TA Venture

TA Ventures is a venture capital firm founded in 2010, with its headquarters in Kyiv, Ukraine, and additional offices in various international locations including Boston and Frankfurt. The firm specializes in growth capital and early-stage investments, specifically targeting seed to Series A startups in sectors such as digital health, mobility and logistics, consumer technology, fintech, and enterprise software. TA Ventures focuses its investments predominantly in Ukraine and Israel, making equity investments ranging from $0.25 million to $1 million, with the capacity for follow-on funding. The firm does not invest in pre-revenue or pre-launch companies, and it typically seeks to co-invest alongside established venture funds rather than leading investment rounds. TA Ventures also aids Western web companies in entering local markets through joint ventures, while leveraging its extensive network to facilitate access to skilled R&D teams in Central and Eastern Europe. The firm does not take board seats or advisory roles in its portfolio companies.

Richard Armstrong

Venture Partner

Roman Khomchuk

Investment Manager

Oleg Malenkov

Partner

Volodymyr Medin

Investment Associate

Stepan Naumov

Partner

Pawel Schapiro

Partner

Igor Semenov

Venture Partner

Past deals in Eastern Europe

Liki24

Venture Round in 2022
Liki24 operates an online platform that enables users to search for and order medications and health-related products from various pharmacies. Founded in 2017 and based in Kyiv, Ukraine, the platform allows users to compare prices and availability across categories including healthy nutrition, cosmetics, medicinal products, and medical devices. Liki24's software integrates deeply with partner pharmacies, clinics, and insurance providers, facilitating logistics coordination and task management. This streamlined approach ensures that patients can easily access a wide selection of medicines and receive them conveniently at home, thereby enhancing the overall accessibility of healthcare services.

Mate academy

Venture Round in 2021
Mate Academy, founded in 2015 by a former Google employee, is an educational technology institution based in Kyiv, Ukraine. It specializes in teaching computer science subjects, including Python, Java, Frontend, UX, and Ruby, offering these courses at no cost to students. The academy aims to facilitate job placements for graduates, who then repay a portion of their salaries over a period of two to three years. This model not only provides valuable technical skills to students but also enables them to enter the job market without upfront tuition fees.

Vochi

Seed Round in 2021
Vochi is a mobile application focused on creative video editing, leveraging advanced computer-vision technology and AI-based algorithms. The app enables users to apply high-quality effects to individual objects within videos in real-time, maintaining visual fidelity in 1080p resolution. By utilizing neural networks and a custom rendering engine, Vochi allows for unique and personalized video creations, empowering users to express their creativity effortlessly on mobile devices.

Vochi

Seed Round in 2021
Vochi is a mobile application focused on creative video editing, leveraging advanced computer-vision technology and AI-based algorithms. The app enables users to apply high-quality effects to individual objects within videos in real-time, maintaining visual fidelity in 1080p resolution. By utilizing neural networks and a custom rendering engine, Vochi allows for unique and personalized video creations, empowering users to express their creativity effortlessly on mobile devices.

OVO

Seed Round in 2021
Ovo provides a delivery service specializing in fresh fruits, vegetables, and greens. The company operates in Kyiv and extends its services to a 25-kilometer radius around the capital. Customers can conveniently order weighted goods through Ovo, which offers a next-day delivery option, ensuring timely access to groceries. This service is designed to cater to the increasing demand for fresh produce delivered directly to consumers’ doorsteps.

OVO

Seed Round in 2021
Ovo provides a delivery service specializing in fresh fruits, vegetables, and greens. The company operates in Kyiv and extends its services to a 25-kilometer radius around the capital. Customers can conveniently order weighted goods through Ovo, which offers a next-day delivery option, ensuring timely access to groceries. This service is designed to cater to the increasing demand for fresh produce delivered directly to consumers’ doorsteps.

OVO

Pre Seed Round in 2020
Ovo provides a delivery service specializing in fresh fruits, vegetables, and greens. The company operates in Kyiv and extends its services to a 25-kilometer radius around the capital. Customers can conveniently order weighted goods through Ovo, which offers a next-day delivery option, ensuring timely access to groceries. This service is designed to cater to the increasing demand for fresh produce delivered directly to consumers’ doorsteps.

Liki24

Venture Round in 2020
Liki24 operates an online platform that enables users to search for and order medications and health-related products from various pharmacies. Founded in 2017 and based in Kyiv, Ukraine, the platform allows users to compare prices and availability across categories including healthy nutrition, cosmetics, medicinal products, and medical devices. Liki24's software integrates deeply with partner pharmacies, clinics, and insurance providers, facilitating logistics coordination and task management. This streamlined approach ensures that patients can easily access a wide selection of medicines and receive them conveniently at home, thereby enhancing the overall accessibility of healthcare services.

Adwisely

Seed Round in 2019
Our mission is to make digital advertising easy and efficient. In our vision, human involvement in ads creation and optimization should be minimized. To get the maximum possible returns on advertising investments, people must focus on improving the product/service quality - the ads can be fully automated by software.

Liki24

Series A in 2019
Liki24 operates an online platform that enables users to search for and order medications and health-related products from various pharmacies. Founded in 2017 and based in Kyiv, Ukraine, the platform allows users to compare prices and availability across categories including healthy nutrition, cosmetics, medicinal products, and medical devices. Liki24's software integrates deeply with partner pharmacies, clinics, and insurance providers, facilitating logistics coordination and task management. This streamlined approach ensures that patients can easily access a wide selection of medicines and receive them conveniently at home, thereby enhancing the overall accessibility of healthcare services.

Mate academy

Seed Round in 2019
Mate Academy, founded in 2015 by a former Google employee, is an educational technology institution based in Kyiv, Ukraine. It specializes in teaching computer science subjects, including Python, Java, Frontend, UX, and Ruby, offering these courses at no cost to students. The academy aims to facilitate job placements for graduates, who then repay a portion of their salaries over a period of two to three years. This model not only provides valuable technical skills to students but also enables them to enter the job market without upfront tuition fees.

Renetti

Seed Round in 2018
Renetti is transforming the extremely conservative 15b European upholstery market, by introducing the best digital practices to create the best shopping experience for end customer. They offer a great way to buy personalized sofa or bed, with convenient online research/configuration tools, and tech-driven retail format, supported by excellent customer service. These are three references of what they currently do in Germany and Ukraine. They achieve this by integrating key players along the value chain, working under their umbrella brand. These players are: product designers, suppliers, manufacturers, logistics and retailers, and they coordinate their interactions through their IT platform. Products are designed by Italian architects, and produced-to-order by small size manufacturers in Europe, what allows to offer many customization options while keeping 5-6 week lead time and high quality for great price. Purchases for essential components (i.e. fabrics) are consolidated, as well as logistics. The platform is driven by proprietary technology: in-store visualization/sales tools, including AR and VR, full integration with resellers, suppliers and manufacturers, ERP/CRM and DMP which is able to match online and offline parts of customer journey for efficient marketing spend. With offices in Berlin and Kyiv, Renetti takes advantage of Germany’s 5b upholstery market, and Ukraine’s IT talent as well as low labor costs. They have served over 20.000 highly satisfied customers in Germany and Ukraine. Renetti is currently running benchmark showrooms in Germany and Ukraine. They are opening their products, service and tech stack to upholstery retail partners across Europe, giving small and medium size furniture retailers a ready-to-use packaged product, with 3x market average revenue per square meter, fast breakeven and low switching costs. They will scale by launching 250 new retail locations in Europe with local stores using revenue sharing model.

eTachki

Venture Round in 2016
eTachki is the first online auction platform for the sale of used cars in Ukraine. The company offers a digital marketplace where buyers and sellers can engage in the auction process, facilitating transactions for pre-owned vehicles. By leveraging technology, eTachki aims to streamline the car buying and selling experience in the Ukrainian automotive market. With its headquarters located in Ukraine, the platform serves as a significant player in the country's evolving online commerce landscape.

Renetti

Seed Round in 2015
Renetti is transforming the extremely conservative 15b European upholstery market, by introducing the best digital practices to create the best shopping experience for end customer. They offer a great way to buy personalized sofa or bed, with convenient online research/configuration tools, and tech-driven retail format, supported by excellent customer service. These are three references of what they currently do in Germany and Ukraine. They achieve this by integrating key players along the value chain, working under their umbrella brand. These players are: product designers, suppliers, manufacturers, logistics and retailers, and they coordinate their interactions through their IT platform. Products are designed by Italian architects, and produced-to-order by small size manufacturers in Europe, what allows to offer many customization options while keeping 5-6 week lead time and high quality for great price. Purchases for essential components (i.e. fabrics) are consolidated, as well as logistics. The platform is driven by proprietary technology: in-store visualization/sales tools, including AR and VR, full integration with resellers, suppliers and manufacturers, ERP/CRM and DMP which is able to match online and offline parts of customer journey for efficient marketing spend. With offices in Berlin and Kyiv, Renetti takes advantage of Germany’s 5b upholstery market, and Ukraine’s IT talent as well as low labor costs. They have served over 20.000 highly satisfied customers in Germany and Ukraine. Renetti is currently running benchmark showrooms in Germany and Ukraine. They are opening their products, service and tech stack to upholstery retail partners across Europe, giving small and medium size furniture retailers a ready-to-use packaged product, with 3x market average revenue per square meter, fast breakeven and low switching costs. They will scale by launching 250 new retail locations in Europe with local stores using revenue sharing model.

Equippo

Seed Round in 2015
Equippo is a commercial equipment company that specializes in buying and selling used construction equipment through its online marketplace. Founded in 2014 and headquartered in Zug, Switzerland, the company connects manufacturers, dealers, leasing companies, and other trusted sellers with buyers worldwide, including regions such as South America, Russia, and Poland. Equippo's platform simplifies the process by offering services such as machine inspection, payment management, shipping, trucking, and customs clearance. A notable feature of its service is the Equippo final price calculation engine, which incorporates tariffs, transport, and logistics specific to the buyer's region, making international transactions more straightforward. With a team that can communicate in over nine languages, Equippo aims to facilitate transparent trading in the heavy equipment sector.

CarPrice

Seed Round in 2014
CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

Renetti

Seed Round in 2013
Renetti is transforming the extremely conservative 15b European upholstery market, by introducing the best digital practices to create the best shopping experience for end customer. They offer a great way to buy personalized sofa or bed, with convenient online research/configuration tools, and tech-driven retail format, supported by excellent customer service. These are three references of what they currently do in Germany and Ukraine. They achieve this by integrating key players along the value chain, working under their umbrella brand. These players are: product designers, suppliers, manufacturers, logistics and retailers, and they coordinate their interactions through their IT platform. Products are designed by Italian architects, and produced-to-order by small size manufacturers in Europe, what allows to offer many customization options while keeping 5-6 week lead time and high quality for great price. Purchases for essential components (i.e. fabrics) are consolidated, as well as logistics. The platform is driven by proprietary technology: in-store visualization/sales tools, including AR and VR, full integration with resellers, suppliers and manufacturers, ERP/CRM and DMP which is able to match online and offline parts of customer journey for efficient marketing spend. With offices in Berlin and Kyiv, Renetti takes advantage of Germany’s 5b upholstery market, and Ukraine’s IT talent as well as low labor costs. They have served over 20.000 highly satisfied customers in Germany and Ukraine. Renetti is currently running benchmark showrooms in Germany and Ukraine. They are opening their products, service and tech stack to upholstery retail partners across Europe, giving small and medium size furniture retailers a ready-to-use packaged product, with 3x market average revenue per square meter, fast breakeven and low switching costs. They will scale by launching 250 new retail locations in Europe with local stores using revenue sharing model.

Topmall

Series A in 2013
Topmall AG is an online marketplace based in Kyiv, Ukraine, specializing in apparel and accessories from renowned global brands. The platform offers over 14,000 products across various categories, including clothing, shoes, accessories, children’s and sports goods, as well as home products. Topmall ensures convenient shopping by providing home delivery across Ukraine within 14 working days after order confirmation, with options for cash on delivery. The company is committed to expanding its range of offerings, regularly introducing new products to enhance the shopping experience for its customers.

IQcard

Venture Round in 2013
IQcard is a provider and distributor of prepaid bank cards aimed at both individuals and businesses. The company has developed a cloud-based system that facilitates client and partner relations while enabling users to transfer funds using bank cards. Its flagship product, the IQcard, is designed to offer maximum convenience to customers, featuring online banking, a bonus program, and a loyalty program. IQcard has successfully implemented various projects in collaboration with major Russian companies, emphasizing its commitment to delivering affordable, reliable payment solutions.

Wallstr

Seed Round in 2012
Wallstr selects the best offers for corporate clients – ranging from stationery to commercial estate – and negotiates with suppliers about discounted prices. The registered clients get an opportunity to buy everything they need for their business at a substantially lower price. Suppliers eagerly agree to that since they are interested in doubling sales and additional promotion.

Bravofly

Venture Round in 2012
Bravofly (Bravofly.com) is part of Bravofly Rumbo Group, a Swiss-based online travel agency, or OTA, with a strong presence in Europe. Through desktop and mobile platforms consumers can easily search for, compare and book flights with both traditional airlines and low cost carriers, as well as hotel accommodations, package holidays, cruises, car rentals and other travel-related products and services. In addition, across the Group they provide customer support services in 12 languages both during the search and booking phase as well as in the post-purchase.They complement their technological platforms with skilled travel agents, customer service operators and call centres. The Group was founded in 2006, but traces its roots to 2004, when Fabio Cannavale and Marco Corradino launched Volagratis, a search engine for low cost flights, in the Italian market. Today Bravofly Rumbo Group operates websites in more than 35 countries and 14 languages; its core markets are Italy, Spain and France and is rapidly expanding into other European markets such as Germany, Eastern Europe and Scandinavia.

Pixonic

Series C in 2011
Pixonic LLC is a mobile game developer based in Moscow, Russia, with additional offices in Berlin and Belgorod. Founded in 2009, the company specializes in creating and publishing mobile and social games, initially focusing on social network games before shifting its emphasis to mobile devices. Pixonic is known for its popular game, War Robots, which has gained significant traction in the mobile gaming market. In addition to game development, the company offers services to assist other developers, including investment, development support, detailed game statistics, marketing, and publishing across global networks and platforms. Pixonic also provides free porting to iOS and Android, enhancing its presence in the mobile gaming industry. As of October 2016, Pixonic operates as a subsidiary of Mail.Ru Group Limited.

Bravoavia

Venture Round in 2011
Bravoavia operates in the online tourism sector, focusing on enhancing consumer service technologies. The company is recognized for its innovative approach, particularly through the development of a comprehensive application that consolidates various functions for finding, selecting, and booking flights at competitive prices. A standout feature of Bravoavia is its search engine for low-cost flights, which uniquely allows users in Europe to search, compare, and book flights across all low-cost airlines globally. This positions Bravoavia as a significant player in the travel industry, catering to the needs of cost-conscious travelers.
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