Inventure Partners

Inventure Partners is a venture capital firm established in 2012 and based in Moscow, Russia. The firm specializes in early-stage investments in technology-driven startups, focusing on sectors such as online financial services, marketing, digital media, mobile technology, 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, primarily targeting businesses based in Russia, the United States, the CIS region, the United Kingdom, and both developed and emerging European markets. The firm aims for a five-year exit strategy, with the possibility of extending this period by an additional two years, and prefers to invest in companies that have the potential for an Initial Public Offering within two to three years. Inventure Partners seeks minority stakes and often takes a board seat in its portfolio companies, which include notable ventures like Gett and American Well.

Sergey Azatyan Ph.D

Co-Founder and Managing Partner

Victoria Kiseleva

Administrative Director

Past deals in CIS

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.

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.

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.

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.

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.

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.

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.

onlinetours

Venture Round in 2014
OnlineTours is a Russian online tourist agency selling packaged tourist tours via its website.

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.

onlinetours

Series A in 2012
OnlineTours is a Russian online tourist agency selling packaged tourist tours via its website.