СFI: CIOJLS
ISIN code: KYG498621088
This fund is listed on Bloomberg
Growth Capital Sector Specific Fund
FUND TYPE
Series B and Beyond
STAGE
Fundrasing
FUND STATUS
2018
VINTAGE
iTechFund II launched in 2018, invests worldwide in globally-scalable tech companies at both the critical Series B stage and beyond. In addition to funding, we share our considerable experience and expertise with our companies. Everything is designed to help them maximize their potential to expand internationally. The fund is open for investment and continues to identify and assess potentially qualifying companies.
Global
FUND REGION
СFI: CIOJLS
ISIN code: KYG498621088
This fund is listed on Bloomberg
Growth Capital Sector Specific Fund
FUND TYPE
Series B and Beyond
STAGE
Fundrasing
FUND STATUS
2018
VINTAGE
iTechFund II launched in 2018, invests worldwide in globally-scalable tech companies at both the critical Series B stage and beyond. In addition to funding, we share our considerable experience and expertise with our companies. Everything is designed to help them maximize their potential to expand internationally. The fund is open for investment and continues to identify and assess potentially qualifying companies.
Global
FUND REGION
iTech Fund II Investment Strategy
The Fund has deep experience investing in IT and digitally-enabled companies across key sectors including: MarketingTech, LegalTech, FinTech, Online Travel, EdTech.
We invest globally, wherever the best candidate companies can be found.
Focus
Geography
We seek to identify companies which can demonstrate scope for substantial growth, have ambitions to expand operations globally.
Business Model
The Fund seeks out companies led by serial entrepreneurs, who in addition have established strong management teams, and can demonstrate a proven track record.
Company Management
The Fund seeks a return of IRR + 25%, generated in sustainable revenue streams denominated in hard currencies (such as US$ and Euro).
Revenue Target
Investment Ticket
We may invest from US$ 3mn to US$ 10mn
US$ 1mn over last 12 months
Portfolio Company Net Revenue Criteria
Portfolio Company ARR Criteria
US$ 2-3mn at the time of the investment
If you think your company would be
a fit for our investment portfolio please give us some outline details.
iTech Fund II Portfolio
Amulex is an acknowledged leader in providing remote legal services for individuals and small/medium business in Russia. Consolidating the latest achievements of LegalTech market with comprehensive client-oriented consulting. The Fund acquired a stake in Amulex in March 2018.
Amulex
Amulex is an acknowledged leader in providing remote legal services to individuals and small/medium business in Russia. Consolidating the latest achievements of LegalTech market with comprehensive client-oriented consulting.
Founded: 2010
Industry: LegalTech
Our Fund: iTech Fund II
Year of the funding round: 2018
Funding amount: US$ 8M
www.amulex.ru
Egor Kovalenko
Co-founder and Managing Partner
«...For us highly important was the fund's delicate approach to our business, which had been successfully operating for 8 years before the start of cooperation with iTech Capital. Bringing iTech Capital on board we have got a significant professional value-added consulter in addition to a capital provider. We are confident that together we will be able to scale our company, which has already helped millions of Russians to solve their day-to-day legal problems...»
Founded: 2010
Industry: LegalTech
Our Fund: iTech Fund II
Year of the funding round: 2018
Funding amount: US$ 8M
www.amulex.ru
Egor Kovalenko
Co-founder and Managing Partner
«...For us highly important was the fund's delicate approach to our business, which had been successfully operating for 8 years before the start of cooperation with iTech Capital. Bringing iTech Capital on board we have got a significant professional value-added consulter in addition to a capital provider. We are confident that together we will be able to scale our company, which has already helped millions of Russians to solve their day-to-day legal problems...»
Bitfury is the world's largest full-service blockchain technology company. The Fund I invested US$ 10mn in 2015, and partially exited in 2017. In 2018 we again invested in the company through the iTech Fund II.
Bitfury
The Bitfury Group is the largest full-service blockchain technology company in the world. They develop and deliver cutting-edge software and hardware solutions necessary for businesses, governments, organizations and individuals to securely move assets across the blockchain.
Founded: 2011
Industry: FinTech; CryptoTech
Our Fund: iTech Fund I; iTech Fund II
Year of the funding round: 2015; 2018
Funding amount: US$10M
www.bitfury.com
Valery Vavilov
Founder and CEO
«...In any successful business, reputation and teamwork are important. At Bitfury, one of our objectives is to surround ourselves with good people who keep up with the times, share our vision and open doors to global economic opportunities. Our experience with iTech Capital to date has been positive. iTech Capital is a founder supportive fund, which is important for any growing company. This is especially true in a new industry like blockchain, as we are developing our company while the market itself evolves. The iTech Capital team looks far into the future and shares our views on building new technology that will change the world...»
Founded: 2011
Industry: FinTech; CryptoTech
Our Fund: iTech Fund I; iTech Fund II
Year of the funding round: 2015; 2018
Funding amount: US$10M
www.bitfury.com
Valery Vavilov
Founder and CEO
«...In any successful business, reputation and teamwork are important. At Bitfury, one of our objectives is to surround ourselves with good people who keep up with the times, share our vision and open doors to global economic opportunities. Our experience with iTech Capital to date has been positive. iTech Capital is a founder supportive fund, which is important for any growing company. This is especially true in a new industry like blockchain, as we are developing our company while the market itself evolves. The iTech Capital team looks far into the future and shares our views on building new technology that will change the world...»
ROISTAT provides an SaaS end-to-end system for business analytics and optimization of marketing expenses for companies. The Fund acquired a stake in ROISTAT in February 2019.
Roistat
Roistat is a SaaS end-to-end system for business analytics, as well as for attribution and optimization of marketing expenses for companies. The platform aggregates and compares data from the clients' CRM systems and media, which allows for the more accurate analysis of financial results for every sales channel.
Founded: 2014
Industry: MarTech
Our Fund: iTech Fund II; Skolkovo Digital
Year of the funding round: 2019
Funding amount: US$4 M
www.roistat.com
German Gavrilov
Co-Founder
«...Over the past few years, we have built a successful business model in Russia and we continue to grow rapidly. Our target - improve marketing efficiency in companies around the world. Now we are at that stage of development when we feel the power and understand how important it is to enter the international market. iTech Capital seemed to us the most professional and experienced for the further development of the company competencies. The fund team shares our views and ambition for international expansion. We are glad that we are in the same boat...»
Founded: 2014
Industry: MarTech
Our Fund: iTech Fund II; Skolkovo Digital
Year of the funding round: 2019
Funding amount: US$4 M
www.roistat.com
German Gavrilov
Co-Founder
«...Over the past few years, we have built a successful business model in Russia and we continue to grow rapidly. Our target - improve marketing efficiency in companies around the world. Now we are at that stage of development when we feel the power and understand how important it is to enter the international market. iTech Capital seemed to us the most professional and experienced for the further development of the company competencies. The fund team shares our views and ambition for international expansion. We are glad that we are in the same boat...»
iTech Fund II Investor Information
Typical 5%+ dividend
The iTech Fund II portfolio normally pays a dividend yield of over 5%.
Transparency and Reporting
We welcome involvement from our investors, who are invited to participate in the investment decision-making process. To support this we provide state-of-the-art fund reporting capabilities.
Co-investment Opportunities
Fund LPs gain access to unique co-investment opportunities on favorable terms, providing potentially higher returns.
Entrepreneurial Endorsement
More than 70 HNWI – all accomplished and successful business people – have invested with iTech Capital since 2011.
Aiming for Growth with Reduced Volatility
iTech Fund II invests in the late stages of growing companies worldwide, with a view to reducing risks of loss and default.
For more details about iTech Fund II performance and the investment opportunities we offer:
Key People
Managing Partner
Investor Relations
Gleb Davidyuk
Managing Partner
Founded iTech Capital in 2010
Gleb Davidyuk is one of the pioneers in investing in the technology industry in Russia and abroad. He has almost 25 years of private equity experience in both Western and Russian private equity funds.
Responsibility:
Board Member in:
Amulex, Roistat, TradingView, Aviasales, Clickky, MFMs, Ecwid, Realweb, iConText, PromoPult.
Previous Experience:
2005 — 2010 Partner at Mint Capital,
2000 — 2005 Managing Director at Alfa Capital Partners
1996 — 2000 EBRD-sponsored private equity fund managed by Quadriga Capital
Education:
Executive MBA, Chicago Booth
Ph.D. in Finance, Yaroslavl State University
Social media:
Linkedin
Gleb Davidyuk is one of the pioneers in investing in the technology industry in Russia and abroad. He has almost 25 years of private equity experience in both Western and Russian private equity funds.
Responsibility:
Board Member in:
Amulex, Roistat, TradingView, Aviasales, Clickky, MFMs, Ecwid, Realweb, iConText, PromoPult.
Previous Experience:
2005 — 2010 Partner at Mint Capital,
2000 — 2005 Managing Director at Alfa Capital Partners
1996 — 2000 EBRD-sponsored private equity fund managed by Quadriga Capital
Education:
Executive MBA, Chicago Booth
Ph.D. in Finance, Yaroslavl State University
Social media:
Yury Mitin
IR
Employed: Nov 1, 2018
Responsibility:
Investor Relations, Fundraising, Portfolio Management
Previous Experience:
2014 - 2018 Managing Director, Skolkovo Startup Academy
2010 - 2014 Founder and CEO of MSU Business Incubator
2010 - to date Radio-Presenter, Kommersant FM
2006 - 2010 Co-founder of startups in education, e-commerce, IT
Education:
Ph.D in Economics - Moscow State University
Executive MBA - Skolkovo Business School
Social media:
Linkedin
Responsibility:
Investor Relations, Fundraising, Portfolio Management
Previous Experience:
2014 - 2018 Managing Director, Skolkovo Startup Academy
2010 - 2014 Founder and CEO of MSU Business Incubator
2010 - to date Radio-Presenter, Kommersant FM
2006 - 2010 Co-founder of startups in education, e-commerce, IT
Education:
Ph.D in Economics - Moscow State University
Executive MBA - Skolkovo Business School
Social media:
Anton Zalesov
Investment Director
Previous Experience:
2014 - 2019 Investment Director, VB Partners
2005 - 2014 Vice President, Investment Banking, Sberbank CIB
Education:
BS in Computer Engineering
BA in Finance
Michigan State University (USA)
Social media:
