Essedel

Essedel Oy, established in 1995 and based in Helsinki, Finland, specializes in private equity investments. The firm has successfully executed 16 investment projects in the Finnish and Russian markets, focusing on both majority and minority stakes in small and medium-sized enterprises. Essedel emphasizes close collaboration with partners in target companies to foster significant growth and dynamic development. The firm views Russia as a promising market for private equity opportunities and values the role of entrepreneurship in driving business success. With a commitment to enhancing capitalization and supporting project advancement, Essedel leverages its international experience to navigate the complexities of investment in these regions.

Ekaterina Elizarova

Investment Director

Irina Jakovleva

Investment Director

Mihail Malkov

Founder, CEO and Managing Partner

Andrei Novitsky

Partner

3 past transactions

Zvooq

Series A in 2014
Zvooq is a leading music streaming service in Russia, designed for casual listeners in developing markets. The platform operates on a freemium subscription model, providing users access to a vast music catalog of over 25 million tracks. These tracks are curated based on various factors such as listener mood, activity, locations, and events, ensuring a personalized experience for users. By focusing on the needs of the mass market, Zvooq aims to enhance music accessibility and enjoyment for a diverse audience.

Bookmate

Seed Round in 2011
Bookmate is a Moscow-based company that provides a subscription service for e-books and audiobooks, making reading accessible through mobile devices. As a subsidiary of Dream Industries, it offers a platform that allows users to access a diverse range of long-form content in multiple languages, including English, Spanish, and Russian. The service is designed to connect readers, authors, and publishers, fostering a community around literature. Bookmate's model enables users to discover new books and authors while listening to stories on demand, thus promoting a global reading culture and breaking down language barriers.

Zvooq

Venture Round in 2011
Zvooq is a leading music streaming service in Russia, designed for casual listeners in developing markets. The platform operates on a freemium subscription model, providing users access to a vast music catalog of over 25 million tracks. These tracks are curated based on various factors such as listener mood, activity, locations, and events, ensuring a personalized experience for users. By focusing on the needs of the mass market, Zvooq aims to enhance music accessibility and enjoyment for a diverse audience.
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