Israel, Canada, and Germany. It maintains a distribution center in Tver, Russia. The company was founded in 1998 and is based in Moscow, Russia. Ozon Ltd. operates as a former subsidiary of Direct Group Corporation.

Revo Technologies

Funding Round in 2018
Revo Technologies is a leading fintech company in Russia and Central Europe. Revo specializes in onmni-channel store financing solutions for leading merchants in the region, making it easy and convenient for millions of shoppers to buy now pay later.

OZON.ru

Secondary Market in 2019
Ozon Ltd. operates as an Internet retailer. The company offers clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, goods for children, pharmacy products, hobbies and creativity products, beauty and health products, sports and recreation products, furniture and interiors, food, pet products, auto products, goods for country, office stationery, antiques, vintage products, art products, products for adults, gift certificates, music, video, and games and software. It also sells its products through mail-orders. The company serves customers in Russia, the United States, Israel, Canada, and Germany. It maintains a distribution center in Tver, Russia. The company was founded in 1998 and is based in Moscow, Russia. Ozon Ltd. operates as a former subsidiary of Direct Group Corporation.

Voximplant

Series B in 2019
Voximplant Cloud can be scaled according to your needs. You can be sure that everything is functioning properly (even if the load suddenly increases when your app goes viral). It's their responsibility to take care of maintenance, updates, and uptime, and they take that responsibility very seriously.

Gett, Inc.

Series D in 2014
Gett is a leading ground travel platform for businesses. We are transforming corporate travel with our mobility software, putting clients' prefered ride-hailing apps and car services onto one SaaS platform. By optimising the entire experience - from booking and riding to automatic invoicing and insightful analytics - Gett typically saves clients 25% on their global ground travel costs. Gett launched one of the first-ever on-demand B2B mobility services in 2010. Our advanced technology makes business ground travel simpler, safer, and more efficient. Gett’s software powers, among other clients, a third of the Fortune 500 We believe in a future where our software helps businesses thrive, by empowering people to be their best on the go.

OZON.ru

Convertible Note in 2020
Ozon Ltd. operates as an Internet retailer. The company offers clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, goods for children, pharmacy products, hobbies and creativity products, beauty and health products, sports and recreation products, furniture and interiors, food, pet products, auto products, goods for country, office stationery, antiques, vintage products, art products, products for adults, gift certificates, music, video, and games and software. It also sells its products through mail-orders. The company serves customers in Russia, the United States, Israel, Canada, and Germany. It maintains a distribution center in Tver, Russia. The company was founded in 1998 and is based in Moscow, Russia. Ozon Ltd. operates as a former subsidiary of Direct Group Corporation.

Gallery Media Group

Private Equity Round in 2005
Gallery Media Group one of the largest outdoor advertising operators in Russia. In the company's management there are more than 50 000 own advertising surfaces in 90 cities of Russia. The operator provides services for the production and placement of outdoor advertising on the streets of Moscow.

DOC+

Series B in 2018
DOC+ develops an application for the patients to connect with doctors for treatment. The company was founded in 2015 and is based in Moscow, Russia. As of August 27, 2020, DOC+ operates as a subsidiary of Doctor Ryadom.