Rubylight Technology

RubyLight is a venture capital firm established in 2010 and based in Riga, Latvia. The firm focuses on investing in fast-growing internet and mobile startups, particularly in sectors such as social media, content sharing, communications, and crowdsourcing. RubyLight aims to support young companies in scaling and expanding globally by providing not only financial funding but also access to a professional technology team and proprietary technology. By leveraging these resources, RubyLight assists startups in accelerating their growth and enhancing their competitive edge in the market.

Dmitry Burbo

Partner, Product Development and Product Analyst

Alexey Chirkov

Partner, Web and Mobile Architecture

Andrey Golev

Partner and Infrastructure Architecture

Andrey Ivashin

Co-Founder, Head of Tech Operations and Partner, Technology Operations

Elino Parhomenko

Partner, Product Development and Product Architect

Aija Perta

Partner, Operations and Finance

Vitaly Rubstein

Partner, Strategy and Vision

10 past transactions

Megamod

Seed Round in 2024
Megamod is a user-generated content platform that entered early access in May 2023, amassing over 20,000 games in its catalog by the end of the year. The company offers tools for creators to develop their own video games, alongside an ecosystem for distribution, promotion, and monetization. Catering primarily to younger users, Megamod supports the creation of various game types, including parkour tracks, mazes, car races, and narrative-driven experiences inspired by pop culture, all without requiring coding or advanced artistic skills. This accessibility allows users to unleash their creativity and enjoy the game development process. Additionally, Megamod focuses on publishing NFT-based play-to-earn games, enabling participants to earn cryptocurrencies and engage with multiple projects simultaneously.

Peerby

Seed Round in 2022
A neighborhood network for sharing consumer goods. Borrow power tools, electronics, party equipment, and much more from your neighbors.

Tandem

Series A in 2020
Tandem is a peer-to-peer language-learning platform that connects users globally, allowing them to practice and learn over 300 languages through text, audio, and video chat. Founded in 2015 by Arnd Aschentrup, Tobias Dickmeis, and Matthias Kleimann, the platform currently serves ten million members who can engage with native speakers and other language learners. Users have the option to book lessons with professional teachers, enhancing their language skills through diverse interactions. Tandem has been recognized by both Apple and Google for its innovative approach to language education. The app is available for free on iOS, Android, and the web, and it is supported by notable European investors.

Sweatcoin

Seed Round in 2018
Sweatcoin is a digital currency that incentivizes physical activity by converting users' movements into a cryptocurrency. The company's platform verifies and tracks physical movement, allowing users to earn Sweatcoins while engaging in exercise. These earned coins can be donated to charity, transferred to other users, or spent on a variety of products, services, and experiences offered by Sweatcoin vendors and the user community. By transforming exercise into immediate rewards, Sweatcoin addresses the challenge of Present Bias, effectively shifting the perceived benefits of physical activity into the present moment. This innovative approach encourages users to stay active while also fostering a community around fitness and health.

Jodel

Series A in 2017
At Jodel, we're more than just a social media app. Jodel enables the users to discover, follow, and participate in real-time in the most relevant conversations with people nearby. You can connect with people who share your interests, discover new places, and express yourself freely. Jodel has millions of active users across the Nordics, DACH and middle-east and continue to expand globally. No sign-up or profile necessary.

Tandem

Seed Round in 2016
Tandem is a peer-to-peer language-learning platform that connects users globally, allowing them to practice and learn over 300 languages through text, audio, and video chat. Founded in 2015 by Arnd Aschentrup, Tobias Dickmeis, and Matthias Kleimann, the platform currently serves ten million members who can engage with native speakers and other language learners. Users have the option to book lessons with professional teachers, enhancing their language skills through diverse interactions. Tandem has been recognized by both Apple and Google for its innovative approach to language education. The app is available for free on iOS, Android, and the web, and it is supported by notable European investors.

Jodel

Seed Round in 2016
At Jodel, we're more than just a social media app. Jodel enables the users to discover, follow, and participate in real-time in the most relevant conversations with people nearby. You can connect with people who share your interests, discover new places, and express yourself freely. Jodel has millions of active users across the Nordics, DACH and middle-east and continue to expand globally. No sign-up or profile necessary.

Bolt

Seed Round in 2014
Bolt Technology OÜ is a transportation platform based in Tallinn, Estonia, that provides ride-hailing, micromobility, and food delivery services. Founded in 2013, Bolt operates a smartphone application that allows users to book taxis directly, selecting options based on price and quality ratings, while also tracking the driver's arrival in real time. The platform aims to enhance urban mobility by offering a reliable and accessible alternative to traditional transportation methods, contributing to reduced traffic congestion and pollution in cities. With over 50 million customers across more than 40 countries, Bolt is recognized as one of the fastest-growing startups globally, striving to create a future with less reliance on car ownership.
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