VTB Capital Investment Management

VTB Capital venture business leads the way in the venture capital market in Russia and the CIS. Investing in Russian innovative cutting-edge technology is among VTB Capital’s priorities. Over the past few years VTB Capital venture business has backed over 30 companies in rapidly growing sectors of economy including cloud technologies, artificial intelligence, nanotechnology, energy efficiency, Russian E-commerce and consumer internet. We bet on growing demand for unique technologies and innovative business models specifically tailored for different industries. The long-term partnership with Draper Fisher Jurvetson (DFJ), one of the top global venture firms, plays a key role for VTB Capital venture business. The portfolio companies obtain vital global exposure and the ability to build international partnerships to penetrate foreign markets. VTB Capital believes that the potential of Russian technologies in today’s global economy remains hugely unexplored. We are confident in numerous high-return start-up opportunities originating out of leading Russian scientific research institutions and pioneer IT companies.

Aidar Kaliev

Global Head of Venture Capital

22 past transactions

Ventra Go

Seed Round in 2022
Developer of a media mobile application designed for connecting businesses and a pre-vetted blue-collar workforce. The company's platform offers a determination of the performers according to requirements, assigning them tasks, sending instructions, payment as per the working hours, and closing documents, reports, and analytics, enabling individuals to get work in fields of retail, logistics, and consumer goods temporarily.

Whoosh | WSH Mobility

Seed Round in 2021
Whoosh is an international tech company that independently develops and implements micromobility transport sharing solutions, as well as manages a service of the same name. Whoosh bets on and promotes micromobility, via the use of e-scooters, and for that very reason launched an online driving school. Each e-scooter is equipped with its own Whoosh IoT (Internet of Things) module, which allows you to fully control the vehicle's status and conditions. The data received from the equipment will allow the creation of analytical reports on micro mobility, which can be very useful information for urban authorities responsible for planning and developing environmental policies in the city where it operates.

VUSH

Venture Round in 2021
Whoosh Bike is a provider of a technology-driven mobility platform that offers urban transportation solutions through electric dockless scooters. This innovative approach aims to enhance daily commuting for citizens by providing a clean, efficient, and timely mode of transportation. Utilizing Internet of Things technology, Whoosh Bike has developed a vast network of shared micro mobility vehicles (MMVs) that can be easily rented through a user-friendly mobile application. The pay-per-use business model facilitates convenient access to these scooters, addressing last-mile connectivity challenges and contributing to the reduction of traffic congestion in urban areas.

European Legal Service

Private Equity Round in 2020
European Legal Service offers a full range of traditional legal services.

Avalanche Technology

Series F in 2016
Avalanche Technology, Inc. develops and markets a non-volatile spin transfer torque magnetic random access memory device. It offers its device for applications in mobile (consumer wearable devices), Internet of Things, enterprise storage, computing, networking, telecommunication, automotive, and other industries. Avalanche Technology, Inc. was formerly known as Yadav Technology Inc. The company was incorporated in 2006 and is based in Fremont, California.

RoboCV

Series A in 2015
RoboCV is a company based in Moscow, Russia, specializing in intelligent autopilot systems for the logistics sector. Its flagship product, RoboCV X-MOTION NG, is a multifunctional system designed to automate the movement of pallet goods within warehouses. This system includes an electric pallet truck paired with the RoboCV AUTOPILOT, allowing for offline operation without a driver. The technology supports various logistical operations such as accepting goods, shipping, cross-docking, and order picking. RoboCV primarily serves warehouse operators, retail companies, and other businesses engaged in warehousing, aiming to enhance efficiency by replacing manual labor in routine tasks. Founded in 2012, RoboCV is focused on promoting the adoption of automated navigation systems to improve intra-warehouse logistics and facilitate the use of autonomous devices in transport.

Roberto Cavalli

Acquisition in 2014
Roberto Cavalli S.P.A. designs and manufactures apparel and accessories for men, women, and children. The company provides dresses, cocktail dresses, leather and fur products, blazers, jackets and coats, knitwear, sweaters and T-shirts, trousers, skirts, jeans, kaftans, gym wear, beach wear, underwear, bags and small leather goods, belts, bijoux, jewels, scarves and foulards, sunglasses, and shoes, as well as collections for girls and boys. It markets and sells its products through outlets and stores worldwide, as well as online. The company was founded in 1970 and is based in Milan, Italy.

Webinar

Series A in 2014
Webinar.ru is an online service based in the Russian Federation that enables businesses to conduct virtual events such as seminars, workshops, and conferences. The platform offers a range of features, including video and teleconferencing, presentation sharing, document display, and live surveys, allowing participants to engage in real-time. With the capacity to host events for groups ranging from a few individuals to several thousand, Webinar.ru facilitates marketing, training, sales, and collaboration efforts across diverse sectors. By providing a comprehensive solution for online meetings, the platform supports businesses in enhancing communication and reaching a global audience effectively.

NAO National Satellite Co.

Venture Round in 2013
NAO National Satellite Company, founded in 2005 and based in Moscow, Russia, provides satellite and digital television services, including the operation of the Tricolor TV channel. The company offers a range of content such as sports, music, cinema, news, and lifestyle programming. NAO National Satellite Company caters to diverse viewing preferences by providing both free federal channels and a variety of paid channels through subscription packages. In addition to its television services, the company sells equipment such as TV boxes, conditional access modules, and dual tuner receivers, further enhancing its service offerings in the online pay-TV market.

Oktogo

Series C in 2013
Oktogo has rebranded as [travel.ru](http://www.crunchbase.com/organization/travel-ru), after acquiring it in September 2013. Oktogo is the leading Russian online hotel reservations agency. Designed specifically for Russian travelers, Oktogo.ru offers over 4,000 hotels in Russia and over 250,000 hotels worldwide. The Oktogo.ru website attracts over 1 million unique visitors each month via the Internet. With head office in St. Petersburg, Oktogo has the largest database of hotels online in the Russian regions including the north-west of Russia and Novosibirsk in Siberia.

Breeze Technology

Series B in 2013
Breeze Technology provides a full range of information technology and intermediary services relating to the implementation of the operations of payment for goods and services within electronic and mobile commerce using a variety of funding sources, including credit cards, electronic money, mobile phones, etc. The company provides information interaction merchants with payment systems. The use of proven techniques and modern technology allows customers to greatly reduce costs and ensure the completeness and timeliness of payments with payment systems. The Company undertakes maintenance contracts, implementation of protocols payment systems, accounting for transactions of payment, the formation of accounting documents, payment. Breeze Technology focuses on the development of technologies of remote payment for goods and services using credit cards and mobile phones as payment instruments. "Breeze Technology" is the operator for the implementation of e-tickets in St. Petersburg and participated in the project "Plantain" implemented by the Transport Committee of St. Petersburg and St. Petersburg State University "Transport Organizer."

Vivacom

Acquisition in 2012
Vivacom is a leading telecommunications provider based in Sofia, Bulgaria, offering a comprehensive range of services including mobile and fixed voice, high-speed fiber optic internet, digital interactive television, and data transmission. The company serves over 4 million customers and operates more than 230 retail locations across the country. Vivacom has evolved from being the first telecom operator in Bulgaria to becoming a well-recognized brand known for delivering high-tech services. Their approach focuses on innovative solutions tailored to meet individual customer needs in a fast-paced digital landscape. Beyond their commercial offerings, Vivacom demonstrates a commitment to social responsibility through the Vivacom Fund, which invests millions into education, culture, sports, and charitable initiatives. The company prioritizes customer-centric services and remains dedicated to enhancing connectivity and communication in the community.

Fab

Series C in 2012
Fab, Inc. is an online retailer specializing in everyday design products, serving customers in the United States, Canada, and Australia. Founded in February 2009 and headquartered in New York City, the company offers a diverse range of items, including furniture, kitchen and dining accessories, bed and bath products, art, jewelry, and personal accessories. As of March 2015, Fab operates as a subsidiary of PCH International Ltd.

Avalanche Technology

Series D in 2012
Avalanche Technology, Inc. develops and markets a non-volatile spin transfer torque magnetic random access memory device. It offers its device for applications in mobile (consumer wearable devices), Internet of Things, enterprise storage, computing, networking, telecommunication, automotive, and other industries. Avalanche Technology, Inc. was formerly known as Yadav Technology Inc. The company was incorporated in 2006 and is based in Fremont, California.

Luxoft

Series C in 2012
Luxoft is a prominent global IT services provider specializing in custom software development, product engineering, and technical consulting. The company offers high-end business solutions tailored to various industries, including finance, telecommunications, energy, automotive, and aviation. Luxoft is known for its deep domain expertise and commitment to exceeding client expectations by integrating technology, talent, and innovation. The company has established long-term partnerships with major organizations such as Boeing, IBM, Deutsche Bank, and Ford, delivering high-quality technology solutions through a team of experienced professionals. With a network of advanced delivery centers worldwide, Luxoft ensures that clients benefit from a combination of technical skills, industry knowledge, and flexible engagement models.

Fastlane Ventures

Series C in 2012
Fastlane Ventures is a Russian company established in 2010, focusing on the development, launch, and promotion of innovative internet businesses. With a team of experienced entrepreneurs, the firm has successfully launched 20 internet start-ups to meet the increasing demand for online services in the Russian market. Fastlane Ventures has raised over $85 million from various international investment funds, including notable partners such as Direct Group and e.ventures. The company targets business-to-consumer niche markets with low competition and aims to address unmet needs among Russian customers. Acting as both an operational and investment partner, Fastlane Ventures provides initial seed funding and plays a hands-on role in its ventures. Utilizing a proprietary approach called Fast 50, the company can launch new businesses within 50 days, facilitating a swift path from inception to exit. After the new ventures are operational, Fastlane Ventures assists its partners in realizing returns on their investments typically within 2-3 years through strategic sales to other investors.

Oktogo

Series B in 2012
Oktogo has rebranded as [travel.ru](http://www.crunchbase.com/organization/travel-ru), after acquiring it in September 2013. Oktogo is the leading Russian online hotel reservations agency. Designed specifically for Russian travelers, Oktogo.ru offers over 4,000 hotels in Russia and over 250,000 hotels worldwide. The Oktogo.ru website attracts over 1 million unique visitors each month via the Internet. With head office in St. Petersburg, Oktogo has the largest database of hotels online in the Russian regions including the north-west of Russia and Novosibirsk in Siberia.

FamilySpace

Series A in 2012
FamilySpace is a social networking platform based in Nizhny Novgorod, Russian Federation, that caters to families by providing tools for building and maintaining family connections. Established in 2007, the platform has grown to over 700,000 users and features an extensive online digital library of genealogical records. FamilySpace allows users to create online family trees, store photos, commemorate important events and dates, and communicate with relatives. Additionally, it offers a space for blogging and discussions, as well as access to genealogical archives, enabling users to explore their family history and keep their personal and familial records organized. The platform aims to restore and strengthen family relationships through its comprehensive offerings.

aiHit

Series A in 2011
aiHit is a provider of company data to the business information, market research and lead generation industries. They specialize in collecting company information from the World Wide Web. Every day, they crawl through millions of websites, collecting information on companies. In addition, they process thousands of news sources for company information and analyze the sentiment contained in these stories. The results in timely, rich information on a broad range of over 12m privately-owned companies as well as publicly-listed companies.

Lenta

Secondary Market in 2011
Lenta LLC is one of the largest retail chains in Russia, primarily operating hypermarkets and supermarkets. Founded in 1993 and based in Saint Petersburg, the company has developed a significant presence with over 200 hypermarkets and more than 100 supermarkets, particularly in Moscow and St. Petersburg, as well as in various regions across the country. Lenta's stores focus on a price-led model, catering to a diverse range of consumer needs, including food, household goods, and daily essentials. The company manages a total selling space of approximately 570,674 square meters and operates four distribution centers for hypermarkets and one for supermarkets. Lenta has a robust customer loyalty program, with over 5.3 million active loyalty cardholders, indicating that around 90% of its sales are linked to this program. The company employs approximately 27,800 people, contributing to its status as the second largest hypermarket chain in Russia.

EZtalk

Series A in 2008
EZtalk is an innovative service that allows you to achieve the optimal "price-quality" ratio when making long-distance and international calls on a mobile phone from Russia and most countries of the world.

MOBI.Money

Seed Round in 2006
Mobi.Money is a mobile payment processing company that enables Russian mobile subscribers to pay for goods and services using money on their mobile accounts as well as perform money transfers using their mobile phone accounts directly or through a linked virtual bank card. The company is based on PayCash payment technology (which also serves Yandex.Money, MonetaExpress, eDealer and other payment companies) and established in 2009. Mobi.Money is backed by Venture Capital business of [VTB Capital](http://www.crunchbase.com/financial-organization/vtb-capital), since foundation (the leading VC in Russia with over $300M under management and over 30 portfolio companies). MOBI.Money is the pioneer of mobile payment business in Russia (with its first mobile account payment transaction in 2009), and has served over 16m customers. Key products are: mobile payments, mobile transfers, mobile top up and mobile virtual card linked to subscriber`s mobile phone account (co-branded with Visa and MasterCard). Company is headed by Maxim Evdokimov (CEO) experienced in internet and telecom solutions.
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