Baring Vostok Capital Partners

Baring Vostok Capital Partners Limited is a private equity and venture capital firm established in 1994, with its headquarters in Moscow, Russia, and additional offices in Limassol, Cyprus, and Guernsey, Channel Islands. The firm focuses on a diverse range of investment opportunities, including early venture, acquisitions, buyouts, and growth capital across various sectors. These sectors include natural resource extraction, particularly oil and gas, industrial companies, mass media, telecommunications, utilities, construction materials, specialty manufacturing, real estate development, internet, software, retail, and service management. Baring Vostok Capital Partners aims to support medium-sized enterprises and offers funding at various stages of business development, from seed-stage to later-stage investments.

Vagan Abgaryan

Partner

Dzhuni Astor

Investment Manager

Jean Michel Broun

Partner

Philippe Delpal

Industry Partner, Financial Services

Ivashentseva Elena

Senior Partner

Dmitry Kamensky

Partner

Gabbas Kazhimuratov

Partner and CFO

Maxim Loginov

Partner

Konstantin Povstyanoy

Partner

Igor Samsonov Ph.D

Partner, Leveraged Finance

Julian Timms

Director

Alexander Tyapin

Investment Director

Vadim E. Uzberg

Partner

Vasily Veldyaksov

Investment Director

Matvey Vinokurov

Investment Director

Nikolay Zubtsov

Investment Professional

62 past transactions

Evaa Protocol

Initial Coin Offering in 2025
The first decentralized lending protocol on TON that lets users lend or borrow assets without going to a centralized intermediary.

Kodland

Series A in 2022
Kodland is an online digital skills school that caters to children aged 6 to 17 years. The company specializes in providing a range of programming courses, including visual programming, project informatics, game development, introductory Python, and website development. By offering these courses, Kodland aims to make learning engaging and enjoyable, allowing children to acquire essential digital skills in a virtual environment. This approach not only fosters creativity but also prepares young learners for the increasingly digital world.

Mindbox.cloud

Private Equity Round in 2021
The platform works in real-time and enables brands to run complex omnichannel campaigns, personalized promotions, web and mobile personalization using a single comprehensive tool.

Jiffy Grocery

Series A in 2021
Jiffy is an online supermarket with an ultrafast delivery service founded in 2020 and based in London. Jiffy's mission is to transform customers’ online grocery shopping experience to make it faster and more convenient to get the products they need when they need them. Its on-demand delivery service offers a wide selection of fresh produce, meals, and household essentials sourced from popular brands and local suppliers at retail prices. The company uses a network of smart fulfillment centers, known as cloud stores, which are dedicated to serving the needs and are tailored to the tastes of local communities.

EBAC Online

Series A in 2021
EBAC Cursos Online is a fast-growing edutech company in Brazil. The company provides more than 50 courses in design, coding, marketing, data science to more than 15 thousand paying students. Students choose EBAC for the high relevance of courses and close collaboration with industry leaders.

Getcourse.ru

Venture Round in 2021
Getcourse.ru is a cloud-based sales and training platform for seminars, training, courses, face-to-face, and online classes. The company is developing trainings, establishes a foundation, accepts payments via its payment module, and manages processes quickly and easily. The platform uses different content formats to increase student engagement: audio, video, text, PDF instructions, infographics, etc. It has its own Payment module that allows accepting payments from students without requiring them to connect to third-party services. There are no additional settings or integrations required; everything needs to accept payments is already available on the platform.

Level Travel

Venture Round in 2021
Level Travel operates an online platform that facilitates the booking of tours, allowing users to find and purchase travel packages at competitive prices. The platform enables customers to search for various destinations and offers options for booking flight tickets, hotels, and local sightseeing activities. Additionally, Level Travel provides round-the-clock customer support to assist travelers throughout the booking process, ensuring a seamless experience from start to finish.

ElectroNeek

Series A in 2021
ElectroNeek is an intelligent automation platform based in Austin, Texas, founded in 2019. The company specializes in empowering Managed Service Providers (MSPs) and their clients by offering advanced low-code automation tools. Its technology facilitates the seamless automation of business processes, allowing organizations of all sizes to easily transform process descriptions into executable workflows. By leveraging innovative technologies such as Robotic Process Automation (RPA), Intelligent Document Processing (IDP), and AI, including conversational and generative capabilities, ElectroNeek provides a comprehensive solution for enhancing operational efficiency and streamlining tasks within various business environments.

ivi

Series D in 2021
ivi.ru Media Ltd. operates an online video and cinema platform in Russia, providing a wide range of content that includes movies, television series, shows, cartoons, and music videos. Founded in 2007 and based in Moscow, the platform offers a video-on-demand service that enhances the traditional television experience by allowing users to access content through a secure, scalable, and portable online player. ivi creates opportunities for both independent content producers and mainstream broadcasters by enabling live streaming channels and expanding audience reach. The company focuses on delivering licensed professional content, allowing users to enjoy premium video offerings at no cost.

Muver

Seed Round in 2021
Muver is a mobile application designed for rideshare and delivery drivers, enabling them to manage multiple services such as Uber, Lyft, Uber Eats, DoorDash, Grubhub, and Instacart from a single platform. The application automates the process of switching between different services, allowing drivers to accept trips seamlessly while minimizing idle time. By optimizing their workflow, Muver helps drivers enhance their productivity and potentially increase their earnings by up to 30%. This streamlined approach reduces distractions from manual app switching, enabling drivers to focus on their work and maximize their income.

Food Rocket

Seed Round in 2021
Food Rocket is a grocery delivery startup established in 2021 that focuses on rapid deliveries, promising to bring products to customers' doors within 15 minutes of placing an order. The company utilizes AI-driven technologies to efficiently manage warehouse inventory, forecast demand, and optimize delivery logistics by identifying the nearest store to fulfill orders swiftly and cost-effectively. Food Rocket differentiates itself by offering a delivery platform that imposes no delivery fees or minimum order requirements, enhancing convenience for users. The startup aims to encourage a shift in consumer behavior from bulk purchasing to more frequent, smaller shopping trips for everyday necessities. With a team that has a strong background in on-demand grocery delivery and multiple ventures in digital marketing and food retail, Food Rocket employs over 250 individuals and competes against established players like DoorDash and Amazon Fresh.

Jiffy Grocery

Seed Round in 2021
Jiffy is an online supermarket with an ultrafast delivery service founded in 2020 and based in London. Jiffy's mission is to transform customers’ online grocery shopping experience to make it faster and more convenient to get the products they need when they need them. Its on-demand delivery service offers a wide selection of fresh produce, meals, and household essentials sourced from popular brands and local suppliers at retail prices. The company uses a network of smart fulfillment centers, known as cloud stores, which are dedicated to serving the needs and are tailored to the tastes of local communities.

SkyEng

Venture Round in 2020
Skyeng is an online English language school founded in 2012 and based in Cheboksary, Russia. The company specializes in providing virtual classrooms that facilitate language learning through interactive courses. Skyeng aims to make the learning experience convenient and engaging, allowing students to set specific life goals and achieve them through tailored education. The school emphasizes the importance of a collaborative team environment, where each member contributes to the development and enhancement of its educational offerings, ultimately striving to create a brighter and more effective learning experience for its students.

Sravni.ru

Secondary Market in 2020
Sravni.ru operates a financial products comparison platform aimed at helping individuals make informed decisions to achieve their financial goals. The platform provides independent and impartial comparisons of various financial and insurance products, including bank deposits, loans, credit cards, and insurance options. Sravni.ru updates its offerings daily, ensuring that users have access to the most current information, which is verified by a team of independent experts and analysts. This service is designed to assist users in selecting the most suitable financial products for their needs, facilitating significant life goals such as purchasing an apartment or making future investments.

Synergetic

Private Equity Round in 2020
Synergetic is a manufacturer based in Nizhny Novgorod, Russia, specializing in ecological household chemicals and cosmetics. The company offers a diverse range of products, including detergents for various applications such as toothpaste, dishwashing, laundry, and surface cleaning. Additionally, Synergetic produces items for air conditioning, plumbing, and stain removal, as well as liquid soaps and other cleaning solutions. The focus on ecological products reflects a commitment to sustainability and environmental responsibility in its offerings.

Ozon Holdings

Convertible Note in 2020
Ozon Ltd. operates as an Internet retailer. The company offers product categories, such as clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, children's products, 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.ru

Venture Round in 2020
CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

Voximplant

Series B in 2019
Voximplant is a developer of web-based VoIP applications that enables seamless voice calling through browsers without the need for physical phones. The company's multifunctional serverless platform allows developers to create scalable applications at low costs, facilitating voice calls directly from web pages on various devices. Voximplant Cloud is designed for flexibility and can be scaled to meet the demands of increasing user loads, ensuring reliable performance even during surges in activity. The company takes responsibility for maintenance, updates, and ensuring uptime, emphasizing their commitment to providing a dependable service for clients.

Monopoly.Online

Series A in 2019
Digital freight network for shippers, carriers, and drivers with a wide range of services within one ecosystem. We help carriers with hassle-free load orders and shippers with easy-going quick payments, fuel as well as other services (from parking to tire services). All could be managed via our virtual Monopoly.Wallet.

Ozon Holdings

Secondary Market in 2019
Ozon Ltd. operates as an Internet retailer. The company offers product categories, such as clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, children's products, 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.

Tealsy

Series A in 2019
Tealsy is a Moscow-based startup that has developed an online platform for the buying and selling of grocery products. This marketplace connects e-shoppers, retail networks, and suppliers, allowing them to engage in trade efficiently. The platform enables buyers to compare prices from various sellers, assess product quality, and check product availability while placing orders. By streamlining the trading process, Tealsy aims to optimize costs for retail participants in the grocery sector.

ivi

Series C in 2019
ivi.ru Media Ltd. operates an online video and cinema platform in Russia, providing a wide range of content that includes movies, television series, shows, cartoons, and music videos. Founded in 2007 and based in Moscow, the platform offers a video-on-demand service that enhances the traditional television experience by allowing users to access content through a secure, scalable, and portable online player. ivi creates opportunities for both independent content producers and mainstream broadcasters by enabling live streaming channels and expanding audience reach. The company focuses on delivering licensed professional content, allowing users to enjoy premium video offerings at no cost.

Ozon Holdings

Debt Financing in 2019
Ozon Ltd. operates as an Internet retailer. The company offers product categories, such as clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, children's products, 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.

DOC+

Series B in 2018
DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

Gett

Series E in 2018
Gett, Inc. is a technology platform specializing in on-demand corporate ground transportation management. Founded in 2010 and headquartered in London, the company offers a cloud-based software solution that connects businesses with a wide range of transportation providers, including corporate fleets, ride-hailing services, taxis, and limousines. This integrated platform streamlines the management of transportation expenses, enhancing the overall employee experience from booking to invoicing and analytics. Gett operates in multiple countries, including the United Kingdom, the United States, and Russia, and has established partnerships, notably with The Volkswagen Group. With a workforce of over 800 employees, Gett aims to set a new standard in corporate ground transportation, much like the impact of leading communication platforms in their respective fields.

Mokka

Funding Round in 2018
Mokka is a fintech company that focuses on providing buy now pay later solutions to merchants in both online and traditional retail environments. Operating primarily in Central and Eastern European markets, including Poland, Romania, and Bulgaria, Mokka aims to facilitate accessible payment options for consumers while supporting businesses in enhancing their sales and customer engagement. The company also offers fundraising and loan services as part of its microfinance initiatives, positioning itself as a versatile player in the financial technology landscape. Through these services, Mokka seeks to empower both merchants and consumers by making financing more manageable and affordable.

Ozon Holdings

Venture Round in 2018
Ozon Ltd. operates as an Internet retailer. The company offers product categories, such as clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, children's products, 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.

SkyEng

Private Equity Round in 2018
Skyeng is an online English language school founded in 2012 and based in Cheboksary, Russia. The company specializes in providing virtual classrooms that facilitate language learning through interactive courses. Skyeng aims to make the learning experience convenient and engaging, allowing students to set specific life goals and achieve them through tailored education. The school emphasizes the importance of a collaborative team environment, where each member contributes to the development and enhancement of its educational offerings, ultimately striving to create a brighter and more effective learning experience for its students.

Busfor

Venture Round in 2017
Busfor is a company that enhances the bus transportation sector by offering a comprehensive online ticketing platform. It connects bus operators and carriers with both online and offline customers, facilitating the search, comparison, and purchase of bus tickets. With inventory from over 7,000 operators, Busfor allows passengers to conveniently book tickets through its website, mobile app, or via more than 600 partner locations. The platform is designed by experienced professionals and IT specialists to ensure users can access competitive pricing while streamlining the booking process.

DOC+

Series A in 2017
DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

Mokka

Series B in 2017
Mokka is a fintech company that focuses on providing buy now pay later solutions to merchants in both online and traditional retail environments. Operating primarily in Central and Eastern European markets, including Poland, Romania, and Bulgaria, Mokka aims to facilitate accessible payment options for consumers while supporting businesses in enhancing their sales and customer engagement. The company also offers fundraising and loan services as part of its microfinance initiatives, positioning itself as a versatile player in the financial technology landscape. Through these services, Mokka seeks to empower both merchants and consumers by making financing more manageable and affordable.

Sorsdata

Venture Round in 2017
Sorsdata OOO is a Moscow-based company that specializes in consumer marketing and analytics. The firm utilizes proprietary data and advanced analytics to assist Russian merchants in enhancing customer communication, fostering loyalty, and improving overall store performance. By leveraging its unique insights, Sorsdata aims to optimize the retail experience for both businesses and consumers.

Busfor

Series B in 2016
Busfor is a company that enhances the bus transportation sector by offering a comprehensive online ticketing platform. It connects bus operators and carriers with both online and offline customers, facilitating the search, comparison, and purchase of bus tickets. With inventory from over 7,000 operators, Busfor allows passengers to conveniently book tickets through its website, mobile app, or via more than 600 partner locations. The platform is designed by experienced professionals and IT specialists to ensure users can access competitive pricing while streamlining the booking process.

BlaBlaCar

Private Equity Round in 2016
BlaBlaCar is a leading long-distance carpooling community that connects drivers with empty seats to passengers seeking affordable travel options. The platform facilitates shared rides, allowing members to reduce transportation costs and minimize their environmental impact. Users can create detailed profiles and specify their preferred level of conversation during the journey, which fosters a secure and trust-based community. Operating in 22 countries, including various regions in Europe, Russia, Turkey, Mexico, Brazil, and India, BlaBlaCar offers a user-friendly website and mobile applications that streamline the connection between drivers and passengers. Headquartered in Paris, the company has established a global network that emphasizes community trust and shared travel experiences.

DOC+

Series A in 2016
DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

Profi.ru

Acquisition in 2016
Profi.ru is an online marketplace founded in 2005 and based in Moscow, Russia, that connects users with freelancers and professionals across various categories, including tutors, doctors, beauty specialists, artists, musicians, handymen, personal trainers, and driving instructors. The platform facilitates the search for specialized services by providing an integrated feedback mechanism, allowing clients to evaluate and select professionals based on their needs. This service aims to streamline the process of finding qualified individuals, thereby saving clients time and effort in addressing their specific requirements.

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.

CarPrice.ru

Series B in 2015
CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

Profi.ru

Venture Round in 2015
Profi.ru is an online marketplace founded in 2005 and based in Moscow, Russia, that connects users with freelancers and professionals across various categories, including tutors, doctors, beauty specialists, artists, musicians, handymen, personal trainers, and driving instructors. The platform facilitates the search for specialized services by providing an integrated feedback mechanism, allowing clients to evaluate and select professionals based on their needs. This service aims to streamline the process of finding qualified individuals, thereby saving clients time and effort in addressing their specific requirements.

Gett

Series D in 2014
Gett, Inc. is a technology platform specializing in on-demand corporate ground transportation management. Founded in 2010 and headquartered in London, the company offers a cloud-based software solution that connects businesses with a wide range of transportation providers, including corporate fleets, ride-hailing services, taxis, and limousines. This integrated platform streamlines the management of transportation expenses, enhancing the overall employee experience from booking to invoicing and analytics. Gett operates in multiple countries, including the United Kingdom, the United States, and Russia, and has established partnerships, notably with The Volkswagen Group. With a workforce of over 800 employees, Gett aims to set a new standard in corporate ground transportation, much like the impact of leading communication platforms in their respective fields.

Mamsy

Venture Round in 2014
Mamsy is an online shopping portal based in Moscow, Russia, specializing in products for moms, kids, and babies. Founded in 2011, the company features a wide array of offerings, including clothing for newborns, boys, girls, and adults, as well as maternity wear. In addition to apparel, Mamsy provides household items, shoes, accessories, games, toys, and care products. The platform is known for its competitive pricing, often featuring discounts of up to 70%, making quality children's goods more accessible to customers throughout Russia. Mamsy aims to enhance the competitiveness of the Russian market for children's products by providing a convenient and comprehensive online shopping experience.

Kolesa

Venture Round in 2014
Kolesa is an online platform based in Kazakhstan that specializes in automotive and real estate classifieds. The company provides comprehensive online advertising services specifically for the automotive sector, operating both a printed and digital advertising newspaper that highlights significant automotive events locally and internationally. Kolesa functions as a trading platform and an electronic guide for motorists, offering clients a full range of advertising services to facilitate their needs in the automotive market.

ivi

Venture Round in 2012
ivi.ru Media Ltd. operates an online video and cinema platform in Russia, providing a wide range of content that includes movies, television series, shows, cartoons, and music videos. Founded in 2007 and based in Moscow, the platform offers a video-on-demand service that enhances the traditional television experience by allowing users to access content through a secure, scalable, and portable online player. ivi creates opportunities for both independent content producers and mainstream broadcasters by enabling live streaming channels and expanding audience reach. The company focuses on delivering licensed professional content, allowing users to enjoy premium video offerings at no cost.

Avito

Series B in 2012
Avito is a classified advertisements platform based in Moscow, Russia, founded in 2007 by Jonas Nordlander and Filip Engelbert. The platform enables users to buy and sell a wide range of products and services, including used cars, clothing, real estate, collectibles, electronics, and tickets for events. It offers dedicated sections for general goods, jobs, real estate, personal ads, and services, allowing individuals and small to medium-sized businesses to drive sales without incurring fees for ad placement. Avito has become a prominent marketplace in Russia, facilitating the exchange of various items and services among its users.

Tinkoff Bank

Series C in 2012
Tinkoff Bank is an innovative online financial ecosystem that provides a comprehensive range of financial services tailored for individuals and businesses. Central to its offerings is lifestyle banking, which allows customers to manage personal spending, invest savings, earn loyalty bonuses, and access various services such as travel bookings and restaurant reservations, all through its user-friendly mobile applications and website. Operating without physical branches, Tinkoff utilizes a network of smart couriers for product delivery across Russia and offers customer support through online channels and call centers, enhancing accessibility and convenience. The bank employs advanced technologies, including artificial intelligence and machine learning, to optimize customer interactions, with AI handling a significant portion of inquiries efficiently. Most of Tinkoff's products and IT systems are developed in-house, supported by a predominantly IT-focused workforce. Recognized for its excellence in digital banking, Tinkoff has garnered multiple awards for its innovative services and was acknowledged as one of Russia's top employers.

Novomet

Venture Round in 2011
Novomet is a manufacturer specializing in artificial lift equipment and electrical submersible pumps for the oilfield services and energy industries. The company focuses on producing high-capacity oil production equipment designed to operate in challenging conditions, utilizing advanced nanostructured protective coatings made from materials like tungsten carbide, titanium oxide, aluminum oxide, chrome, and molybdenum. Novomet's submersible pumps are recognized for their reliability and energy efficiency, particularly in difficult oil production environments. The company holds a 25% market share in Russia and a 3% share internationally for submersible extractive equipment. In addition to manufacturing, Novomet is developing a global service network to provide comprehensive maintenance and support for electric centrifugal pumps, including assistance with reservoir pressure maintenance and water injection systems, thus addressing the challenges of decreasing oil recovery factors.

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.

ER-Telecom Holding

Private Equity Round in 2010
ER-Telecom Holding is a telecommunications company based in Moscow, Russia, offering a comprehensive range of services to both individuals and businesses. The company specializes in triple-play services, which include broadband Internet access, cable and HD television, and landline communication. For individual customers, ER-Telecom provides home Internet, cable television, and home phone services. Business clients benefit from high-speed Internet access, video surveillance, video conferencing, technological data transfer, and fixed-line telephony, among other tailored solutions. Through its diverse offerings, ER-Telecom aims to meet the communication needs of its diverse customer base across the region.

Yandex

Venture Round in 2009
Yandex is a prominent Russian internet and technology company, recognized for operating the largest search engine in Russia. The company develops a variety of internet-based services and products, leveraging machine learning to enhance user experiences. Its offerings encompass transportation services, navigation products, mobile applications, online advertisements, and translation services. Yandex operates through several segments, including Search and Portal, E-commerce, Mobility and Delivery, Entertainment Services, and Classifieds. The Search and Portal segment, which provides services in Russia, Belarus, and Kazakhstan, is a significant revenue driver. Additionally, Yandex Türkiye focuses on the Turkish internet market, providing popular services such as swift search results, making it the most visited website in Turkey.

Enforta

Series C in 2008
Enforta Limited is a telecommunications company based in Moscow, Russia, specializing in B2B fixed wireless Internet access solutions. Founded in 2003, Enforta provides a range of services that include high-speed Internet access, corporate networking for data communication and telephony, as well as virtual private networks to connect various business locations securely. The company also offers solutions for integrating office communication systems without the need for physical equipment, enabling remote video surveillance, and providing Internet monitoring tools for businesses. With a client base exceeding 7,000 across 18 cities in Russia, Enforta utilizes various technologies, including WiMAX, to deliver comprehensive service packages that encompass both voice and data services. The company's focus is on enhancing communication capabilities for enterprises by offering tailored telecom and IT solutions.

Ozon Holdings

Series B in 2007
Ozon Ltd. operates as an Internet retailer. The company offers product categories, such as clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, children's products, 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.

Center of Financial Technologies

Private Equity Round in 2006
Center of Financial Technologies, Inc. is a company that develops software solutions and platforms for the finance sector and other industries. Established in 1991 and headquartered in Novosibirsk, Russia, the company also maintains offices in Moscow, Yekaterinburg, St. Petersburg, Almaty, Kazakhstan, and Chisinau, Moldova. It specializes in creating and replicating high-tech solutions for credit and financial organizations, offering a variety of processing services and training programs for bank employees. Its clientele includes banks operating in Russia, the CIS countries, and various Russian retail networks.

Enforta

Series B in 2005
Enforta Limited is a telecommunications company based in Moscow, Russia, specializing in B2B fixed wireless Internet access solutions. Founded in 2003, Enforta provides a range of services that include high-speed Internet access, corporate networking for data communication and telephony, as well as virtual private networks to connect various business locations securely. The company also offers solutions for integrating office communication systems without the need for physical equipment, enabling remote video surveillance, and providing Internet monitoring tools for businesses. With a client base exceeding 7,000 across 18 cities in Russia, Enforta utilizes various technologies, including WiMAX, to deliver comprehensive service packages that encompass both voice and data services. The company's focus is on enhancing communication capabilities for enterprises by offering tailored telecom and IT solutions.

InfiNet Wireless

Private Equity Round in 2005
InfiNet Wireless Limited specializes in providing fixed, nomadic, mobile, and public safety wireless connectivity solutions through advanced broadband wireless access and WiMAX technologies. Established in 2003 and headquartered in Moscow, the company offers a diverse range of products, including point-to-point and point-to-multipoint solutions, as well as MESH topology systems with integrated Wi-Fi capabilities. Its equipment supports various applications such as video surveillance, municipal services, and mobile public safety communications. InfiNet Wireless serves a global clientele across multiple sectors, including oil, gas, education, and healthcare, operating in countries such as the United States, Mexico, South Africa, and the United Kingdom. The company has established itself as one of the largest privately owned developers and manufacturers of Broadband Wireless Access systems, maintaining a focus on innovation and customer satisfaction through continuous feedback and product development.

Gallery Media Group

Private Equity Round in 2005
Gallery Media Group is a leading provider of outdoor advertising services based in Moscow, Russia. The company operates over 50,000 advertising surfaces across 90 cities, specializing in the creation, installation, and maintenance of various advertising structures. Its offerings include billboards, outdoor furniture, large-format displays, custom media, and street signs, all tailored to suit the unique architectural and landscape characteristics of each location. Gallery Media Group focuses on delivering effective outdoor advertising solutions, enhancing visibility and engagement for its clients in urban environments.

CTC Media

Private Equity Round in 2002
CTC Media is the leading independent broadcasting company in Russia. The Group owns and operates the CTC, Domashny and Peretz television channels in Russia, as well Channel 31 in Kazakhstan and a TV company in Moldova, and has more than 150 million people within signal reach. The international pay-TV version of the CTC channel is available in North America, Europe, North Africa, the Middle East, Central Asia, Armenia, Georgia, Azerbaijan and Kyrgyzstan. CTC Media also has its own TV content production facilities through its subsidiary Story First Production and a number of digital media assets in Russia.

Golden Telecom

Post in 2001
Beeline Russia is a prominent telecommunications provider based in Russia, offering a wide range of services that include pre and postpaid mobile plans, internet access, and television services. As one of the leading mobile operators in the country, Beeline focuses on delivering reliable communication and entertainment solutions to its customers. The company aims to enhance user experience through innovative technology and customer-centric offerings, solidifying its position in the competitive telecommunications market.

Yandex

Series A in 2000
Yandex is a prominent Russian internet and technology company, recognized for operating the largest search engine in Russia. The company develops a variety of internet-based services and products, leveraging machine learning to enhance user experiences. Its offerings encompass transportation services, navigation products, mobile applications, online advertisements, and translation services. Yandex operates through several segments, including Search and Portal, E-commerce, Mobility and Delivery, Entertainment Services, and Classifieds. The Search and Portal segment, which provides services in Russia, Belarus, and Kazakhstan, is a significant revenue driver. Additionally, Yandex Türkiye focuses on the Turkish internet market, providing popular services such as swift search results, making it the most visited website in Turkey.

Ozon Holdings

Series A in 2000
Ozon Ltd. operates as an Internet retailer. The company offers product categories, such as clothes, shoes, and accessories, books, electronics, household appliances, home and garden products, construction and repair products, children's products, 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.

Veon

Private Equity Round in 1994
VEON Ltd. is a global telecommunications company headquartered in Amsterdam, Netherlands, that provides mobile and fixed-line services across various countries, including Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. The company offers a wide range of voice and data telecommunication services, including mobile internet, multimedia messaging, national and international roaming, and various value-added services. It operates under well-known brands such as Beeline, Kyivstar, Jazz, Djezzy, and banglalink, serving approximately 212 million customers. VEON focuses on leveraging technology to deliver connectivity and digital services, thereby empowering individuals and fostering economic growth in the regions it serves. The company was founded in 1992 and underwent a rebranding from VimpelCom Ltd. to VEON Ltd. in 2017.

Tonik

Tonik is a digital banking company that offers a range of retail financial products, including deposits, loans, current accounts, payments, and cards. Its platform is designed to facilitate secure online financial transactions, providing customers with a highly secure environment for managing their finances. By leveraging technology, Tonik aims to enhance financial liquidity and efficiency, enabling users to save and transact more effectively. The company focuses on delivering innovative banking solutions that cater to the needs of modern consumers.
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