SOLventures

SOLventures is a venture investment fund established in 2013 and based in Nicosia, Cyprus. The firm specializes in investing in early-stage IT and e-commerce projects, focusing on startups in the advertising, finance technology, and mobile sectors. By leveraging the diverse experience of its partners, SOLventures aims to facilitate the growth and development of these startups, ensuring that the capital invested is utilized efficiently. The firm targets opportunities across Russia, the United States, and Europe, positioning itself as a key player in the venture capital landscape.

Stanislav Shokhor

Managing Partner

11 past transactions

iGooods

Series A in 2018
iGooods provides a local mobile e-commerce platform for online shopping and delivery of groceries, fruits, vegetables, cosmetics, electronics, and other daily needs products. It offers fresh produce, pet care products, bakery products, meats, flowers, sports products, household products, baby care products, and others. The company was founded in 2014 and is based in Saint Petersburg, Russia.

Menu Group

Venture Round in 2017
Menu Group UK Limited, through its subsidiary, provides online restaurant food delivery services. The company was incorporated in 2012 and is based in London, United Kingdom with additional locations in Minsk, Belarus; Tbilisi, Georgia; and Yerevan, Armenia.

AutoSpot

Series A in 2017
AutoSpot is an innovative online automotive service platform based in Moscow, Russia, founded in 2013. It operates a reverse marketplace model, aggregating offers from official auto dealers and connecting them directly with customers. This approach allows users to select, compare, and purchase new cars online, enhancing transparency and providing real-time pricing without the need for traditional bargaining. With over 410 auto dealers participating, AutoSpot has established a strong presence in the online new car sales segment in Russia, which is valued at approximately $47 billion. By 2022, the platform was estimated to hold a market share of 20.5% in online sales and 5.1% of all new car sales in the country. Currently, AutoSpot sells around 1,000 new automobiles per month and is focused on expanding its platform's capabilities, including the integration of financial products such as auto loans and insurance.

AutoSpot

Seed Round in 2016
AutoSpot is an innovative online automotive service platform based in Moscow, Russia, founded in 2013. It operates a reverse marketplace model, aggregating offers from official auto dealers and connecting them directly with customers. This approach allows users to select, compare, and purchase new cars online, enhancing transparency and providing real-time pricing without the need for traditional bargaining. With over 410 auto dealers participating, AutoSpot has established a strong presence in the online new car sales segment in Russia, which is valued at approximately $47 billion. By 2022, the platform was estimated to hold a market share of 20.5% in online sales and 5.1% of all new car sales in the country. Currently, AutoSpot sells around 1,000 new automobiles per month and is focused on expanding its platform's capabilities, including the integration of financial products such as auto loans and insurance.

DrinkAdvisor

Venture Round in 2016
DrinkAdvisor is an international mobile advisory service that specializes in geolocation for bars and nightclubs. With a comprehensive database featuring over 17,000 establishments in 250 cities worldwide, it aims to enhance users' nightlife experiences. The platform also offers detailed recipes for more than 150 popular cocktails, allowing users to order confidently at bars or prepare drinks at home. Available as a free app for both iOS and Android, DrinkAdvisor has garnered a user base exceeding 500,000 people globally, making it a leading application in the nightlife sector. The service provides essential information about each venue, drawn from past visitors' experiences, to help users make informed choices when selecting a nightlife destination.

AutoSpot

Seed Round in 2015
AutoSpot is an innovative online automotive service platform based in Moscow, Russia, founded in 2013. It operates a reverse marketplace model, aggregating offers from official auto dealers and connecting them directly with customers. This approach allows users to select, compare, and purchase new cars online, enhancing transparency and providing real-time pricing without the need for traditional bargaining. With over 410 auto dealers participating, AutoSpot has established a strong presence in the online new car sales segment in Russia, which is valued at approximately $47 billion. By 2022, the platform was estimated to hold a market share of 20.5% in online sales and 5.1% of all new car sales in the country. Currently, AutoSpot sells around 1,000 new automobiles per month and is focused on expanding its platform's capabilities, including the integration of financial products such as auto loans and insurance.

DrinkAdvisor

Seed Round in 2014
DrinkAdvisor is an international mobile advisory service that specializes in geolocation for bars and nightclubs. With a comprehensive database featuring over 17,000 establishments in 250 cities worldwide, it aims to enhance users' nightlife experiences. The platform also offers detailed recipes for more than 150 popular cocktails, allowing users to order confidently at bars or prepare drinks at home. Available as a free app for both iOS and Android, DrinkAdvisor has garnered a user base exceeding 500,000 people globally, making it a leading application in the nightlife sector. The service provides essential information about each venue, drawn from past visitors' experiences, to help users make informed choices when selecting a nightlife destination.

AutoSpot

Seed Round in 2014
AutoSpot is an innovative online automotive service platform based in Moscow, Russia, founded in 2013. It operates a reverse marketplace model, aggregating offers from official auto dealers and connecting them directly with customers. This approach allows users to select, compare, and purchase new cars online, enhancing transparency and providing real-time pricing without the need for traditional bargaining. With over 410 auto dealers participating, AutoSpot has established a strong presence in the online new car sales segment in Russia, which is valued at approximately $47 billion. By 2022, the platform was estimated to hold a market share of 20.5% in online sales and 5.1% of all new car sales in the country. Currently, AutoSpot sells around 1,000 new automobiles per month and is focused on expanding its platform's capabilities, including the integration of financial products such as auto loans and insurance.

Puzzle English

Venture Round in 2014
Puzzle English is an online English language learning platform founded in 2010 and based in Russia. It operates on a freemium model, offering basic functions for free while charging for advanced features. The platform's unique technology allows subscribers to learn English by watching original-language serials, enhancing their understanding through text interaction and pronunciation exercises. Users can also introduce new vocabulary into a personal diary and engage with social mechanisms to support their learning journey. As a part of the rapidly expanding online education market, which has seen significant growth since 2012, Puzzle English caters to a diverse audience seeking efficient and enjoyable language acquisition methods.

DrinkAdvisor

Seed Round in 2013
DrinkAdvisor is an international mobile advisory service that specializes in geolocation for bars and nightclubs. With a comprehensive database featuring over 17,000 establishments in 250 cities worldwide, it aims to enhance users' nightlife experiences. The platform also offers detailed recipes for more than 150 popular cocktails, allowing users to order confidently at bars or prepare drinks at home. Available as a free app for both iOS and Android, DrinkAdvisor has garnered a user base exceeding 500,000 people globally, making it a leading application in the nightlife sector. The service provides essential information about each venue, drawn from past visitors' experiences, to help users make informed choices when selecting a nightlife destination.

CoFoundersLab

Seed Round in 2012
CoFoundersLab is an online platform designed to facilitate connections among entrepreneurs. It enables individuals to find co-founders, advisors, and team members, hire freelancers, and engage in discussions on various topics. Users can participate in a low-fee, no-equity Virtual Accelerator and access a fully-vetted team for developing their minimum viable products (MVPs). Additionally, CoFoundersLab offers a Learning Center for skill acquisition and hosts in-person events to foster networking among entrepreneurs. By leveraging technology and AI algorithms, the platform aims to provide essential resources and support, helping entrepreneurs succeed in their ventures.
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