Winter Capital

Winter Capital Partners is a private equity and venture capital firm established in 2015, based in Moscow City, Russia. The firm specializes in mid to late venture and growth capital investments, focusing on high-growth sectors including consumer technology, financial services, healthcare, education, and digital health. Winter Capital typically invests between $0.5 million and $5 million for venture capital and between $10 million and $100 million for private equity, often acquiring minority stakes in venture capital deals and both minority and controlling stakes in private equity transactions. The firm also offers advisory services and manages funds with over $1 billion in assets, targeting investments in emerging markets and Europe. In late November 2023, Winter Capital was acquired by Rockstone Ventures.

Ilia Ostrov

Associate

Ekaterina Tsvetkova

Investment Professional

Darya Varlamova

Director of Communications

Artur Zagvozkin

Investment Professional

Past deals in Russia

Docclub

Seed Round in 2021
DOCCLUB's mission is to help doctors become the best practicing specialists in Russia and provide them with the necessary tools for professional growth and development.

Algorithmics

Private Equity Round in 2021
Algorithmics is a set of courses and an IT platform for teaching children programming. All methods and solutions developed by us are aimed at ensuring that children learn conveniently and comfortably, and the classes are held as efficiently as possible.

Skyeng

Venture Round in 2020
Skyeng is an online language school based in Cheboksary, Russia, specializing in English language education. Founded in 2012, the company provides virtual classrooms that aim to make language learning convenient, efficient, and engaging. Skyeng focuses on helping students establish and achieve specific life goals through its interactive learning approach. The school emphasizes the importance of a dedicated team, where each member plays a vital role in the institution's development and success.

Banki.ru

Private Equity Round in 2020
Banki.ru, according to all rating systems in Russia, is the number one bank information website which is profitable and growing rapidly. The Company was founded in 2005. Today, the Company focuses on building a database for deposit information, mortgages, credit cards, consumer loans, car loans, business loans and others. This is the key value proposition for the visitor as he does not need to search different websites but can find all the information he needs in one place. Users can send a request for all types of loans to the bank through the Banki.ru. The database is regularly monitored and updated every month. Banki.ru gives an opportunity to the visitors to write reviews about banks - Public Rating of Banki.ru, popular among Russians, consists of 30,000 clients' reviews. Banks in their turn quickly respond to the customers complaints in Public Ranking, solve their problems and answer the questions by means of Hot lines. Audience of Banki.ru is equal to over 1 million unique visitors per month. About 150-200 Russian banks place an advertisment on Banki.ru per year. In 2010 Russian investment fund Finam Capital invested Banki.ru, but its original founders still have a majority interest. In 2011 Banki.ru aquired Ukrainian site Banki.ua The auditor of the Company is Grant Thornton Russia.

Arrival

Venture Round in 2020
Arrival Limited is a technology company based in London that specializes in manufacturing electric vehicles. Founded in 2015, the company focuses on developing software, materials, components, and scalable skateboard platforms, which serve as the foundation for its electric vehicles. Arrival's innovative approach includes the use of micro-factories, enabling efficient production and adaptation to various mobility ecosystems while minimizing capital expenditure. This model allows the company to produce zero-emission vehicles tailored to the needs of urban environments and aims to enhance public transportation through intelligent design. In addition to its headquarters in the United Kingdom, Arrival operates offices in Germany, the Netherlands, Israel, Russia, and the United States.

ivi

Series C in 2019
ivi.ru Media Ltd. operates an online video and cinema platform in Russia, offering a wide range of content including movies, television series, shows, cartoons, and music videos. Founded in 2007 and based in Moscow, the platform allows users to access traditional television experiences online through a secure and flexible video player. It supports both desktop and independent content producers in creating live streaming channels, while also providing mainstream broadcasters with opportunities to reach new audiences and generate additional revenue. The platform is designed to be accessible from any internet-connected device, enhancing its usability for viewers.

Petrovax

Venture Round in 2014
Petrovax is a leading Russian company engaged in research, development and production of innovative pharmaceuticals. The company owns a portfolio of original products, including vaccines, immune system medicines and prolonged biotech drugs. The company operates a modern GMP-compliant facility in the Moscow Region with annual capacity in liquid forms well above 150mn doses. Petrovax was one of the first Russian companies to receive a European GMP certificate and remains one of the few exporters of locally developed and produced drugs into the EU and the Middle East. Today Petrovax is the largest vaccines exporter in Russia. In 2020 Petrovax deeply engaged in COVID-19 Vaccine and Medication research and development, becoming the first Russian company to receive phase 3 clinical trial approvals for both.