Waarde Capital

Waarde Capital is a private equity and venture capital firm founded in 2012 and based in Amsterdam, with additional offices in Moscow and Laren. The firm focuses on management buyouts, successions, restructuring, and investments across various stages of the business lifecycle, including seed, startup, early-stage, and growth capital. Waarde Capital invests primarily in high-tech sectors such as financial and information services, telecommunications, software development, and biotechnology, with geographical interests spanning Europe, the United States, Israel, Russia, and Southeast Asia. The firm typically invests between $0.2 million and $20 million in venture and growth equity, targeting companies with revenues of $3 million to $100 million. In addition to equity investments, Waarde Capital offers debt financing and often takes a board position in its portfolio companies. With a management team boasting around 150 years of combined experience, Waarde Capital is well-equipped to support entrepreneurs and enhance the strategic development of its investments.

Alexander Babitsky

Investment Director

Dmitry Gorshkov

Managing Partner

Vyacheslav Kozelskiy

Managing Partner

Ruslan Kryazhev

Managing Partner

Boris Pokrovsky

Co-Founder and Managing Partner

Alexey Proudnikov

Co-Founder and Managing Partner

Alexei Prudnikov

Managing Partner

Ays Sharaev

Co-Founder and Managing Partner

17 past transactions

KOKO Networks

Funding Round in 2022
KOKO Networks Ltd is a technology company founded in 2014 and headquartered in Nairobi, Kenya. It operates in emerging markets, particularly in East Africa and India, focusing on smart commerce solutions. KOKO Networks offers a unique platform that connects suppliers, retailers, and customers, facilitating the delivery of various consumer and business services aimed at enhancing urban life in Africa. By leveraging its technology, KOKO Networks aims to improve accessibility and efficiency in commerce, contributing to the development of urban economies in the region.

HyPoint

Convertible Note in 2022
HyPoint, Inc. is developing the next generation hydrogen fuel cell system with zero CO2 emissions and game-changing energy performance for the air transportation and urban air mobility market. Our solution increases operational time by 5X and utilization rate by 10X while decreasing TCO of any flying platform by 90%.

Gauzy

Series D in 2022
Gauzy is currently a leading provider of turnkey liquid crystal glass projects, installing laminated LC films in different applications such as home appliances, architecture, construction, automotive industry and many other segmented markets. Their patent pending innovative control technologies enable us to handle glass like never before – Dim glass with numerous stages of transparency, create in-glass blinds, insert transparent solar cells into glass windows, and achieve various glass related innovations in the automotive and aviation industries.

Sabi

Convertible Note in 2021
Sabi is a B2B network designed to enhance commerce within the informal trade sector. It aims to accelerate the flow of transactions by facilitating connections among stakeholders. The company offers a comprehensive e-commerce logistics infrastructure that serves both micro and small enterprises. Sabi's platform includes features such as digital ledgers for cash management, interfaces for wholesale business-to-business transactions, group buying options, and logistical support. These services are tailored to help merchants access essential tools, reach new customers, improve cash flow, and streamline their logistics processes. Through its innovative approach, Sabi enables businesses to thrive in a competitive marketplace.

Sabi

Seed Round in 2021
Sabi is a B2B network designed to enhance commerce within the informal trade sector. It aims to accelerate the flow of transactions by facilitating connections among stakeholders. The company offers a comprehensive e-commerce logistics infrastructure that serves both micro and small enterprises. Sabi's platform includes features such as digital ledgers for cash management, interfaces for wholesale business-to-business transactions, group buying options, and logistical support. These services are tailored to help merchants access essential tools, reach new customers, improve cash flow, and streamline their logistics processes. Through its innovative approach, Sabi enables businesses to thrive in a competitive marketplace.

Bartini

Seed Round in 2020
Bartini Aero, founded in 2015 and based in Cupertino, California, focuses on the development of electric vertical take-off and landing (eVTOL) aircraft. The company designs its aircraft for private use and targets the emerging urban air taxi market. Bartini's innovative vehicles incorporate hydrogen fuel cells, electric propulsion systems, and lithium batteries, allowing for efficient aerodynamic lift during flight. The aircraft can take off, gain ground speed, and adjust rotor positioning for optimal performance, combining aviation safety with the comfort of automobile travel. This design aims to enhance accessibility while reducing operational costs both on the ground and in the air.

Exon Lab

Venture Round in 2017
ExonLab is a company dedicated to developing solutions for cloud, blockchain and IoT. ExonLab has co-developed Containerum Platform for managing applications in Kubernetes. ExonLab provides Kubernetes installation and support services for B2B and B2C customers in the Russian market and develops Kubernetes as a Service solutions for data centers.

Xplenty

Venture Round in 2016
Xplenty Ltd. is a Tel Aviv-based company that offers a cloud-based data integration platform designed to help organizations efficiently integrate, process, and prepare data for analytics. Founded in 2011, Xplenty provides a user-friendly service that simplifies the movement, processing, and transformation of data, significantly reducing preparation time and enabling businesses to quickly unlock insights. The platform features an intuitive drag-and-drop interface, allowing users to work without the need for coding. Xplenty supports both structured and unstructured data, and it seamlessly integrates with a variety of data sources, including SQL data stores, NoSQL databases, and cloud storage services.

Gauzy

Series B in 2016
Gauzy is currently a leading provider of turnkey liquid crystal glass projects, installing laminated LC films in different applications such as home appliances, architecture, construction, automotive industry and many other segmented markets. Their patent pending innovative control technologies enable us to handle glass like never before – Dim glass with numerous stages of transparency, create in-glass blinds, insert transparent solar cells into glass windows, and achieve various glass related innovations in the automotive and aviation industries.

Utilight

Venture Round in 2016
Utilight Ltd., founded in 2008 and based in Yavne, Israel, specializes in innovative technologies for harnessing solar energy. The company has developed a patented Pattern Transfer Printing (PTP™) technology aimed at enhancing the photovoltaic (PV) metallization process for crystalline silicon solar cells. This technology not only improves solar cell efficiency but also reduces manufacturing costs, making solar energy more affordable. Following a successful feasibility study, Utilight secured investments from venture funds and support from the Israeli office of Chief Scientist to advance its commercial products for the solar PV industry. The company has established strategic partnerships with leading solar cell manufacturers in China and Taiwan, further solidifying its position in the renewable energy sector.

GetGoing

Convertible Note in 2014
GetGoing is a San Francisco-based startup focused on transforming leisure travel by making it more enjoyable and affordable. The company collaborates with major airlines and hotels to help travelers discover new destinations while offering significant savings, potentially up to 40%. GetGoing operates a platform that sells unused flight seats at discounted rates, enabling airlines to fill unsold inventory by targeting price-sensitive leisure travelers. Customers select two destinations and make a non-refundable purchase, with one destination revealed after booking. The platform currently covers over 2,000 global destinations and is designed specifically for travelers with flexible plans, excluding business travelers and those visiting friends or family. GetGoing holds eight U.S. and international patents and is actively expanding its intellectual property in innovative pricing and customer segmentation methods.

Xplenty

Series A in 2014
Xplenty Ltd. is a Tel Aviv-based company that offers a cloud-based data integration platform designed to help organizations efficiently integrate, process, and prepare data for analytics. Founded in 2011, Xplenty provides a user-friendly service that simplifies the movement, processing, and transformation of data, significantly reducing preparation time and enabling businesses to quickly unlock insights. The platform features an intuitive drag-and-drop interface, allowing users to work without the need for coding. Xplenty supports both structured and unstructured data, and it seamlessly integrates with a variety of data sources, including SQL data stores, NoSQL databases, and cloud storage services.

Bioxis Pharmaceuticals

Convertible Note in 2014
Bioxis Pharmaceuticals SAS is a Lyon-based company that specializes in the development, manufacturing, and supply of biomaterials for regenerative medicine. Its product portfolio includes MTI-12, a monophasic tissular inductor designed for aesthetic dermatology, and Cytosial, a monophasic hyaluronic acid aimed at reducing signs of aging. The company markets its products through retail outlets in France. Established in 2010, Bioxis Pharmaceuticals was formerly known as Cytosial Biomedic, S.a.s. and rebranded in July 2016. The company is certified ISO 13485 and employs a team of ten individuals, including senior management with extensive experience in the aesthetic dermatology sector. Bioxis has received support from Medicen, a life sciences cluster in the Paris Region, and BPI France, the French public investment bank.

GetGoing

Convertible Note in 2013
GetGoing is a San Francisco-based startup focused on transforming leisure travel by making it more enjoyable and affordable. The company collaborates with major airlines and hotels to help travelers discover new destinations while offering significant savings, potentially up to 40%. GetGoing operates a platform that sells unused flight seats at discounted rates, enabling airlines to fill unsold inventory by targeting price-sensitive leisure travelers. Customers select two destinations and make a non-refundable purchase, with one destination revealed after booking. The platform currently covers over 2,000 global destinations and is designed specifically for travelers with flexible plans, excluding business travelers and those visiting friends or family. GetGoing holds eight U.S. and international patents and is actively expanding its intellectual property in innovative pricing and customer segmentation methods.

Bioxis Pharmaceuticals

Convertible Note in 2013
Bioxis Pharmaceuticals SAS is a Lyon-based company that specializes in the development, manufacturing, and supply of biomaterials for regenerative medicine. Its product portfolio includes MTI-12, a monophasic tissular inductor designed for aesthetic dermatology, and Cytosial, a monophasic hyaluronic acid aimed at reducing signs of aging. The company markets its products through retail outlets in France. Established in 2010, Bioxis Pharmaceuticals was formerly known as Cytosial Biomedic, S.a.s. and rebranded in July 2016. The company is certified ISO 13485 and employs a team of ten individuals, including senior management with extensive experience in the aesthetic dermatology sector. Bioxis has received support from Medicen, a life sciences cluster in the Paris Region, and BPI France, the French public investment bank.

Bioxis Pharmaceuticals

Private Equity Round in 2012
Bioxis Pharmaceuticals SAS is a Lyon-based company that specializes in the development, manufacturing, and supply of biomaterials for regenerative medicine. Its product portfolio includes MTI-12, a monophasic tissular inductor designed for aesthetic dermatology, and Cytosial, a monophasic hyaluronic acid aimed at reducing signs of aging. The company markets its products through retail outlets in France. Established in 2010, Bioxis Pharmaceuticals was formerly known as Cytosial Biomedic, S.a.s. and rebranded in July 2016. The company is certified ISO 13485 and employs a team of ten individuals, including senior management with extensive experience in the aesthetic dermatology sector. Bioxis has received support from Medicen, a life sciences cluster in the Paris Region, and BPI France, the French public investment bank.

GetGoing

Private Equity Round in 2012
GetGoing is a San Francisco-based startup focused on transforming leisure travel by making it more enjoyable and affordable. The company collaborates with major airlines and hotels to help travelers discover new destinations while offering significant savings, potentially up to 40%. GetGoing operates a platform that sells unused flight seats at discounted rates, enabling airlines to fill unsold inventory by targeting price-sensitive leisure travelers. Customers select two destinations and make a non-refundable purchase, with one destination revealed after booking. The platform currently covers over 2,000 global destinations and is designed specifically for travelers with flexible plans, excluding business travelers and those visiting friends or family. GetGoing holds eight U.S. and international patents and is actively expanding its intellectual property in innovative pricing and customer segmentation methods.
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