Leta Capital

LETA Capital is a venture fund that specializes in investing in early-stage B2B software startups, particularly during the late seed and early growth phases. Founded by successful Russian IT entrepreneur Alexander Chachava, the fund aims to support innovative technology companies led by ambitious and skilled entrepreneurs. LETA Capital primarily targets startups in Eastern Europe and Israel, focusing on those with established sales in international markets. The fund recently raised $50 million for its second investment round and typically invests around $2 million in each venture. LETA Capital emphasizes long-term partnerships, providing not just capital but also expertise to help talented teams succeed. The fund has a proven track record, with three successful exits in 2017, including notable sales to major companies.

Gennady Kurbatov

VP of Legal Matters

Sergey Toporov

General Partner

Alexander Zemlyak

Principal & Head of Israel

Past deals in CIS

NovaKid

Series B in 2021
NovaKid is a next-generation early English learning platform that allows kids around the world to learn English through remote practice with native-speaking teachers and through engagement with AI-powered games and training apps that promote English speaking and comprehension based on the use of authentic content in the English language. It also offers individual lessons with native speaking certified teachers for children with AI-assisted data extraction and analysis. Incorporated in the US, it has students in over 30 countries, focussing on Europe and MENA with major customer base in Poland, Spain, Italy, Turkey, Russia. NovaKid was founded in 2017 and is based in San Francisco, CA, USA.

NovaKid

Series A in 2020
NovaKid is a next-generation early English learning platform that allows kids around the world to learn English through remote practice with native-speaking teachers and through engagement with AI-powered games and training apps that promote English speaking and comprehension based on the use of authentic content in the English language. It also offers individual lessons with native speaking certified teachers for children with AI-assisted data extraction and analysis. Incorporated in the US, it has students in over 30 countries, focussing on Europe and MENA with major customer base in Poland, Spain, Italy, Turkey, Russia. NovaKid was founded in 2017 and is based in San Francisco, CA, USA.

NovaKid

Seed Round in 2020
NovaKid is a next-generation early English learning platform that allows kids around the world to learn English through remote practice with native-speaking teachers and through engagement with AI-powered games and training apps that promote English speaking and comprehension based on the use of authentic content in the English language. It also offers individual lessons with native speaking certified teachers for children with AI-assisted data extraction and analysis. Incorporated in the US, it has students in over 30 countries, focussing on Europe and MENA with major customer base in Poland, Spain, Italy, Turkey, Russia. NovaKid was founded in 2017 and is based in San Francisco, CA, USA.

Unigine

Seed Round in 2019
Unigine is a global company specializing in real-time 3D technologies, providing innovative B2B solutions across various industries, including simulation, visualization, video games, scientific research, and virtual reality systems. The company aims to make immersive virtual experiences accessible by offering automated tools that assist developers in building, testing, and deploying their products. Unigine has gained recognition for its commitment to advancing technology and enhancing the capabilities of three-dimensional visualization and simulation across multiple sectors.

inDrive

Series B in 2018
inDrive is an international ride-hailing service based in Mountain View, California, recognized as one of the top five ride-sharing and taxi applications globally by downloads. Founded in Yakutsk, Russia, in 2012, inDrive was born from a community initiative where passengers could negotiate ride prices directly with drivers. Its unique Real Time Deals (RTD) model allows users to specify the amount they are willing to pay, with drivers accepting the fare they find agreeable. This approach not only empowers passengers but also fosters a more equitable transaction process. Currently, inDrive boasts a user base of over 70 million across more than 450 cities in 32 countries. In addition to its core services, inDrive is involved in social initiatives, such as the BeginIT project, which provides free programming courses and support for technology education to children in orphanages and rural schools across multiple countries.

Unigine

Seed Round in 2018
Unigine is a global company specializing in real-time 3D technologies, providing innovative B2B solutions across various industries, including simulation, visualization, video games, scientific research, and virtual reality systems. The company aims to make immersive virtual experiences accessible by offering automated tools that assist developers in building, testing, and deploying their products. Unigine has gained recognition for its commitment to advancing technology and enhancing the capabilities of three-dimensional visualization and simulation across multiple sectors.

inDrive

Series A in 2017
inDrive is an international ride-hailing service based in Mountain View, California, recognized as one of the top five ride-sharing and taxi applications globally by downloads. Founded in Yakutsk, Russia, in 2012, inDrive was born from a community initiative where passengers could negotiate ride prices directly with drivers. Its unique Real Time Deals (RTD) model allows users to specify the amount they are willing to pay, with drivers accepting the fare they find agreeable. This approach not only empowers passengers but also fosters a more equitable transaction process. Currently, inDrive boasts a user base of over 70 million across more than 450 cities in 32 countries. In addition to its core services, inDrive is involved in social initiatives, such as the BeginIT project, which provides free programming courses and support for technology education to children in orphanages and rural schools across multiple countries.

Double Data

Series A in 2015
Double Data, founded in 2012 and headquartered in Moscow, Russia, specializes in providing banking software solutions tailored for financial institutions. The company's offerings leverage advanced technology, including data analysis, machine learning, and data mining, to enhance various banking processes. These processes encompass customer acquisition, assessment, and debt collection, enabling banks to improve their overall performance and efficiency. By integrating Big Data analysis tools with innovative learning methods, Double Data aims to address the evolving needs of the financial sector.

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.

RoboCV

Seed Round in 2013
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.

iBinom

Seed Round in 2013
iBinom Inc. offers a cloud-based solution for genomic data analysis. It provides iBinom, a SaaS platform that provides genome interpretation solution for the diagnostics of Mendelian diseases. The company’s solution also enables revealing a single mutation across various nucleotides, as well as clinical interpretation of human genome and exome data. Its platform is used by medical professionals in the Russian Federation and internationally. The company was founded in 2014 and is based in Moscow, Russian Federation.

MSU Business Incubator

Seed Round in 2013
The MSU Business Incubator provides a structured environment for aspiring entrepreneurs to develop their ideas into viable businesses. With 29 resident companies and over 1,000 applications processed, the incubator supports young innovators through various stages, including invention, design, presentation, and realization. In its five-month program, teams can refine their concepts and prototypes into market-ready products while minimizing common pitfalls. The incubator has successfully generated a turnover exceeding 100 million rubles for its resident companies and graduates, attracting investments totaling over 500 million rubles. The overall market valuation of these companies has surpassed 1 billion rubles, illustrating the incubator's significant impact on fostering entrepreneurship and innovation.

Hamstersoft

Seed Round in 2013
HamsterSoft, founded in 2010 and based in Moscow, specializes in the development and distribution of software products aimed at enhancing user experience through convenience and functionality. The company has made significant strides in the software industry, achieving recognition as one of the top 20 programs globally within its first year, with over 8 million downloads. Its product lineup includes user-friendly tools such as the HAMSTER Free ZIP Archiver, which utilizes multi-core processors for efficient archiving, the HAMSTER Free Video Converter and Free eBook Converter, both designed to simplify file conversions, and the Hamster Free Burning Studio, which focuses on data burning for laser disks. The company’s offerings have been translated into 40 languages, making them accessible to a diverse global audience. With a growing fanbase of over 140,000 on social media, HamsterSoft continues to expand its reach and impact in the software market.

RedHelper

Seed Round in 2012
RedHelper is the developer of an online consultant system. Their solution allows you to instantly communicate with the visitor (LiveChat), providing a better level of service that leads to sales. Their technology sharing browser (Co-Browse) will provide as information about the visitor. As of August 2013 20 000 clients trust RedHelper.

Displair

Seed Round in 2012
Displair is an innovative developer and producer of gesture-controlled interactive air display technologies. Its flagship product is a 3D-interactive air display that projects user-controlled digital images in mid-air, allowing for a unique multimedia experience that engages multiple senses, including sight, sound, touch, and smell. This advanced display can project various content types, such as static images, videos, and 3D models, making it suitable for diverse applications like advertising, vehicle dashboards, and personal devices. The Displair system consists of an air screen generator, receiving devices, a projector, and a computer integrated into a single unit. Its interactive capabilities are enhanced by the ability to process up to 1,500 simultaneous touches, facilitating unlimited user interaction. Additionally, the system's design allows for seamless integration with technologies like NFC, and it can be augmented with features such as aroma units and a 3D control system, further expanding its functionality. Displair offers basic software along with options for customized programs tailored to meet various business needs, positioning itself as a leader in the field of interactive air display solutions.

Displair

Seed Round in 2012
Displair is an innovative developer and producer of gesture-controlled interactive air display technologies. Its flagship product is a 3D-interactive air display that projects user-controlled digital images in mid-air, allowing for a unique multimedia experience that engages multiple senses, including sight, sound, touch, and smell. This advanced display can project various content types, such as static images, videos, and 3D models, making it suitable for diverse applications like advertising, vehicle dashboards, and personal devices. The Displair system consists of an air screen generator, receiving devices, a projector, and a computer integrated into a single unit. Its interactive capabilities are enhanced by the ability to process up to 1,500 simultaneous touches, facilitating unlimited user interaction. Additionally, the system's design allows for seamless integration with technologies like NFC, and it can be augmented with features such as aroma units and a 3D control system, further expanding its functionality. Displair offers basic software along with options for customized programs tailored to meet various business needs, positioning itself as a leader in the field of interactive air display solutions.

Wakie

Seed Round in 2012
Wakie is a company that develops mobile applications designed to provide real live human wake-up calls through a community-based approach. Founded in 2011 and headquartered in Moscow, Russia, Wakie offers services that allow users to wake each other up, creating a friendly and engaging alternative to traditional alarm clocks. Among its products is Budist, a Russian-language wake-up app, and Wakie, which serves an international audience. By leveraging a community of users, Wakie aims to transform the wake-up experience into a more personal and enjoyable interaction.