SOLventures

SOL ventures is a venture investment fund with a focus on IT and e-commerce projects on initial development phase. Combination of Fund’s Partners diverse experience will provide startups with an opportunity to accelerate growth and development while spending invested capital in the most efficient way.

Oganesyan, Levon

Managing Partner

Stanislav Shokhor

Managing Partner

11 past transactions

iGooods

Series A in 2018
iGooods is a mobile e-commerce platform based in Saint Petersburg, Russia, specializing in the online shopping and delivery of a diverse range of products. Founded in 2014, the company provides a comprehensive selection of groceries, including fresh produce, bakery items, meats, cosmetics, electronics, and household necessities. Its platform facilitates convenient ordering for customers, allowing them to shop for essentials from their preferred stores and have their purchases delivered directly to their homes or offices. Additionally, iGooods features tools such as a mobile point of sale terminal and delivery tracking systems to enhance the customer experience.

Menu Group UK Limited

Venture Round in 2017
Menu Group UK Limited, incorporated in 2012 and headquartered in London, offers online restaurant food delivery services through its subsidiary. The company has established itself as a leader in the online food delivery market, particularly in the Caucasus and Eastern Europe. In addition to its main operations in the UK, Menu Group has locations in Minsk, Belarus; Tbilisi, Georgia; and Yerevan, Armenia.

AutoSpot

Series A in 2017
AutoSpot is an online automotive service platform founded in 2013 and based in Moscow, Russia. It operates as a reverse marketplace, aggregating offers from official auto dealers and connecting them directly with customers. The platform allows users to compare, choose, and shop for new cars online, enhancing transparency in the car purchasing process by providing real-time pricing and better offers without the need for negotiation. With over 410 dealers in its network, AutoSpot holds a significant position in Russia's online new car market, which is valued at approximately $47 billion. By 2022, it was projected to capture 20.5% of online sales and 5.1% of total car sales in the country. Currently, AutoSpot facilitates the sale of around 1,000 new vehicles each month and is expanding its offerings to include financial products such as auto loans and insurance.

AutoSpot

Seed Round in 2016
AutoSpot is an online automotive service platform founded in 2013 and based in Moscow, Russia. It operates as a reverse marketplace, aggregating offers from official auto dealers and connecting them directly with customers. The platform allows users to compare, choose, and shop for new cars online, enhancing transparency in the car purchasing process by providing real-time pricing and better offers without the need for negotiation. With over 410 dealers in its network, AutoSpot holds a significant position in Russia's online new car market, which is valued at approximately $47 billion. By 2022, it was projected to capture 20.5% of online sales and 5.1% of total car sales in the country. Currently, AutoSpot facilitates the sale of around 1,000 new vehicles each month and is expanding its offerings to include financial products such as auto loans and insurance.

DrinkAdvisor

Venture Round in 2016
DrinkAdvisor is an international mobile advisory geolocation service that assists users in finding the best bars and nightclubs worldwide. The platform boasts a comprehensive database of over 17,000 venues across 250 cities, providing detailed information that helps users make informed choices based on previous visitors' feedback. In addition to venue information, DrinkAdvisor offers a collection of more than 150 cocktail recipes, enabling users to order their desired drinks at bars or prepare them at home. The service is accessible as a free application for both iOS and Android devices and has garnered a user base exceeding 500,000, establishing DrinkAdvisor as a leading mobile application in the nightlife sector.

AutoSpot

Seed Round in 2015
AutoSpot is an online automotive service platform founded in 2013 and based in Moscow, Russia. It operates as a reverse marketplace, aggregating offers from official auto dealers and connecting them directly with customers. The platform allows users to compare, choose, and shop for new cars online, enhancing transparency in the car purchasing process by providing real-time pricing and better offers without the need for negotiation. With over 410 dealers in its network, AutoSpot holds a significant position in Russia's online new car market, which is valued at approximately $47 billion. By 2022, it was projected to capture 20.5% of online sales and 5.1% of total car sales in the country. Currently, AutoSpot facilitates the sale of around 1,000 new vehicles each month and is expanding its offerings to include financial products such as auto loans and insurance.

DrinkAdvisor

Seed Round in 2014
DrinkAdvisor is an international mobile advisory geolocation service that assists users in finding the best bars and nightclubs worldwide. The platform boasts a comprehensive database of over 17,000 venues across 250 cities, providing detailed information that helps users make informed choices based on previous visitors' feedback. In addition to venue information, DrinkAdvisor offers a collection of more than 150 cocktail recipes, enabling users to order their desired drinks at bars or prepare them at home. The service is accessible as a free application for both iOS and Android devices and has garnered a user base exceeding 500,000, establishing DrinkAdvisor as a leading mobile application in the nightlife sector.

AutoSpot

Seed Round in 2014
AutoSpot is an online automotive service platform founded in 2013 and based in Moscow, Russia. It operates as a reverse marketplace, aggregating offers from official auto dealers and connecting them directly with customers. The platform allows users to compare, choose, and shop for new cars online, enhancing transparency in the car purchasing process by providing real-time pricing and better offers without the need for negotiation. With over 410 dealers in its network, AutoSpot holds a significant position in Russia's online new car market, which is valued at approximately $47 billion. By 2022, it was projected to capture 20.5% of online sales and 5.1% of total car sales in the country. Currently, AutoSpot facilitates the sale of around 1,000 new vehicles each month and is expanding its offerings to include financial products such as auto loans and insurance.

Puzzle English

Venture Round in 2014
Puzzle English is the English language service based on a freemium model (basic functions are free, advanced functions are on subscription basis ). The basic technology of the service is English-language serials with built-in mechanisms of on-line language learning. This unique technology allows subscribers to learn the language while watching your favorite serials in the original language, working with text, the pronunciation of single words and phrases, introducing new words in the diary, as well as using some social mechanisms. The market for online language learning is a part of the actively growing market of online education, which is being actively developed since 2012, when such projects as Coursera, EdX and Udacity were launched. Today 20 million. people are users of the top 10 world services in online education, More than $ 300 million have been invested in these projects. The size of the market is estimated to be $ 40 billion.

DrinkAdvisor

Seed Round in 2013
DrinkAdvisor is an international mobile advisory geolocation service that assists users in finding the best bars and nightclubs worldwide. The platform boasts a comprehensive database of over 17,000 venues across 250 cities, providing detailed information that helps users make informed choices based on previous visitors' feedback. In addition to venue information, DrinkAdvisor offers a collection of more than 150 cocktail recipes, enabling users to order their desired drinks at bars or prepare them at home. The service is accessible as a free application for both iOS and Android devices and has garnered a user base exceeding 500,000, establishing DrinkAdvisor as a leading mobile application in the nightlife sector.
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