Letterone Holdings

LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise to make value-driven investments in the Energy and Technology sectors through its two main business units L1 Energy and LetterOne Technology. LetterOne’s liquidity is managed by LetterOne Treasury Services. LetterOne targets large-scale investments (above $1bn) where it sees additional value generation. This may be through a combination of operational excellence, provision of additional capital and strategic input as well as special situations such as turnaround of distressed and underperforming assets.
DA

Dmitry Avdeev

Investment Professional

Stuart Bruseth

Director of Communications

Mikhail Maratovich Fridman

Co-Founder and Director

AK

Anton Kudlay

Investment Manager- LetterOne Technology (UK) LLP

Pavlos Papavassiliou

Senior Associate

Boris Piermont

Senior Executive

Yves leysen

CIO

5 past transactions

Plastic Energy

Venture Round in 2021
Plastic Energy offers a global and sustainable solution to prevent plastic pollution, by transforming previously unrecyclable plastic waste into a valuable resource.

H2scan Corporation

Venture Round in 2022
H2scan Corporation is headquartered in Valencia, California, and was formed September 18, 2002 through an MBO with capital assistance from Vancouver-based Chrysalix Energy Limited Partnership and Ravinia Venture Fund. The company was created upon the purchase of all sensor assets of DCH Sensor Corporation. Ballard Power Systems Inc., Shell Hydrogen, and Duke Energy formed Chrysalix (www.chrysalix.com) in July 2001. This Partnership has since been joined by The BOC Group, BASF Venture Capital, The Mitsubishi Corporation. The fundamental technology of H2scan sensor systems was developed by the U.S. National Laboratory at Sandia. H2scan has significantly improved upon this technology through US patents and manufacturing trade secrets.

FreedomPop

Series C in 2016
FreedomPop is a telecommunications company that delivers free wireless internet and free mobile phone service around the world. It is a disruptive freemium webco delivering free, fast, mobile phone, and wireless internet service. FreedomPop was founded in 2011 with a stated goal to eliminate the digital divide and provide free wireless broadband internet access and mobile phone service to everyone, everywhere.

Qvantel Oy

Venture Round in 2016
Qvantel is a designer of the digital world. With our unique full-stack BSS offering you get future-proof digital CSP tools to attract and engage your customers, innovate your services and products, and manage your revenue streams. In short, Qvantel helps you to manage the complete customer lifecycle with operational tools that simply work.

Uber Technologies, Inc.

Private Equity Round in 2016
Uber is evolving the way the world moves. By seamlessly connecting riders to drivers through our app, we make cities more accessible, opening up more possibilities for riders and more business for drivers. From our founding in 2009 to our launches in over 300 cities today, Uber's rapidly expanding global presence continues to bring people and their cities closer.