InVenture Partners

InVenture Partners is a venture capital firm based in Moscow, Russia, established in 2012. The firm specializes in seed, early, mid, and late-stage investments, primarily focusing on technology-driven companies in sectors such as online financial services, digital media, mobile technology, e-commerce, and telecommunications. InVenture Partners typically invests between $0.5 million and $5 million in companies with an enterprise value ranging from $1 million to $50 million. The firm targets investments in Russia, the United States, the CIS region, the United Kingdom, and both developed and emerging markets in Europe. It seeks to exit investments within five years, with the possibility of a two-year extension, and prefers companies with the potential for an initial public offering within two to three years. InVenture Partners generally takes a minority stake and aims for a board seat in its portfolio companies. Their investment strategy emphasizes backing innovative startups that address market inefficiencies and offer disruptive solutions.

Sergey Azatyan Ph.D

Co-Founder and Managing Partner

35 past transactions

Amwell

Series C in 2020
Amwell is a telehealth platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that digital care delivery will transform healthcare. The company offers a single, comprehensive platform to support all telehealth needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With over a decade of experience, Amwell powers telehealth solutions for over 240 health systems comprised of 2,000 hospitals and 55 health plan partners with over 36,000 employers, reaching over 150 million lives. Amwell was founded in 2006 and is headquartered in Boston, Massachusetts.

Refurbed

Series A in 2020
Refurbed GmbH is an online marketplace based in Vienna, Austria, specializing in the sale of refurbished electronic goods. Founded in 2017, the company focuses on offering a wide range of products, including smartphones, laptops, tablets, televisions, and kitchen appliances, all at prices up to 40% lower than new items. Refurbed's products undergo a comprehensive 40-step refurbishment process, ensuring they look and function like new. Each device comes with a minimum 12-month guarantee, highlighting the company's commitment to quality and customer satisfaction. By promoting the purchase of refurbished products, Refurbed not only helps consumers save money but also supports environmentally sustainable practices in the electronics market.

Refurbed

Series A in 2020
Refurbed GmbH is an online marketplace based in Vienna, Austria, specializing in the sale of refurbished electronic goods. Founded in 2017, the company focuses on offering a wide range of products, including smartphones, laptops, tablets, televisions, and kitchen appliances, all at prices up to 40% lower than new items. Refurbed's products undergo a comprehensive 40-step refurbishment process, ensuring they look and function like new. Each device comes with a minimum 12-month guarantee, highlighting the company's commitment to quality and customer satisfaction. By promoting the purchase of refurbished products, Refurbed not only helps consumers save money but also supports environmentally sustainable practices in the electronics market.

Lemonade

Series D in 2019
Lemonade, Inc. is an insurance company based in New York, offering a range of insurance products in the United States and Europe. Founded in 2015, the company provides homeowners and renters insurance, as well as landlord insurance policies for individuals renting out their properties. Lemonade utilizes artificial intelligence and behavioral economics to streamline the insurance process, replacing traditional brokers and reducing paperwork to create a seamless customer experience. The company employs bots and machine learning to deliver instant insurance solutions, allowing for efficient claims processing and rate setting. Additionally, Lemonade acts as an agent for other insurance providers, expanding its offerings in the market.

MILES

Series A in 2019
MILES Mobility GmbH, founded in 2016 and based in Berlin, Germany, provides car and van sharing services in Berlin and Hamburg through its user-friendly app. The company focuses on offering a station-independent car-sharing experience with flexible rental periods and a diverse fleet of vehicles. MILES aims to enhance urban life by promoting sustainable and accessible shared mobility, allowing users to explore cities without the constraints of traditional car rental services. Their approach emphasizes a hassle-free experience, enabling customers to drive at their own pace while discovering the unique aspects of urban living.

Refurbed

Seed Round in 2019
Refurbed GmbH is an online marketplace based in Vienna, Austria, specializing in the sale of refurbished electronic goods. Founded in 2017, the company focuses on offering a wide range of products, including smartphones, laptops, tablets, televisions, and kitchen appliances, all at prices up to 40% lower than new items. Refurbed's products undergo a comprehensive 40-step refurbishment process, ensuring they look and function like new. Each device comes with a minimum 12-month guarantee, highlighting the company's commitment to quality and customer satisfaction. By promoting the purchase of refurbished products, Refurbed not only helps consumers save money but also supports environmentally sustainable practices in the electronics market.

Refurbed

Seed Round in 2019
Refurbed GmbH is an online marketplace based in Vienna, Austria, specializing in the sale of refurbished electronic goods. Founded in 2017, the company focuses on offering a wide range of products, including smartphones, laptops, tablets, televisions, and kitchen appliances, all at prices up to 40% lower than new items. Refurbed's products undergo a comprehensive 40-step refurbishment process, ensuring they look and function like new. Each device comes with a minimum 12-month guarantee, highlighting the company's commitment to quality and customer satisfaction. By promoting the purchase of refurbished products, Refurbed not only helps consumers save money but also supports environmentally sustainable practices in the electronics market.

UBank

Series B in 2018
uBank is a financial services provider based in Midrand, South Africa, specializing in banking and transactional services. Established in 2011, the company offers a range of mobile payment solutions that facilitate payments for utilities, mobile communications, internet services, fines, and online gaming. uBank primarily targets customers in Russia and the wider CIS region, building on a legacy of providing essential financial services to mining communities for over 40 years. The company has successfully expanded its offerings to encompass savings, loans, and various banking services, positioning itself as a prominent player in the financial sector.

Cityscoot

Series B in 2018
Cityscoot SAS is a provider of self-service electric scooter rentals based in Paris, France, with operations extending to Nice, Milan, and Rome. Established in 2014, the company began its service in June 2016 with a fleet of 150 free-floating electric scooters in Paris, which has since expanded to 5,000 scooters across its operational cities. Users can locate available scooters via a mobile application, book them for free for the first 10 minutes, and unlock them using a four-digit code. Cityscoot differentiates itself by developing its own software and hardware technology, as well as maintaining its fleet with dedicated employees who use electric utility trucks for upkeep. The service also includes comprehensive insurance coverage to ensure a safe rental experience.

Everoad

Series A in 2017
Everoad, founded in 2016 and based in Paris, France, operates a digital platform that connects shippers and carriers in real time, enhancing the efficiency of freight logistics. In 2020, Everoad merged with sennder, a Berlin-based company established in 2015, to form a leading force in digital freight forwarding across Europe. This merger allowed Everoad to leverage sennder's extensive network and technological innovations, aiming to streamline the transportation of goods and improve transparency within the logistics sector. The combined entity focuses on addressing the inefficiencies of the freight industry, which is valued at approximately €400 billion in Europe. With a team of over 500 professionals across seven countries, they facilitate the movement of more than 50,000 loads monthly, supporting small freight companies and large businesses alike in navigating the complexities of the logistics landscape.

2can

Series C in 2017
2can (ZAO Smartfin) mobile terminal is the Russian equivalent of the U.S. Square service; this is a special application for smartphones (based on iOS and Android platform ) and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. 2can is a Russian startup created specifically for the development, implementation and operation of the payment service via smartphones. 2can Service was launched on the Russian market at the end of September 2012 and became the first Russian mobile acquiring service to comply with the relevant security requirements for card payments imposed by Visa and MasterCard international payment systems. 2can is the first Russian mPOS-service that sertified dual card reader (EMV+Magstripe) with VisaReady and PCI-DSS.

Deliver

Seed Round in 2017
Deliver develops a web-based platform which helps to calculate the price and order the transport of goods by various modes.

CHRONEXT

Series C in 2016
CHRONEXT is a full-service platform for luxury watch trading. At CHRONEXT, you can buy watches, sell watches, and service watches in their in-house certified watchmaking atelier. In addition to brand new models, they offer pre-owned and vintage timepieces, all of which have undergone inspection for quality and authenticity in their watchmaking atelier.

Independent Media Publishing

Secondary Market in 2016
Independent Media Publishing house specializes in producing glossy publications and developing innovative digital projects. We create superior print and digital media, inspiring readers and setting the standard for glossy journalism by employing best practices from around the world. Their highly professional and creative team – one of the most outstanding in Russia – consistently produces unique and engaging content while offering advertisers a range of effective solutions. Leading domestic and international brands have long relied on their publications to connect with Russian readers. Their portfolio consists of six women’s magazines: the first glossy magazines in Russia – Cosmopolitan, Cosmopolitan Shopping and Cosmopolitan Beauty; the first fashion magazine in Russia – Harper’s Bazaar; one of Russia’s most popular women’s magazines – Domashny Ochag; and the fashion weekly Grazia. The strength of their portfolio of men’s magazines is built upon the legendary title Esquire, Popular Mechanics, which explores how the world’s most interesting things work, and Robb Report Russia, a guide to the world of luxury. Their digital portals complements and expands the potential of the print magazines. Each of them has its own dedicated website that does more than simply reproduce the same material online: they serve as full-fledged resources in their own right, with unique content and readerships. All their magazines are also available for the iPad and the most popular websites are accessible through mobile apps. Additionally, the publishing house runs Fotoimedia, an in-house photo agency with images for sale from its own archives and from the photo collections of its partners.

iboxPro

Series B in 2016
In 2015 ibox merged with 2can ( SME mPOS provider in Russia ) Besides of mPOS, they have products and services that provide us additional income sources. 1. Payments — the all-in-one mobile payment and Point of Sale (POS) solution enable SMEs to process payments cost-effectively from E-wallets & Messengers. 2. Software as a Service (SaaS) — a platform for SME, merchants can drive business via a centralized SaaS toolkit. 3. Financial products — short term cash advances and short term loans to select merchants provided from their financial partners.

2can

Venture Round in 2015
2can (ZAO Smartfin) mobile terminal is the Russian equivalent of the U.S. Square service; this is a special application for smartphones (based on iOS and Android platform ) and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. 2can is a Russian startup created specifically for the development, implementation and operation of the payment service via smartphones. 2can Service was launched on the Russian market at the end of September 2012 and became the first Russian mobile acquiring service to comply with the relevant security requirements for card payments imposed by Visa and MasterCard international payment systems. 2can is the first Russian mPOS-service that sertified dual card reader (EMV+Magstripe) with VisaReady and PCI-DSS.

iboxPro

Series A in 2015
In 2015 ibox merged with 2can ( SME mPOS provider in Russia ) Besides of mPOS, they have products and services that provide us additional income sources. 1. Payments — the all-in-one mobile payment and Point of Sale (POS) solution enable SMEs to process payments cost-effectively from E-wallets & Messengers. 2. Software as a Service (SaaS) — a platform for SME, merchants can drive business via a centralized SaaS toolkit. 3. Financial products — short term cash advances and short term loans to select merchants provided from their financial partners.

CHRONEXT

Series B in 2015
CHRONEXT is a full-service platform for luxury watch trading. At CHRONEXT, you can buy watches, sell watches, and service watches in their in-house certified watchmaking atelier. In addition to brand new models, they offer pre-owned and vintage timepieces, all of which have undergone inspection for quality and authenticity in their watchmaking atelier.

Netology Group

Series A in 2015
Netology Group focuses on the development of educational online platforms and training programs for students, professionals, and businesses. Netology Group offers FOXFORD, a suite of online courses for students; NETOLOGIYA, an online training program that focuses on online trading and business skills; and SMART LEARNING, a training program that focuses the development and implementation of B2B and B2G SaaS-solutions. Netology Group was founded by Maxim Spiridonov in 2014. It is based in Moscow, Russia.

Ometria

Seed Round in 2015
Ometria Ltd. operates a SaaS-based ecommerce intelligence platform designed to help retailers enhance their decision-making through data-driven insights. Founded in 2013 and based in London, the company focuses on customer segmentation, product merchandising, marketing, and improving on-site customer experiences. Ometria enables retailers to build detailed customer profiles, ensuring that their communications are relevant and engaging, ultimately leading to higher customer engagement and increased revenues. The company was established by a team of four serial entrepreneurs with expertise in ecommerce, computer science, mathematics, and SaaS, and it has garnered investment from prominent figures in London's entrepreneurial ecosystem. Ometria's solutions are utilized by leading retailers across the UK, Europe, and beyond.

Amwell

Venture Round in 2015
Amwell is a telehealth platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that digital care delivery will transform healthcare. The company offers a single, comprehensive platform to support all telehealth needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With over a decade of experience, Amwell powers telehealth solutions for over 240 health systems comprised of 2,000 hospitals and 55 health plan partners with over 36,000 employers, reaching over 150 million lives. Amwell was founded in 2006 and is headquartered in Boston, Massachusetts.

Moneymatika

Seed Round in 2014
Moneymatika LLC is a financial supermarket based in Moscow, Russia, that offers online information related to banking services, insurance services, and cellular communication services. The company aims to assist consumers in navigating the complex landscape of financial products by providing insights into various offerings and highlighting the hidden nuances of these services. Through its platform, Moneymatika seeks to empower users with the knowledge necessary to make informed decisions in the financial services market.

Netology Group

Venture Round in 2014
Netology Group focuses on the development of educational online platforms and training programs for students, professionals, and businesses. Netology Group offers FOXFORD, a suite of online courses for students; NETOLOGIYA, an online training program that focuses on online trading and business skills; and SMART LEARNING, a training program that focuses the development and implementation of B2B and B2G SaaS-solutions. Netology Group was founded by Maxim Spiridonov in 2014. It is based in Moscow, Russia.

Busfor

Series A in 2014
Busfor sp. z o.o. operates an online travel booking platform focused on bus transportation across Europe and Asia. Founded in 2012 and based in Katowice, Poland, the company connects over 7,000 bus operators with customers through its website and mobile app, as well as through more than 600 partner outlets. Busfor streamlines the ticketing process by enabling passengers to search, compare, and purchase bus tickets conveniently. The platform is designed by professional designers and IT specialists to ensure a user-friendly experience, allowing customers to access competitive pricing for their travel needs.

Gill Business Systems

Series A in 2014
Gill Business Systems develops and inventory-distribution system for the passenger bus transportation market.

CrowdSystems

Series A in 2014
CrowdSystems is a Moscow-based company that specializes in developing mobile applications aimed at enhancing retail and communication activities. Its innovative IT solutions enable users to collect and consolidate field data, share feedback on products and services, and manage field personnel effectively. By leveraging crowdsourcing techniques, CrowdSystems provides retail analytics that offer real-time visibility and insights directly from consumers, thereby transforming traditional methods of retail audits and consumer research. The company also designs crowd management programs and offers security services, focusing on staffing and security plans for events. With a team of experts experienced in working with global brands, CrowdSystems aims to improve trade returns and overall profitability for retailers and manufacturers.

Netology Group

Series A in 2014
Netology Group focuses on the development of educational online platforms and training programs for students, professionals, and businesses. Netology Group offers FOXFORD, a suite of online courses for students; NETOLOGIYA, an online training program that focuses on online trading and business skills; and SMART LEARNING, a training program that focuses the development and implementation of B2B and B2G SaaS-solutions. Netology Group was founded by Maxim Spiridonov in 2014. It is based in Moscow, Russia.

Netologiya, OOO

Series A in 2014
Netologiya, OOO is an online educational platform based in Moscow, Russia, founded in 2011. The company specializes in training and additional education for professionals in various fields, including internet marketing, project management, design, UI/UX, programming, and web development. Through its accessible platform, students can engage with practical knowledge delivered by industry experts, complete practical tasks to reinforce their learning, and connect with peers and mentors. The platform is compatible with various devices, including computers, tablets, and smartphones, ensuring flexibility for learners.

2can

Series B in 2014
2can (ZAO Smartfin) mobile terminal is the Russian equivalent of the U.S. Square service; this is a special application for smartphones (based on iOS and Android platform ) and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. 2can is a Russian startup created specifically for the development, implementation and operation of the payment service via smartphones. 2can Service was launched on the Russian market at the end of September 2012 and became the first Russian mobile acquiring service to comply with the relevant security requirements for card payments imposed by Visa and MasterCard international payment systems. 2can is the first Russian mPOS-service that sertified dual card reader (EMV+Magstripe) with VisaReady and PCI-DSS.

StarCard

Series A in 2012
Starcard - a new generation of loyalty program

2can

Series A in 2012
2can (ZAO Smartfin) mobile terminal is the Russian equivalent of the U.S. Square service; this is a special application for smartphones (based on iOS and Android platform ) and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. 2can is a Russian startup created specifically for the development, implementation and operation of the payment service via smartphones. 2can Service was launched on the Russian market at the end of September 2012 and became the first Russian mobile acquiring service to comply with the relevant security requirements for card payments imposed by Visa and MasterCard international payment systems. 2can is the first Russian mPOS-service that sertified dual card reader (EMV+Magstripe) with VisaReady and PCI-DSS.

Fogg Mobile

Series A in 2012
Fogg Mobile specializes in providing mobile data access services, focusing on mobile broadband connectivity for SIM-enabled devices. Operating as a service creation platform for the Internet of Things, Fogg builds customized IoT solutions tailored to the specific needs of each customer. The company leverages common components to optimize costs while ensuring that clients do not need to manage the complexities of integrating various elements, including SIMs. Headquartered in San Francisco, Fogg also has offices in Stockholm, Seattle, London, and Singapore, with ownership held by its founders, employees, and InVenture Partners.

Happlink

Series A in 2012
Happlink - is a service through which you can: ● to meet people who share your interests .● find places and events that are worth visiting ● read the most recent publications and other users themselves write about what you are interested in/ It is important here that you can find new people and learn from them, and not just add "friends" you know, as is customary in social networks. Also, you can see on the map, who is currently near you. Here it easy to find interesting places, events and intentions of other users, you can join and have a great time. And to your publications became popular, and you got recognition Happlink, it is not necessary to add thousands of "friends" - just to be active in their own interests. Service interest Happlink unite you with like-minded people help to find good buddies, new places and exciting activities, as well as entertain you. By signing up, you can read every day fresh publications on topics of interest to you, discuss them, and create the posts that other users will "laykat" and comment. A map you can track existing events, places and intentions and create your own.
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